<SEC-DOCUMENT>0001193125-23-270149.txt : 20231103
<SEC-HEADER>0001193125-23-270149.hdr.sgml : 20231103
<ACCEPTANCE-DATETIME>20231103120806
ACCESSION NUMBER:		0001193125-23-270149
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230831
FILED AS OF DATE:		20231103
DATE AS OF CHANGE:		20231103
EFFECTIVENESS DATE:		20231103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN CALIFORNIA MUNICIPAL VALUE FUND
		CENTRAL INDEX KEY:			0000818851
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05235
		FILM NUMBER:		231375164

	BUSINESS ADDRESS:	
		STREET 1:		333 W. WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178146

	MAIL ADDRESS:	
		STREET 1:		333 W. WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN CALIFORNIA MUNICIPAL VALUE FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>d446452dncsrs.htm
<DESCRIPTION>NUVEEN CALIFORNIA MUNICIPAL VALUE FUND
<TEXT>
<HTML><HEAD>
<TITLE>Nuveen California Municipal Value Fund</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">UNITED STATES </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">SECURITIES AND EXCHANGE COMMISSION </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Washington, D.C. 20549 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">N-CSR</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFIED SHAREHOLDER REPORT OF REGISTERED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MANAGEMENT INVESTMENT COMPANIES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD WIDTH="69%"></TD></TR>


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<TD VALIGN="top">Investment&nbsp;Company&nbsp;Act&nbsp;file&nbsp;number&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="white-space:nowrap">811-05235</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Nuveen California Municipal Value Fund </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Exact name of registrant as
specified in charter) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Nuveen Investments </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">333 West Wacker Drive </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Chicago, IL
60606 </P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Address of principal
executive offices) (Zip code) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Mark L. Winget </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Nuveen Investments </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">333 West Wacker
Drive </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Chicago, IL 60606 </P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Name and address of agent for service) </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="41%"></TD>

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<TD WIDTH="58%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Registrant&#146;s&nbsp;telephone&nbsp;number,&nbsp;including&nbsp;area&nbsp;code:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">(312)&nbsp;917-7700</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date&nbsp;of&nbsp;fiscal&nbsp;year&nbsp;end:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February&nbsp;28</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date&nbsp;of&nbsp;reporting&nbsp;period:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">August&nbsp;31, 2023</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> is to be used by management investment companies to file reports with the
Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule <FONT STYLE="white-space:nowrap">30e-1</FONT> under the Investment Company Act of 1940 (17 CFR <FONT
STYLE="white-space:nowrap">270.30e-1).</FONT> The Commission may use the information provided on Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> in its regulatory, disclosure review, inspection, and policymaking roles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A registrant is required to disclose the information specified by Form <FONT STYLE="white-space:nowrap">N-CSR,</FONT> and the Commission will make this
information public. A registrant is not required to respond to the collection of information contained in Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> unless the Form displays a currently valid Office of Management and Budget (&#147;OMB&#148;)
control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC
20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44&nbsp;U.S.C. ss. 3507. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

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<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">REPORTS TO STOCKHOLDERS. </P></TD></TR></TABLE>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:54.62px;left:0px;position:absolute;top:0px;transform:translate(68.399px,171.378px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:526.50px">
<div style="width:10530px;height:748.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,9.12px) rotate(0deg) scale(0.05)">
<div style="font-family:Georgia, serif;font-size:840px;position:absolute;top:-77.72px;left:0px;white-space:nowrap">Closed-End
</div><div style="font-family:Georgia, serif;font-size:840px;position:absolute;top:-77.72px;left:4528.13px;white-space:nowrap">Funds</div></div> </div>
<div style="background-color:transparent;background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:94.60px;left:0px;position:absolute;top:0px;transform:translate(348.700px,-0.500px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:109.00px">

 <div style="width:1780px;height:646px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(5.5px,29.8px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:0px;white-space:nowrap">Closed-End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:1125.78px;white-space:nowrap">Funds</div></div> </div>
<div style="height:25.92px;left:0px;position:absolute;top:0px;transform:translate(39.600px,17.279px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:123.84px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:54.62px;left:0px;position:absolute;top:0px;transform:translate(68.400px,128.178px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:526.50px">
<div style="width:10530px;height:748.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,9.12px) rotate(0deg) scale(0.05)">
<div style="font-family:Georgia, serif;font-size:840px;position:absolute;top:-77.72px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:Georgia, serif;font-size:840px;position:absolute;top:-77.72px;left:3055.66px;white-space:nowrap">Municipal</div></div> </div>
<div style="height:11.52px;left:0px;position:absolute;top:0px;transform:translate(39.600px,47.519px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:72.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-color:transparent;background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:93.60px;left:0px;position:absolute;top:0px;transform:translate(462.960px,0.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:108.00px">

 <div style="width:1800px;height:666px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(4.5px,28.8px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:0px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:725.78px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:900;position:absolute;top:-2.8px;left:1080.98px;white-space:nowrap">2023</div></div> </div>
<div style="height:150.44px;left:0px;position:absolute;top:0px;transform:translate(46.800px,614.890px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:491.04px">
<div style="width:9820.8px;height:2376px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,17.27px) rotate(0deg) scale(0.05)">
<div style="color:#dedfe1;font-family:Georgia, serif;font-size:1400px;font-weight:bold;position:absolute;top:-129.54px;left:0px;white-space:nowrap">Semi-annual
</div><div style="color:#dedfe1;font-family:Georgia, serif;font-size:1400px;font-weight:bold;position:absolute;top:1030.46px;left:0px;white-space:nowrap">Report</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:386.74px;left:0px;position:absolute;top:0px;transform:translate(68.399px,234.895px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:502.56px">

 <div style="width:10051.2px;height:7632px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.14px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.14px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:463.19px;letter-spacing:-0.24px;white-space:nowrap">semi-annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:1712.61px;letter-spacing:-0.21px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:2367.07px;letter-spacing:-1.12px;white-space:nowrap">contains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:3228.9px;letter-spacing:0.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:3587.21px;letter-spacing:-0.92px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:4276.25px;text-rendering:optimizeLegibility;letter-spacing:-0.52px;white-space:nowrap">unaudited&#160;financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:0px;left:6187.58px;letter-spacing:-1.03px;white-space:nowrap">statements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:701.56px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:1561.52px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:2214.75px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:3108.79px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:777.5px;left:3789.65px;letter-spacing:-2.25px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:777.2px;left:9661.55px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:701.56px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:1561.52px;letter-spacing:-2.21px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:2430.18px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:3083.4px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:3977.44px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1187.45px;left:4658.3px;letter-spacing:-2.25px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:1187.16px;left:9662.82px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1597.4px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1597.4px;left:701.56px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1597.4px;left:1561.52px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1597.4px;left:2455.57px;letter-spacing:-1.95px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1597.4px;left:2975.98px;letter-spacing:-2.25px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:1597.11px;left:9661.55px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:701.56px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:1561.52px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:2130.76px;letter-spacing:-3.23px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:2890.43px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:2007.36px;left:3571.29px;letter-spacing:-0.59px;white-space:nowrap">Portfolio</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:2007.06px;left:9674.74px;letter-spacing:-1.17px;white-space:nowrap">NXC
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">2</div></div> </div>
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-7.68px;white-space:nowrap">Table</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:0px;letter-spacing:-6.4px;white-space:nowrap">of
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:586.9px;letter-spacing:-8.4px;white-space:nowrap">Contents</div></div> </div>
<div style="height:620.23px;left:0px;position:absolute;top:0px;transform:translate(36.000px,128.461px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div epub:type="toc" style="height:619.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,129.059px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12289.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.14px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-2.77px;white-space:nowrap">Chair&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:640.79px;white-space:nowrap">Letter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:1217.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:1458.58px;letter-spacing:-0.28px;white-space:nowrap">Shareholders</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:10516px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:348px;left:0px;white-space:nowrap">Important
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:348px;left:933.78px;white-space:nowrap">Notices</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:348px;left:10516px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:696px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:696px;left:511.4px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:696px;left:10516px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1044px;left:0px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1044px;left:885.59px;letter-spacing:-0.6px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1044px;left:1441.39px;letter-spacing:0.3px;white-space:nowrap">Information</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1044px;left:10516px;white-space:nowrap">6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:0px;white-space:nowrap">About
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:611.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:955.59px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:1604.18px;white-space:nowrap">Benchmarks</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1392px;left:10516px;white-space:nowrap">8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:0px;letter-spacing:0.3px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:1188.78px;white-space:nowrap">Overview
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:2085.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:2477.97px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:3333.36px;white-space:nowrap">Summaries</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1740px;left:10516px;white-space:nowrap">9
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2088px;left:0px;letter-spacing:-0.3px;white-space:nowrap">Shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2088px;left:1133.39px;white-space:nowrap">Meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2088px;left:1937.18px;white-space:nowrap">Report</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2088px;left:10404.8px;white-space:nowrap">17
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2436px;left:0px;white-space:nowrap">Portfolios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2436px;left:899.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2436px;left:1132.77px;white-space:nowrap">Investments</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2436px;left:10404.8px;white-space:nowrap">18
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:973.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:1207.18px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:1833.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:2225.97px;white-space:nowrap">Liabilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2784px;left:10404.8px;white-space:nowrap">55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3132px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3132px;left:973.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3132px;left:1207.18px;white-space:nowrap">Operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3132px;left:10404.8px;white-space:nowrap">56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:973.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:1207.18px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:2048.38px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:2263.18px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:2651.97px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3480px;left:10404.8px;white-space:nowrap">57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;left:973.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;left:1207.18px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;left:1703.78px;white-space:nowrap">Flows</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3828px;left:10404.8px;white-space:nowrap">59
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4176px;left:0px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4176px;left:837.19px;white-space:nowrap">Highlights</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4176px;left:10404.8px;white-space:nowrap">60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4524px;left:0px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4524px;left:592.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4524px;left:833.19px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4524px;left:1670.38px;white-space:nowrap">Statements</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4524px;left:10404.8px;white-space:nowrap">65
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4872px;left:0px;white-space:nowrap">Risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4872px;left:403.79px;white-space:nowrap">Considerations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4872px;left:10404.8px;white-space:nowrap">77
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5220px;left:0px;white-space:nowrap">Additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5220px;left:981.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5220px;left:1492.58px;letter-spacing:0.3px;white-space:nowrap">Information</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5220px;left:10404.8px;white-space:nowrap">78
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:0px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:814.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:1048.18px;letter-spacing:-3.1px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:1633.18px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:2144.57px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:2359.37px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:2725.76px;white-space:nowrap">Report</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5568px;left:10404.8px;white-space:nowrap">79
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:0px;white-space:nowrap">Annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:678.2px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:1716.18px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:2961.18px;letter-spacing:-0.36px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:4020.57px;letter-spacing:-0.4px;white-space:nowrap">Approval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:4887.35px;letter-spacing:-0.45px;white-space:nowrap">Process</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5916px;left:10404.8px;white-space:nowrap">80
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<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.4px;white-space:nowrap">Chair&#8217;s
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1794.92px;letter-spacing:-8px;white-space:nowrap">Letter</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:0px;letter-spacing:-6.4px;white-space:nowrap">to
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:589.01px;letter-spacing:-8.8px;white-space:nowrap">Shareholders</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10544.32px;white-space:nowrap">3</div></div> </div>
<div style="height:103.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,133.199px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:108.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:618.57px;left:0px;position:absolute;top:0px;transform:translate(144.000px,130.121px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:423.36px">
<div style="width:8467.2px;height:12289.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.08px) rotate(0deg) scale(0.05)">
<div style="height:48.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,9325.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:138.90px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:0px;white-space:nowrap">Dear
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:562.09px;letter-spacing:-0.3px;white-space:nowrap">Shareholders,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Inflation
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:774.99px;letter-spacing:0.4px;white-space:nowrap">concerns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:1630.78px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:2108.98px;white-space:nowrap">continued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:3060.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:3301.56px;white-space:nowrap">dominate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:4208.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:4553.34px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:5586.53px;white-space:nowrap">landscape
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:6546.12px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:6760.92px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:397.8px;left:7316.92px;text-rendering:optimizeLegibility;white-space:nowrap">Inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:0px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:488.59px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:966.79px;white-space:nowrap">fallen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:1503.78px;white-space:nowrap">meaningfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:2700.17px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:3166.76px;white-space:nowrap">post-pandemic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:4566.74px;white-space:nowrap">highs,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:5155.74px;white-space:nowrap">helped
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:5837.34px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:6111.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:6455.93px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:637.8px;left:7411.32px;white-space:nowrap">policy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:0px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:717.99px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:1121.38px;letter-spacing:-0.36px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:1991.98px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:2458.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:2802.97px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:3218.16px;white-space:nowrap">Federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:3947.76px;white-space:nowrap">Reserve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:4703.55px;white-space:nowrap">(Fed)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:5207.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:5600.54px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:6129.93px;white-space:nowrap">global
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:6748.32px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:7407.32px;white-space:nowrap">banks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:877.8px;left:7981.71px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:0px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:500.4px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:893.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:1237.59px;letter-spacing:0.26px;white-space:nowrap">normalization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:2496.37px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:2729.77px;white-space:nowrap">supply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:3370.56px;white-space:nowrap">chains.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:4037.55px;letter-spacing:-2.04px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:4922.94px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:5363.74px;letter-spacing:-0.36px;white-space:nowrap">currently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:6189.33px;letter-spacing:-0.51px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:6852.32px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:7460.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1117.8px;left:7804.51px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:403.39px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:1062.38px;white-space:nowrap">banks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:1636.78px;white-space:nowrap">consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:2451.57px;white-space:nowrap">supportive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:3454.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:3688.35px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:4147.14px;white-space:nowrap">economies&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:5225.53px;letter-spacing:0.36px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:6165.71px;letter-spacing:-0.45px;white-space:nowrap">growth.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:6902.5px;letter-spacing:-0.72px;white-space:nowrap">Core
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1357.8px;left:7391.49px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">measures,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:952.19px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:1518.99px;white-space:nowrap">exclude
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:2271.18px;white-space:nowrap">volatile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:2967.17px;white-space:nowrap">food
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:3441.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:3834.16px;letter-spacing:-0.51px;white-space:nowrap">energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:4504.75px;white-space:nowrap">prices,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:5145.35px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:5360.14px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:6248.33px;letter-spacing:-0.51px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:6911.32px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1597.8px;left:7519.12px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1837.8px;left:0px;white-space:nowrap">banks&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1837.8px;left:626.39px;letter-spacing:-0.4px;white-space:nowrap">targeted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1837.8px;left:1448.18px;white-space:nowrap">levels.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:0px;white-space:nowrap">At
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:259.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:603.59px;white-space:nowrap">same
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:1129.79px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:1636.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:1981.38px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:2396.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:2789.37px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:3318.77px;letter-spacing:-0.6px;white-space:nowrap">large
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:3822.36px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:4848.75px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:5326.95px;letter-spacing:-0.4px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:6223.34px;letter-spacing:-0.33px;white-space:nowrap">relatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2221.8px;left:7071.13px;letter-spacing:-0.33px;white-space:nowrap">resilient,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:0px;white-space:nowrap">even
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:485.6px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:730.2px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:1515.59px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:2496.97px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:2975.17px;white-space:nowrap">tightened.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:3956.36px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:4371.56px;letter-spacing:-0.6px;white-space:nowrap">gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:4901.15px;white-space:nowrap">domestic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:5775.14px;letter-spacing:-0.45px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:6530.53px;letter-spacing:-0.36px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:7438.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2461.8px;left:7678.71px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:214.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:559.19px;white-space:nowrap">second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:1259.59px;white-space:nowrap">quarter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:1962.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:2196.17px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:2696.57px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:3163.17px;white-space:nowrap">2.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:3663.36px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:3878.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:4222.56px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:4603.55px;white-space:nowrap">quarter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:5306.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:5540.13px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:6096.13px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:6558.72px;letter-spacing:-0.45px;white-space:nowrap">growing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:7343.71px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2701.8px;left:7843.91px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:0px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:500.4px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:1148.39px;letter-spacing:-0.4px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:2111.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:2352.17px;white-space:nowrap">2021.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:2908.17px;white-space:nowrap">Consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:3767.36px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:4170.76px;white-space:nowrap">much
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:4715.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:4948.95px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:5315.34px;letter-spacing:-0.51px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:5996.53px;letter-spacing:-0.4px;white-space:nowrap">occurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:6837.32px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:7355.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2941.8px;left:7700.11px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:0px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:389px;white-space:nowrap">raising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:1029.39px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:1747.38px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:2235.97px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:2450.77px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:2847.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:3080.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:3425.16px;white-space:nowrap">fastest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:4058.15px;white-space:nowrap">hiking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:4650.74px;white-space:nowrap">cycles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:5239.93px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:5454.73px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:5709.92px;letter-spacing:-2.04px;white-space:nowrap">history.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:6394.91px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:6787.71px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3181.8px;left:7187.91px;letter-spacing:-0.36px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:344.4px;letter-spacing:-0.51px;white-space:nowrap">target
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:932.79px;white-space:nowrap">fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:1280.98px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:1825.58px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:2228.97px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:2695.57px;white-space:nowrap">near
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:3143.76px;letter-spacing:-0.72px;white-space:nowrap">zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:3577.16px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:3791.96px;letter-spacing:-0.6px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:4399.75px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:4900.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:5140.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:5300.15px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:5870.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:6103.94px;white-space:nowrap">5.25%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:6715.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:6955.93px;white-space:nowrap">5.50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3421.8px;left:7567.33px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:233.4px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:1281.38px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:1837.38px;white-space:nowrap">pausing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:2596.78px;text-rendering:optimizeLegibility;white-space:nowrap">briefly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:3203.97px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:3418.77px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:3904.36px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:4404.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:4797.56px;white-space:nowrap">again
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:5342.16px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:5556.95px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:6604.94px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3661.8px;left:7160.94px;white-space:nowrap">Despite
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:0px;white-space:nowrap">historically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:991.98px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:1440.18px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:2210.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:2603.16px;white-space:nowrap">rapidly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:3265.75px;white-space:nowrap">rising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:3802.34px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:4520.33px;white-space:nowrap">rates,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:5064.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:5408.92px;white-space:nowrap">jobs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:5838.51px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:6508.7px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3901.8px;left:6864.5px;letter-spacing:-0.4px;white-space:nowrap">remained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:0px;letter-spacing:-0.33px;white-space:nowrap">relatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:847.79px;letter-spacing:-0.45px;white-space:nowrap">strong,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:1525.38px;white-space:nowrap">helping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:2254.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:2495.57px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:3243.35px;white-space:nowrap">consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:4169.54px;white-space:nowrap">sentiment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:5106.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:5499.13px;white-space:nowrap">spending.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:6443.72px;letter-spacing:-2.04px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:7329.11px;white-space:nowrap">markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4141.8px;left:8084.5px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:0px;letter-spacing:0.36px;white-space:nowrap">concerned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:1003.99px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:1407.38px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:1948.18px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:2929.56px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:3481.56px;white-space:nowrap">keep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:3978.15px;letter-spacing:-0.51px;white-space:nowrap">upward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:4700.34px;letter-spacing:-0.8px;white-space:nowrap">pressure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:5507.74px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:5793.14px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:6378.13px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:6770.93px;white-space:nowrap">wages,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4381.8px;left:7448.92px;white-space:nowrap">leading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:240.59px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:958.58px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:1447.18px;white-space:nowrap">staying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:2135.97px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:2761.76px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:3061.55px;white-space:nowrap">longer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:3694.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:4087.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:4246.94px;white-space:nowrap">potentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:5242.72px;white-space:nowrap">deeper
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:5942.72px;white-space:nowrap">slowdown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:6890.9px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:7105.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4621.8px;left:7450.1px;letter-spacing:-2.04px;white-space:nowrap">economy.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:415.2px;letter-spacing:-0.4px;white-space:nowrap">regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:1196.59px;white-space:nowrap">banks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:1770.98px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:1926.58px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:2389.18px;white-space:nowrap">enduring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:3248.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:3592.76px;letter-spacing:-0.33px;white-space:nowrap">relatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:4440.55px;white-space:nowrap">contained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:5385.14px;white-space:nowrap">collapses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:6259.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:6492.72px;white-space:nowrap">Silicon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:7129.71px;letter-spacing:-1.57px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4861.8px;left:7703.91px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Signature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:903.59px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:1396.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:1789.39px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:2222.18px;white-space:nowrap">Republic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:3055.57px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:3548.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:3941.36px;white-space:nowrap">major
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:4504.15px;letter-spacing:-0.4px;white-space:nowrap">European
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:5419.34px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:5908.54px;letter-spacing:-0.51px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:6515.53px;white-space:nowrap">Suisse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:7123.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:7337.92px;letter-spacing:-0.6px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5101.8px;left:7945.72px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:0px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:155.6px;letter-spacing:-0.51px;white-space:nowrap">remain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:818.59px;white-space:nowrap">exposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:1641.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:1881.78px;white-space:nowrap">challenges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:2885.77px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:3100.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:3444.97px;letter-spacing:-0.33px;white-space:nowrap">commercial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:4526.55px;letter-spacing:-0.72px;white-space:nowrap">real
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:4907.95px;white-space:nowrap">estate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:5507.74px;letter-spacing:-2.3px;white-space:nowrap">sector.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:6144.73px;letter-spacing:-1.31px;white-space:nowrap">Additionally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5341.8px;left:7307.51px;letter-spacing:0.4px;white-space:nowrap">concerns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:0px;white-space:nowrap">about
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:577.79px;letter-spacing:0.33px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:1722.18px;white-space:nowrap">funding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:2462.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:2855.77px;text-rendering:optimizeLegibility;white-space:nowrap">deficits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:3548.16px;white-space:nowrap">persist.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:4243.95px;letter-spacing:-0.4px;white-space:nowrap">Congress
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:5136.74px;white-space:nowrap">averted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:5869.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:6029.33px;letter-spacing:-0.74px;white-space:nowrap">near-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:6951.11px;white-space:nowrap">default
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5581.8px;left:7628.7px;white-space:nowrap">scenario
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:214.8px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:700.4px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:1200.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:1593.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:1752.99px;white-space:nowrap">partial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:2367.18px;letter-spacing:0.33px;white-space:nowrap">government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:3511.57px;white-space:nowrap">shutdown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:4437.55px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:4663.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:5007.75px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:5407.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:5641.34px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:6689.33px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:7245.33px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5821.8px;left:7600.73px;white-space:nowrap">funding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:0px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:343.99px;white-space:nowrap">need
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:855.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:1095.98px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:1384.98px;letter-spacing:-0.28px;white-space:nowrap">renegotiated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:2595.77px;white-space:nowrap">again
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:3140.36px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:3355.16px;white-space:nowrap">November
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6061.8px;left:4362.75px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:0px;white-space:nowrap">Given
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:578px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:922.39px;white-space:nowrap">lingering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:1766.38px;white-space:nowrap">upside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:2421.98px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:2858.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:3099.36px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:3869.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:4262.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:4606.74px;white-space:nowrap">lagging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:5339.94px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:6002.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:6236.12px;white-space:nowrap">tighter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:6883.51px;letter-spacing:-0.51px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6445.8px;left:7446.1px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:0px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:285.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:629.79px;letter-spacing:-2.04px;white-space:nowrap">economy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:1545.39px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:1945.58px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">officials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:2664.17px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:2997.57px;white-space:nowrap">closely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:3656.96px;white-space:nowrap">monitoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:4693.54px;white-space:nowrap">incoming
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:5575.13px;text-rendering:optimizeLegibility;white-space:nowrap">inflation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:6345.32px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:6797.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6685.8px;left:7189.91px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:0px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:926.39px;letter-spacing:-0.4px;white-space:nowrap">measures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:1822.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:2063.58px;white-space:nowrap">modify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:2733.97px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:3192.76px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:3596.15px;white-space:nowrap">setting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:4262.34px;white-space:nowrap">activity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:4939.73px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:5539.92px;white-space:nowrap">upon
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:6599.51px;white-space:nowrap">factors
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6925.8px;left:7536.5px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:0px;white-space:nowrap">meeting-by-meeting
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:2444.17px;white-space:nowrap">The
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:3237.17px;letter-spacing:-0.45px;white-space:nowrap">remains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:3985.36px;white-space:nowrap">committed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:5010.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:5251.54px;white-space:nowrap">acting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:5855.13px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:6295.52px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:6465.52px;white-space:nowrap">sees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7165.8px;left:6913.92px;white-space:nowrap">sustainable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:0px;letter-spacing:-0.8px;white-space:nowrap">progress
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:825.79px;letter-spacing:-0.51px;white-space:nowrap">toward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:1499.58px;white-space:nowrap">its
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:2524.96px;white-space:nowrap">goals.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:3113.95px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:3333.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:3677.95px;white-space:nowrap">meantime,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:4681.74px;white-space:nowrap">markets
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:5770.53px;white-space:nowrap">likely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:6274.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:6514.71px;white-space:nowrap">continue
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7405.8px;left:8122.09px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:344.4px;white-space:nowrap">short
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:847.79px;letter-spacing:0.72px;white-space:nowrap">term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:1321.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:1561.97px;white-space:nowrap">news
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:2069.57px;white-space:nowrap">about
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:3417.55px;white-space:nowrap">data,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:3924.94px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:4851.33px;white-space:nowrap">indicators
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:5773.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:6165.91px;white-space:nowrap">central
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:6824.9px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:7314.1px;letter-spacing:-2.3px;white-space:nowrap">policy.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7645.8px;left:7936.49px;letter-spacing:-1.2px;white-space:nowrap">We
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:0px;white-space:nowrap">encourage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:1007.79px;white-space:nowrap">investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:1851.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:2092.57px;white-space:nowrap">keep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:2589.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:2748.57px;letter-spacing:0.36px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:3688.75px;white-space:nowrap">perspective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:4781.14px;white-space:nowrap">amid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:5281.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:5625.53px;letter-spacing:0.33px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:6613.51px;white-space:nowrap">turbulence.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7885.8px;left:7680.1px;letter-spacing:-3.68px;white-space:nowrap">Your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:785.39px;letter-spacing:-0.28px;white-space:nowrap">professional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:1914.97px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:2281.97px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:2730.17px;white-space:nowrap">you
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:3111.97px;letter-spacing:-0.51px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:3741.56px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:4171.35px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:4578.55px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:5026.74px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:5848.32px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:6037.12px;white-space:nowrap">aligned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:6759.31px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:7184.9px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8125.8px;left:7633.09px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:0px;white-space:nowrap">horizon,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:770.39px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:1121.98px;white-space:nowrap">tolerance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:2010.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:2403.57px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8365.8px;left:3436.76px;white-space:nowrap">goals.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:0px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:333.6px;white-space:nowrap">behalf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:944.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:1178.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:1522.59px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:2051.98px;white-space:nowrap">members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:2944.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:3177.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:3522.36px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:4274.76px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:4786.16px;letter-spacing:-0.51px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:5430.75px;white-space:nowrap">we
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8749.8px;left:6912.12px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8989.8px;left:1565.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8989.8px;left:1910.37px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8989.8px;left:2628.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8989.8px;left:3021.76px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8989.8px;left:3540.36px;white-space:nowrap">ahead.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10517.8px;left:0px;letter-spacing:-3.22px;white-space:nowrap">Terence
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10517.8px;left:752.2px;white-space:nowrap">J.
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 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10901.8px;left:525.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10901.8px;left:759.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10901.8px;left:1103.59px;letter-spacing:-0.72px;white-space:nowrap">Board</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11285.8px;left:0px;white-space:nowrap">October&#160;23,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:11285.8px;left:1137.19px;white-space:nowrap">2023</div></div> </div>
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<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">4</div></div> </div>
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
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<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.64px;white-space:nowrap">Important
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2596.5px;letter-spacing:-8.23px;white-space:nowrap">Notices</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:636.55px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.141px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.7px) rotate(0deg) scale(0.05)">
<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:0px;white-space:nowrap">Portfolio
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:789.64px;white-space:nowrap">Manager
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:1592.97px;white-space:nowrap">Commentaries
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:2865.91px;white-space:nowrap">in
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:3069.3px;white-space:nowrap">Semi-annual
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:4139.38px;letter-spacing:-0.27px;white-space:nowrap">Shareholder
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:213.48px;left:5212.7px;letter-spacing:0px;white-space:nowrap">Reports</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:353.52px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:890.46px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:1523.87px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:2263.29px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:3023.42px;white-space:nowrap">commentary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:4073.53px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:4266.85px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:4679.76px;letter-spacing:0px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:5260.08px;letter-spacing:-0.27px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:6256.73px;letter-spacing:-0.36px;white-space:nowrap">reports.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:6926.32px;letter-spacing:0px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:7242.93px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:7552.89px;letter-spacing:0px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:8136.63px;letter-spacing:0px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:8583.2px;letter-spacing:-0.46px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:9136.51px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:430.92px;left:9716.83px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:0px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:760.13px;white-space:nowrap">discussion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:1680.28px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:2253.76px;letter-spacing:-0.54px;white-space:nowrap">refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:2673.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:2890.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:3200px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:3932.76px;white-space:nowrap">Managers&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:4823.22px;letter-spacing:0px;white-space:nowrap">Comments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:5750.03px;letter-spacing:0px;white-space:nowrap">section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:6373.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:6583.41px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:7013.79px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:7577.55px;letter-spacing:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:8337.5px;letter-spacing:0px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:8637.74px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:9088.1px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:646.92px;left:9668.42px;letter-spacing:-0.27px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:862.92px;left:0px;letter-spacing:-0.46px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:316.61px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:929.69px;letter-spacing:0.27px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:1902.57px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:2159.43px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:2562.8px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:3126.56px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:4056.43px;white-space:nowrap">objectives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:4969.73px;letter-spacing:0px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:5709.16px;letter-spacing:0px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:6822.81px;white-space:nowrap">team
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:7279.46px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:7632.98px;letter-spacing:0px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:8326.51px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:8906.83px;letter-spacing:0px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:9319.74px;letter-spacing:0px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1258.92px;left:9925.97px;letter-spacing:0px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:0px;letter-spacing:-0.54px;white-space:nowrap">refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:419.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:636.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:946.25px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:1510px;white-space:nowrap">website
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:2179.78px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1474.92px;left:2382.99px;letter-spacing:-0.66px;white-space:nowrap">www.nuveen.com.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:316.61px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:1033.73px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:1396.79px;letter-spacing:-0.36px;white-space:nowrap">occurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:2153.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:2370.03px;white-space:nowrap">your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:2773.41px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:3233.66px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:3660.26px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:4233.37px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:4586.89px;letter-spacing:0px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:5570.4px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:5786.94px;letter-spacing:0px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:6116.69px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:6912.82px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:7542.63px;letter-spacing:0px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:8116.1px;letter-spacing:-0.54px;white-space:nowrap">refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:8535.86px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:8752.39px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:9062.35px;letter-spacing:0px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:9595.68px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1870.92px;left:9812.22px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2086.92px;left:0px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2086.92px;left:953.09px;white-space:nowrap">section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2086.92px;left:1576.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2086.92px;left:1786.48px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2086.92px;left:2116.23px;letter-spacing:-0.46px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:316.61px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:1010.15px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:1590.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:2003.38px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:2609.61px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:2829.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:3039.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:3349.76px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:3709.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:3919.99px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:4249.75px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:5045.87px;letter-spacing:0px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:5675.68px;letter-spacing:0px;white-space:nowrap">please
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:6249.16px;letter-spacing:-0.54px;white-space:nowrap">refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:6668.92px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:6885.45px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:7195.41px;letter-spacing:0.27px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:8265.31px;letter-spacing:0px;white-space:nowrap">Overview
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:9072.06px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2482.92px;left:9425.58px;white-space:nowrap">Holding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2698.92px;left:0px;white-space:nowrap">Summaries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2698.92px;left:930.05px;white-space:nowrap">section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2698.92px;left:1553.38px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2698.92px;left:2079.69px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2698.92px;left:2409.45px;letter-spacing:-0.46px;white-space:nowrap">report.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:0px;white-space:nowrap">Events
 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:613.25px;white-space:nowrap">that
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:1006.54px;letter-spacing:-0.36px;white-space:nowrap">Occurred
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:1840.11px;white-space:nowrap">Subsequent
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:2890.03px;white-space:nowrap">to
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:3123.12px;white-space:nowrap">the
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:3453.06px;white-space:nowrap">Reporting
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3093.48px;left:4349.8px;white-space:nowrap">Period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3525.48px;left:0px;white-space:nowrap">Portfolio
 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3525.48px;left:789.64px;white-space:nowrap">Manager
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3525.48px;left:1592.97px;white-space:nowrap">Update
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:736.73px;white-space:nowrap">October
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:1459.96px;white-space:nowrap">13,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:1760.2px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:2260.6px;white-space:nowrap">Kristen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:2863.59px;white-space:nowrap">DeJong
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:3550.64px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:3870.86px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:4331.12px;white-space:nowrap">added
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:4904.6px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:5124.74px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:5268.19px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:6007.61px;letter-spacing:-1.84px;white-space:nowrap">manager.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:6851.27px;letter-spacing:0px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:7314.4px;letter-spacing:0px;white-space:nowrap">Romans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:8001.45px;letter-spacing:0px;white-space:nowrap">continues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:8824.94px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:9041.48px;letter-spacing:0px;white-space:nowrap">serve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:9514.87px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:9735.01px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3742.92px;left:9878.47px;letter-spacing:0px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3958.92px;left:0px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3958.92px;left:760.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3958.92px;left:970.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3958.92px;left:1280.15px;white-space:nowrap">Funds.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:0px;white-space:nowrap">Updated
 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:793.42px;white-space:nowrap">Distribution
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:1843.52px;white-space:nowrap">Policy
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:2390.35px;white-space:nowrap">for
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:2686.81px;white-space:nowrap">NAC
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:3136.62px;white-space:nowrap">and
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4353.48px;left:3503.27px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:0px;white-space:nowrap">On
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:300.24px;white-space:nowrap">October
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:1023.47px;white-space:nowrap">23,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:1323.71px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:1824.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:2134.07px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:2717.8px;letter-spacing:-0.54px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:3247.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:3457.95px;letter-spacing:-1.84px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:4167.86px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:4524.62px;letter-spacing:-0.36px;white-space:nowrap">&#8220;Board&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:5288.35px;white-space:nowrap">updated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:6021.66px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:6331.62px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:7294.06px;white-space:nowrap">policy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:7820.73px;letter-spacing:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:8090.55px;letter-spacing:0px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:8530.82px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:8884.34px;white-space:nowrap">NKX.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:9351.26px;letter-spacing:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4570.92px;left:9788.29px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:962.44px;letter-spacing:-2.07px;white-space:nowrap">policy,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:1522.59px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:2032.71px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:2416.28px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:2676.38px;white-space:nowrap">changed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:3426.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:3673.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:3983.53px;letter-spacing:-0.46px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:4563.67px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:4733.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:4950.12px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:5433.77px;letter-spacing:-0.4px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:6046.85px;letter-spacing:0px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:6746.86px;letter-spacing:0px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:7153.84px;letter-spacing:0px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:8192.96px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:8409.49px;letter-spacing:0px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:9056.04px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:9266.1px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4786.92px;left:9495.77px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:0px;letter-spacing:-0.46px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:553.5px;white-space:nowrap">(stated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:1150.01px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:1343.33px;letter-spacing:0.54px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:1846.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:2056.29px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:2199.75px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:2643.27px;white-space:nowrap">cents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:3116.66px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:3436.52px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:4193.59px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:4670.41px;letter-spacing:0px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:5423.7px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:6386.14px;letter-spacing:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:6749.19px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:7259.31px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:7642.88px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:7902.98px;letter-spacing:0px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:8189.54px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:8609.47px;letter-spacing:0px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:9015.91px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:9232.44px;letter-spacing:0px;white-space:nowrap">time).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:9735.71px;letter-spacing:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5002.92px;left:10089.23px;letter-spacing:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:0px;white-space:nowrap">intends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:639.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:856.43px;white-space:nowrap">distribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:1668.93px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:1898.79px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:2115.32px;white-space:nowrap">substantially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:3151.57px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:3381.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:3591.48px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:3821.15px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:4131.11px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:5060.98px;letter-spacing:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:5701.23px;letter-spacing:-0.4px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:6384.51px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:6614.18px;letter-spacing:-0.4px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:7227.25px;letter-spacing:0px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:7927.27px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:8889.71px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:9243.22px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5218.92px;left:9459.76px;letter-spacing:0px;white-space:nowrap">distribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:0px;letter-spacing:-0.36px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:673.19px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:1252.96px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:1726.36px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:1929.58px;white-space:nowrap">least
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:2352.75px;letter-spacing:-1.66px;white-space:nowrap">annually.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:3096.5px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:3294.14px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:4060.57px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:4253.89px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:4584.19px;letter-spacing:0px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:5284.2px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:5914.01px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:6130.54px;letter-spacing:0px;white-space:nowrap">maintain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:6867.09px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:7096.77px;letter-spacing:-0.36px;white-space:nowrap">declared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:7846.82px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:8166.68px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:8923.75px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5434.92px;left:9400.57px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:0px;white-space:nowrap">amount,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:713.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:1023.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:1483.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:1867.3px;white-space:nowrap">distribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:2679.81px;letter-spacing:-0.65px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:3146.54px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:3363.08px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:3709.76px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:4113.13px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:4342.81px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:4652.76px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:5582.63px;letter-spacing:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:6222.89px;letter-spacing:0px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:6796px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:7105.96px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:7735.77px;letter-spacing:0px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:7933.41px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:8243.36px;letter-spacing:0px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:8740.16px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:9050.12px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5650.92px;left:9510.37px;letter-spacing:0px;white-space:nowrap">distributes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:0px;letter-spacing:-0.65px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:466.73px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:870.11px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:1099.79px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:1409.74px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:2339.61px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:2979.87px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:3552.98px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:3883.28px;white-space:nowrap">yearly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:4403.29px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:5033.1px;letter-spacing:0px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:5446.74px;letter-spacing:0px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:6485.86px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:6869.43px;letter-spacing:0px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:7239.51px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:7872.92px;letter-spacing:-0.36px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:8546.12px;letter-spacing:0px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:9019.51px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:9606.12px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:9749.58px;letter-spacing:0px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5866.92px;left:10279.14px;letter-spacing:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:0px;white-space:nowrap">capital.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:629.81px;letter-spacing:-6.66px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:869.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:1179.88px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:1736.44px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:2099.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:2242.95px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:3205.39px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:3915.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:4058.95px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:4588.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:4798.55px;letter-spacing:0px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:5378.32px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:5688.28px;letter-spacing:-2.25px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:6102.82px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:6422.68px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:6899.49px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:7209.09px;letter-spacing:-0.46px;white-space:nowrap">erode.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:7782.56px;letter-spacing:0px;white-space:nowrap">If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:7933.4px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:8243.36px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:8807.11px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6082.92px;left:9769.55px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:0px;white-space:nowrap">anything
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:743.39px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:1219.84px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:1623.22px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:1933.18px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:2863.05px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:3553.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:3863.3px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:4323.56px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:4633.15px;letter-spacing:-0.4px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:5296.44px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:5439.9px;letter-spacing:0px;white-space:nowrap">notice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:5986.55px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:6203.09px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:7276.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:7486.47px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:7716.15px;letter-spacing:0px;white-space:nowrap">best
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:8112.68px;letter-spacing:0px;white-space:nowrap">estimate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:8849.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:9059.11px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6298.92px;left:9369.06px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:0px;letter-spacing:-0.4px;white-space:nowrap">sources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:653.57px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:856.79px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:1219.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:1529.8px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:1936.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:2146.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:2456.25px;white-space:nowrap">distribution.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:3468.73px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:3999.01px;white-space:nowrap">estimates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:4812.06px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:5195.63px;letter-spacing:0px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:5512.25px;white-space:nowrap">match
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:6055.66px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:6365.62px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">final
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:6749.01px;letter-spacing:0px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:7038.99px;letter-spacing:0px;white-space:nowrap">characterization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:8351.89px;white-space:nowrap">(for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:8668.5px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:8978.46px;white-space:nowrap">full
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6514.92px;left:9268.25px;letter-spacing:-2.85px;white-space:nowrap">year&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:0px;white-space:nowrap">distributions)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:1085.92px;white-space:nowrap">contained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:1936.05px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:2129.37px;letter-spacing:-0.23px;white-space:nowrap">shareholders&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:3249.49px;white-space:nowrap">1099-DIV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:4050.67px;letter-spacing:0.54px;white-space:nowrap">forms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:4553.76px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:4970.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:5280.05px;letter-spacing:0px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:5640.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:5850.28px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6730.92px;left:6160.24px;letter-spacing:-3.31px;white-space:nowrap">year.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:114.86px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:2145.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1418.44px;white-space:nowrap">Leverage</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10544.32px;white-space:nowrap">5</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:611.53px;left:0px;position:absolute;top:0px;transform:translate(36.000px,137.168px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12160.28px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.51px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:0px;letter-spacing:-1.69px;white-space:nowrap">IMPACT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:642.87px;white-space:nowrap">OF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:915.35px;white-space:nowrap">THE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:1270.86px;white-space:nowrap">FUND&#8217;S
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:1913.57px;white-space:nowrap">LEVERAGE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:2784.76px;letter-spacing:-1.64px;white-space:nowrap">STRATEGY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:3632.27px;white-space:nowrap">ON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:-2.24px;left:3940.26px;white-space:nowrap">PERFORMANCE</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:0px;white-space:nowrap">One
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:355.84px;white-space:nowrap">important
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:1099.03px;white-space:nowrap">factor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:1552.14px;white-space:nowrap">impacting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:2307.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:2583px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:3121.88px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:3308.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:3584.11px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:4102.99px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:4775.94px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:5267.93px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:5830.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:6023.12px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:6390.16px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:7317.5px;white-space:nowrap">benchmarks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:8221.49px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:8532.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:8808.21px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:9327.08px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:9617.64px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:335.04px;left:9804.36px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:0px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:607.35px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:974.39px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:1620.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:1807.34px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:2515.17px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:3007.17px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:3528.6px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:4423.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:4595.15px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:5143.3px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:5729.85px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:6052.57px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:6804.88px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:7258.31px;letter-spacing:-0.58px;white-space:nowrap">represent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:7978.15px;white-space:nowrap">leveraged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:8736.7px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:9631.41px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:527.04px;left:9803.25px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:0px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:536.47px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:850.71px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:1327.99px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:1618.55px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:2279.34px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:2916.78px;white-space:nowrap">our
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:3198.22px;letter-spacing:-0.64px;white-space:nowrap">research
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:3838.37px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:4123.01px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:4623.96px;white-space:nowrap">that,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:4991.16px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:5349.71px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:5755.47px;white-space:nowrap">leveraging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:6552.42px;letter-spacing:-0.32px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:7210.17px;white-space:nowrap">opportunities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:8211.11px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:8450.95px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:9209.17px;white-space:nowrap">income.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:719.04px;left:9822.77px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:0px;white-space:nowrap">opportunity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:882.54px;white-space:nowrap">arises
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:1326.86px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:1753.74px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:2544.12px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:2934.99px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:3257.71px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:3385.23px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:3794.35px;white-space:nowrap">pays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:4164.9px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:4393.22px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:4597.38px;white-space:nowrap">leveraging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:5394.33px;white-space:nowrap">instruments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:6265.03px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:6531.75px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:6967.1px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:7325.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:7601.18px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:8175.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:8451.09px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:8860.21px;letter-spacing:0.48px;white-space:nowrap">earns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:9289.8px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:9518.12px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:9722.28px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:911.04px;left:10379.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:0px;letter-spacing:0.29px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:752.15px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:1244.14px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:1566.86px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:1702.85px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:1987.49px;white-space:nowrap">bought
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:2553.4px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:2893.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:3169.39px;letter-spacing:-0.32px;white-space:nowrap">proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:3877.71px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:4064.42px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1103.04px;left:4387.14px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:0px;letter-spacing:-1.64px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:708.31px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:998.87px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:1185.59px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:1846.38px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:2139.98px;white-space:nowrap">expose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:2700.29px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:3109.41px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:3782.36px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:4274.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:4466.84px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:5225.06px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:5624.9px;letter-spacing:-1.23px;white-space:nowrap">volatility.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:6291.12px;white-space:nowrap">When
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:6753.52px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:6881.04px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:7290.16px;white-space:nowrap">uses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:7648.88px;white-space:nowrap">leverage,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:8354.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:8629.67px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:9130.79px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1439.04px;left:9803.74px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:0px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:275.19px;white-space:nowrap">experience
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:1107.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:1235.51px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:1795.18px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:2423.49px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:2595.33px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:2962.37px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:3237.88px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:3643.8px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:4064.76px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:4194.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:4470.51px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:5202.34px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:5694.34px;letter-spacing:-0.32px;white-space:nowrap">acquired
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:6361.05px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:6968.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:7243.92px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:7534.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:7721.2px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:8381.99px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:9010.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:9182.14px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:9647.58px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:9931.9px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1631.04px;left:10207.09px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:0px;white-space:nowrap">experience
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:832.79px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:960.31px;letter-spacing:-0.18px;white-space:nowrap">correspondingly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:2157.26px;letter-spacing:-0.41px;white-space:nowrap">larger
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:2613.25px;white-space:nowrap">decline
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:3176.28px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:3348.12px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:3715.16px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:3990.67px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:4396.59px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:4817.55px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:4947.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:5223.3px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:5715.3px;letter-spacing:-0.32px;white-space:nowrap">acquired
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:6382.01px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:6989.36px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:7650.16px;white-space:nowrap">decline
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:8213.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:8385.03px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:8850.47px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:9081.5px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:9374.62px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:9649.81px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1823.04px;left:10079.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:0px;letter-spacing:-0.36px;white-space:nowrap">shares&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:533.6px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:900.63px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:1371.34px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:2328.29px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:2743.16px;white-space:nowrap">variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:3347.47px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2015.04px;left:3706.03px;white-space:nowrap">time.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:175.68px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:856.95px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:1529.9px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:1953.74px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:2522.85px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:2694.69px;letter-spacing:-0.36px;white-space:nowrap">levered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:3269.57px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:3705.24px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:3980.43px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:4605.38px;letter-spacing:-0.32px;white-space:nowrap">decrease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:5293.06px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:5464.9px;white-space:nowrap">comparison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:6342px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:6534.48px;letter-spacing:-0.29px;white-space:nowrap">unlevered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:7287.28px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:7722.95px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:8149.83px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:8940.21px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:9514.6px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2351.04px;left:9905.48px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:314.24px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:942.55px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:1369.43px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:2159.81px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:2734.21px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:3125.08px;letter-spacing:-0.29px;white-space:nowrap">decrease.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:3857.24px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:4032.92px;letter-spacing:-0.41px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:4524.75px;white-space:nowrap">quarters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:5199.94px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:5567.46px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:6228.25px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:6939.77px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:7322.33px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:8021.52px;white-space:nowrap">tracked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:8596.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:8871.75px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:9390.14px;white-space:nowrap">movement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2543.04px;left:10199.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:0px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:790.38px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:1643.65px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:2218.04px;white-space:nowrap">rates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:2653.4px;white-space:nowrap">While
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:3103.63px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:3471.15px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:4131.94px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:4843.46px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:5110.18px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:5610.81px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:5969.37px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:6351.12px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:6697.84px;white-space:nowrap">lows,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:7103.75px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:7764.54px;white-space:nowrap">nevertheless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:8700.85px;white-space:nowrap">continues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:9432.85px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:9625.32px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2735.04px;left:10214.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:0px;white-space:nowrap">opportunity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:882.54px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:1122.38px;letter-spacing:-0.24px;white-space:nowrap">incremental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:1999.33px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:2672.28px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:3096.12px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:3709.71px;white-space:nowrap">particularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:4535.78px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:4894.33px;letter-spacing:-0.49px;white-space:nowrap">longer-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2927.04px;left:5779.76px;white-space:nowrap">periods.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:0px;white-space:nowrap">NAC
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:391.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:705.6px;letter-spacing:-2.96px;white-space:nowrap">NKX&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:1168.15px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:1458.71px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:1645.43px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:2306.22px;white-space:nowrap">detracted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:3043.65px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:3416.92px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:3979.64px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:4936.58px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:5295.14px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:5588.25px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3263.04px;left:6295.92px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:0px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:409.11px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:960.31px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:1227.19px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:1583.03px;white-space:nowrap">,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:1671.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:1947.5px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:2466.38px;letter-spacing:-0.24px;white-space:nowrap">percentages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:3393.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:3580.61px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:4241.4px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:4508.12px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:4703.8px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:5204.76px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:5376.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:5652.11px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3599.04px;left:6737.06px;white-space:nowrap">table.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:186.08px;letter-spacing:-0.19px;white-space:nowrap">Effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:680.79px;letter-spacing:-0.32px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:1210.7px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:1329.9px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:1424.14px;letter-spacing:-1.37px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:1817.09px;letter-spacing:-0.19px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:2312.6px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:2882.67px;letter-spacing:-0.58px;white-space:nowrap">leverage,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:3422.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:3666.49px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:4167.28px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:4456.55px;letter-spacing:-0.09px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:5060.54px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:5570.44px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:5814.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:6026.44px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:6536.34px;letter-spacing:-0.24px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:6923.38px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:7065.13px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:7475.04px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:8053.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:8297.42px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:8623.66px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:9337.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:9477.08px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:9571.32px;letter-spacing:-1.37px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4734.92px;left:9964.27px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:180px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:428.96px;letter-spacing:-0.21px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:919.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:1131.02px;letter-spacing:-1.37px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:1523.98px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:2183.01px;letter-spacing:-0.67px;white-space:nowrap">exposure.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:2754.83px;letter-spacing:-1.05px;white-space:nowrap">Currently,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:3325.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:3537.21px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:4047.12px;letter-spacing:-0.24px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:4434.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:4572.08px;letter-spacing:-0.82px;white-space:nowrap">Tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:4979.58px;white-space:nowrap">Option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:5395.73px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:5723.25px;letter-spacing:-0.32px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:6054.6px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:6488.19px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:6877.46px;white-space:nowrap">holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:7401.29px;letter-spacing:-0.24px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:7606.08px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:8127.03px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:8267.02px;letter-spacing:-0.19px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:8762.54px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:9272.44px;letter-spacing:-0.6px;white-space:nowrap">values,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:9689.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:9829.07px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:4926.92px;left:10328.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:180px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:409.44px;letter-spacing:-0.09px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:1013.42px;letter-spacing:-0.58px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:1553.25px;letter-spacing:-0.09px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:2189.55px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:2699.46px;white-space:nowrap">consists
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:3166.81px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:3308.57px;letter-spacing:-0.19px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:3857.83px;letter-spacing:-0.14px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:4246.15px;letter-spacing:-0.14px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:4636.22px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:4780.05px;letter-spacing:-0.09px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:5443.07px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:5584.83px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:5679.07px;letter-spacing:-1.44px;white-space:nowrap">Fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:6023.06px;white-space:nowrap">Both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:6315.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:6457.29px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:6791.37px;letter-spacing:-0.24px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:6996.16px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:7248.8px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:7390.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:7484.79px;letter-spacing:-1.37px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:7877.74px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:8275.33px;letter-spacing:-0.52px;white-space:nowrap">structure.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:8824.92px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:8925.88px;letter-spacing:-1.44px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:9269.88px;letter-spacing:-0.96px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:9801.87px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:10070.19px;letter-spacing:-0.19px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5118.92px;left:10365.06px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:180px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:320px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:606.55px;letter-spacing:-0.14px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:1030.22px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:1205.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:1299.66px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:1787.81px;letter-spacing:-0.1px;white-space:nowrap">transient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:2312.59px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:2625.39px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:2765.38px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:3411.77px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:3683.28px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:3842.48px;white-space:nowrap">day-to-day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:4453.19px;letter-spacing:-0.48px;white-space:nowrap">operations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:5108.05px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:5644.2px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:5784.19px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:6430.58px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:6702.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:6914.09px;white-space:nowrap">need
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:7228.8px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:7368.8px;letter-spacing:-0.27px;white-space:nowrap">settle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:7701.43px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:8208.94px;letter-spacing:-0.72px;white-space:nowrap">trades.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:8612.61px;white-space:nowrap">Such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:8915.32px;white-space:nowrap">incidental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:9501.55px;letter-spacing:-0.09px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5310.92px;left:10164.57px;letter-spacing:-0.24px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:180px;letter-spacing:-0.21px;white-space:nowrap">excluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:716.79px;letter-spacing:-0.19px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:1011.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:1223.66px;white-space:nowrap">calculation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:1856.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:1998.2px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:2092.44px;letter-spacing:-1.37px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:2485.39px;letter-spacing:-0.19px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:2980.9px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:3490.81px;letter-spacing:-1.1px;white-space:nowrap">ratio.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:3801.52px;letter-spacing:-0.09px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:4437.83px;letter-spacing:-0.11px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:4947.74px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:5066.93px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:5497.49px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:5637.48px;letter-spacing:-0.16px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:5947.24px;letter-spacing:-0.11px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:6478.43px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:6822.1px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:7013.78px;white-space:nowrap">forth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:7310.25px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:7450.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:7662.24px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:8323.19px;letter-spacing:-0.24px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:8883.51px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:9081.1px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:5502.92px;left:9222.86px;letter-spacing:-0.96px;white-space:nowrap">1940.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:5837.64px;left:0px;white-space:nowrap">THE
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:5837.64px;left:355.52px;white-space:nowrap">FUNDS&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:5837.64px;left:998.22px;letter-spacing:-1.88px;white-space:nowrap">REGULATORY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:135px;font-weight:900;position:absolute;top:5837.64px;left:2088.77px;white-space:nowrap">LEVERAGE</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:409.11px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:960.31px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:1227.19px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:1583.03px;white-space:nowrap">,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:1671.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:1947.5px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:2646.53px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:3123.81px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:3506.37px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:4001.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:4315.48px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:5213.07px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:5920.9px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:6412.9px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:6608.58px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:7109.53px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:7281.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:7556.89px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:8641.84px;white-space:nowrap">table.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:9092.07px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6174.92px;left:9314.47px;white-space:nowrap">mentioned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:0px;letter-spacing:-1.47px;white-space:nowrap">previously,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:794.23px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:1185.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:1499.83px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:1882.22px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:2119.34px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:2400.78px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:2691.34px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6366.92px;left:3461.4px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:186.08px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:730.54px;letter-spacing:-0.14px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:1118.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:1260.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:1472.61px;letter-spacing:-0.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:1786.68px;letter-spacing:-0.1px;white-space:nowrap">featuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:2329.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:2423.79px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:2886.5px;letter-spacing:-0.19px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:3131.29px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:3657.84px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:4023.27px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:4198.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:4292.7px;letter-spacing:-0.07px;white-space:nowrap">predetermined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:5167.88px;white-space:nowrap">formula
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:5638.75px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:5782.59px;letter-spacing:-0.27px;white-space:nowrap">spread
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:6189.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:6329.93px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:6499.37px;letter-spacing:-0.16px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:6841.12px;letter-spacing:-0.96px;white-space:nowrap">rate.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:7115.83px;white-space:nowrap">Includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:7618.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:7830.54px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:8386.2px;letter-spacing:-0.14px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:8935.47px;letter-spacing:-0.14px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:9320.9px;letter-spacing:-4px;white-space:nowrap">AMTP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:9678.02px;letter-spacing:-2.4px;white-space:nowrap">iMTP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8615.76px;left:9996.09px;letter-spacing:-0.72px;white-space:nowrap">MFP-VRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:180px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:421.12px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:759.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:899.99px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:1330.05px;letter-spacing:-0.19px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:1607.17px;letter-spacing:-0.8px;white-space:nowrap">Mode,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:1993.56px;letter-spacing:-0.16px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:2368.12px;letter-spacing:-0.4px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:3007.62px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:3242.01px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:3593.85px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:3733.84px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:4262.95px;letter-spacing:-0.09px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:4924.7px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:5106.46px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:8807.76px;left:5519.25px;letter-spacing:-0.6px;white-space:nowrap">details.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:0px;white-space:nowrap">**
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:164.96px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:709.42px;letter-spacing:-0.14px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:1097.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:1239.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:1451.49px;letter-spacing:-0.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:1765.56px;letter-spacing:-0.1px;white-space:nowrap">featuring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:2308.43px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:2771.14px;letter-spacing:-0.19px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:3015.93px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:3596.88px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:3788.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:3952.71px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:4046.95px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:4764.38px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:5116.05px;white-space:nowrap">via
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:5305.48px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:5399.72px;letter-spacing:-0.12px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:5833.31px;letter-spacing:-0.59px;white-space:nowrap">remarketing.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:6580.65px;white-space:nowrap">Includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:7083.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:7295.36px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:7851.02px;letter-spacing:-0.19px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:8400.29px;letter-spacing:-0.14px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:8785.72px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:9124.59px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:9339.79px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:9479.79px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:9909.85px;letter-spacing:-0.19px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9143.76px;left:10186.97px;letter-spacing:-0.8px;white-space:nowrap">Mode,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:180px;letter-spacing:-0.64px;white-space:nowrap">MFP-VRRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:826.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:1070.87px;letter-spacing:-1.06px;white-space:nowrap">MFP-VRDM,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:1758.06px;letter-spacing:-0.16px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:2132.61px;letter-spacing:-0.4px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:2772.12px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:3006.51px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:3358.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:3498.34px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:4027.45px;letter-spacing:-0.09px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:4689.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:4870.95px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:9335.76px;left:5283.75px;letter-spacing:-0.6px;white-space:nowrap">details.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:0px;white-space:nowrap">Refer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:417.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:610.23px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:1084.3px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:1276.78px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:1946.53px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:2793.72px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:3033.56px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:3551.63px;white-space:nowrap">details
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:4063.94px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:4292.26px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:5000.09px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:5492.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:5806.33px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:6188.88px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:6690px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.76px;left:7463.27px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3984px;left:7251.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3984px;left:8260.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3984px;left:9269.6px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3984px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:658.07px;letter-spacing:-0.6px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:4182.12px;left:1331.67px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:7057.13px;white-space:nowrap">40.80%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:8065.13px;white-space:nowrap">41.47%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:9165.93px;white-space:nowrap">0.00%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4184.96px;left:10173.93px;white-space:nowrap">0.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:827.83px;letter-spacing:-0.6px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:4383.08px;left:1501.42px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:7057.13px;white-space:nowrap">40.80%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:8065.13px;white-space:nowrap">39.52%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:9165.93px;white-space:nowrap">0.00%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4385.92px;left:10173.93px;white-space:nowrap">0.00%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6943.88px;left:6716.49px;letter-spacing:-0.75px;white-space:nowrap">Variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6943.88px;left:7399.2px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7135.88px;left:6939.52px;letter-spacing:-1.26px;white-space:nowrap">Preferred*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6751.88px;left:8156.49px;letter-spacing:-0.75px;white-space:nowrap">Variable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6751.88px;left:8839.2px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6943.88px;left:8238.09px;letter-spacing:-0.44px;white-space:nowrap">Remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7135.88px;left:8301.28px;letter-spacing:-1.15px;white-space:nowrap">Preferred**</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7720.84px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7336.84px;left:6691.22px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7336.84px;left:7246.41px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7528.84px;left:6675.69px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7528.84px;left:6864.17px;letter-spacing:-0.13px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7720.84px;left:6912px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7336.84px;left:8131.22px;letter-spacing:-0.41px;white-space:nowrap">Shares
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7336.84px;left:8686.41px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7528.84px;left:8115.69px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7528.84px;left:8304.17px;letter-spacing:-0.13px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7720.84px;left:8352px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7720.84px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7921.8px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7921.8px;left:6736.02px;white-space:nowrap">$729,900,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7921.8px;left:8176.02px;white-space:nowrap">$497,900,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7921.8px;left:9481.63px;white-space:nowrap">$1,227,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8122.76px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8122.76px;left:7483.2px;white-space:nowrap">&#160;&#160;$
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8122.76px;left:7696px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8122.76px;left:8176.02px;white-space:nowrap">$397,100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8122.76px;left:9616.02px;white-space:nowrap">$397,100,000</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">6</div></div> </div>
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.23px;white-space:nowrap">Common
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2314.52px;letter-spacing:-8px;white-space:nowrap">Share
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3826.53px;letter-spacing:-8.73px;white-space:nowrap">Information</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.53px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.162px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:532.80px">

 <div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.68px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:0px;left:0px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:0px;left:1050.79px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:0px;left:1750.98px;white-space:nowrap">DISTRIBUTION
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:0px;left:3176.97px;letter-spacing:-1.67px;white-space:nowrap">INFORMATION</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:353.52px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:1139.92px;letter-spacing:0.27px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:2112.8px;letter-spacing:-0.46px;white-space:nowrap">regarding&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:3252.55px;white-space:nowrap">Funds&#39;&#160;distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:4875.41px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:5045.33px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:5658.4px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:5878.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:6088.59px;letter-spacing:0px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:6708.69px;letter-spacing:0px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:7008.93px;white-space:nowrap">2023.&#160;&#160;Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:7996.4px;letter-spacing:0px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:8580.14px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:9542.58px;letter-spacing:0px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:411.12px;left:10042.61px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:0px;white-space:nowrap">vary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:376.73px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:780.11px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:1186.54px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:1726.72px;white-space:nowrap">on&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:2413.95px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:2997.69px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:3927.56px;white-space:nowrap">activity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:4537.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:4890.73px;letter-spacing:0px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:5630.15px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:6560.02px;letter-spacing:0px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:627.12px;left:7033.59px;letter-spacing:0px;white-space:nowrap">changes.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:596.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:906.47px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:1519.54px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:2315.67px;white-space:nowrap">period,&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:3375.86px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:3959.6px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:4998.72px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:5215.25px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:5972.32px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:7045.65px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:7482.33px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:7702.47px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:8266.04px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:8459.36px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:8769.31px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1023.12px;left:9989.88px;letter-spacing:0px;white-space:nowrap">table.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:0px;white-space:nowrap">Each
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:437.04px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:897.29px;white-space:nowrap">seeks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:1387.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:1604.15px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:1944.34px;letter-spacing:-0.4px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:2557.42px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:3257.43px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:4087.4px;white-space:nowrap">out
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:4404.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:4614.07px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:4843.74px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:5153.7px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:6083.57px;letter-spacing:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:6723.82px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:6927.04px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:7070.5px;letter-spacing:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:7433.55px;letter-spacing:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:7796.61px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:8423.18px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:8652.85px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:9042.73px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5908.97px;left:9396.25px;letter-spacing:-0.32px;white-space:nowrap">projected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:309.96px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:950.21px;letter-spacing:0.25px;white-space:nowrap">performance.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:2076.81px;letter-spacing:-6.66px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:2316.93px;letter-spacing:0.46px;white-space:nowrap">permit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:2896.34px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:3326.72px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:3786.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:4003.51px;white-space:nowrap">maintain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:4740.06px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:4883.52px;letter-spacing:-0.65px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:5350.26px;white-space:nowrap">stable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:5883.41px;letter-spacing:0px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:6583.42px;letter-spacing:0px;white-space:nowrap">dividend,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:7386.75px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:7696.71px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:8156.97px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:8540.54px;letter-spacing:0px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:8880.74px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:9710.71px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:9913.93px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6124.97px;left:10057.39px;letter-spacing:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:363.05px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:746.63px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:1006.73px;letter-spacing:-0.65px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:1473.46px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:1690px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:2036.68px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:2440.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:2750.01px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:3413.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:3623.54px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:3933.5px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:4573.75px;white-space:nowrap">actually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:5230.38px;letter-spacing:0.46px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:5847.05px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:6093.83px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:6403.79px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:6864.05px;letter-spacing:0px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:7437.16px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:7747.12px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:8376.93px;letter-spacing:0px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:9439.45px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6340.97px;left:9655.98px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:0px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:1073.33px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:1373.39px;letter-spacing:0.29px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:2363.01px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:2619.87px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:2763.33px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:3053.31px;white-space:nowrap">basis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:3553.34px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:4063.46px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:4447.03px;letter-spacing:-0.46px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:4913.4px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:5333.34px;letter-spacing:0px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:6073.49px;letter-spacing:-0.72px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:6850.18px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:7043.5px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:7353.46px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:8290.35px;letter-spacing:-0.72px;white-space:nowrap">records.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:8983.7px;letter-spacing:0px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:9181.34px;white-space:nowrap">instances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6556.97px;left:9968.11px;letter-spacing:-0.54px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:309.96px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:1009.97px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:1763.26px;white-space:nowrap">exceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:2473.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:2783.67px;letter-spacing:0.46px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:3400.35px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:3710.3px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:4640.17px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:5330.47px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:5640.42px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:6100.68px;letter-spacing:0px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:6640.67px;letter-spacing:-0.46px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:7183.54px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:7327px;white-space:nowrap">negative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:8070.39px;letter-spacing:0px;white-space:nowrap">undistributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:9193.04px;letter-spacing:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6772.97px;left:9503px;letter-spacing:-0.36px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:0px;white-space:nowrap">income.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:690.29px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:1160.27px;white-space:nowrap">to&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:1686.76px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:2220.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:2436.63px;white-space:nowrap">Financial&#160;Statements&#160;for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:4413px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:5266.01px;letter-spacing:0.27px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:6238.89px;letter-spacing:-0.65px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:7068.68px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:7378.64px;letter-spacing:0px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:8118.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:8328.85px;letter-spacing:0px;white-space:nowrap">undistributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:9451.49px;letter-spacing:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:6988.97px;left:9761.45px;letter-spacing:-0.36px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:640.25px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:993.77px;white-space:nowrap">undistributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:2116.41px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:2426.37px;letter-spacing:0.32px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:3272.54px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:3852.31px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:4325.7px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:4679.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:4989.18px;letter-spacing:0px;white-space:nowrap">character
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:5779.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:5989.06px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:6299.02px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:6825.69px;letter-spacing:0px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:7864.81px;letter-spacing:0px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:8271.43px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:8518.21px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:8828.16px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:9288.42px;letter-spacing:0px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7204.97px;left:9861.53px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7420.97px;left:0px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:0px;white-space:nowrap">All
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:259.91px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:959.92px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:1789.9px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:2196.51px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:2443.29px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:2873.67px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:3333.92px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:3907.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:4216.99px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:4830.07px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:5626.19px;letter-spacing:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:6205.96px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:6642.64px;letter-spacing:0px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:7049.26px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:7469.19px;letter-spacing:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:7779.15px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:8709.02px;letter-spacing:0px;white-space:nowrap">income.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:9399.31px;letter-spacing:0px;white-space:nowrap">If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:9550.15px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:9693.61px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:7816.97px;left:10329.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:309.96px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:873.72px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:1573.73px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:2612.85px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:2782.76px;letter-spacing:-0.4px;white-space:nowrap">sourced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:3469.64px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:3686.17px;white-space:nowrap">comprised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:4582.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:4792.79px;letter-spacing:0px;white-space:nowrap">elements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:5576.15px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:6052.6px;letter-spacing:0px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:6455.98px;letter-spacing:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:6765.93px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:7695.8px;letter-spacing:0px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:8386.09px;letter-spacing:0px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:9172.69px;letter-spacing:0px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:9752.46px;letter-spacing:0px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8032.97px;left:10225.85px;letter-spacing:0px;white-space:nowrap">and/</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:0px;white-space:nowrap">or
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:216.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:359.99px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:889.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:1099.6px;white-space:nowrap">capital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:1729.41px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:2802.74px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:3112.33px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:3372.43px;text-rendering:optimizeLegibility;white-space:nowrap">notified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:4038.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:4249.02px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:4742.39px;letter-spacing:-0.36px;white-space:nowrap">sources.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:5446.01px;letter-spacing:0px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:5762.62px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:6469.47px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:7265.6px;letter-spacing:0px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:8105.65px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:8415.61px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:8735.46px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:9212.28px;letter-spacing:0px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:9952.43px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8248.97px;left:10162.49px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:0px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:563.76px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:1602.88px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:1872.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:2182.65px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:2978.78px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:3558.55px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:3858.6px;letter-spacing:-0.32px;white-space:nowrap">presented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:4721.88px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:4915.2px;letter-spacing:0px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:5244.95px;letter-spacing:-2.58px;white-space:nowrap">report&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:5891.32px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:6644.79px;letter-spacing:0px;white-space:nowrap">Highlights.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:7560.98px;letter-spacing:0px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:7877.59px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:8517.85px;letter-spacing:0px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:8807.82px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8464.97px;left:9647.87px;letter-spacing:0px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:0px;letter-spacing:0.27px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:972.88px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:1242.69px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:1673.07px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:2133.33px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:2353.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:2563.53px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:2793.2px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:3239.77px;letter-spacing:-0.46px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:3793.09px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:4083.06px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:4473.12px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:4833.3px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:5003.22px;letter-spacing:-0.32px;white-space:nowrap">presented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:5866.49px;letter-spacing:0px;white-space:nowrap">in&#160;the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:6369.76px;letter-spacing:0px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:6903.1px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:7119.63px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:7873.1px;letter-spacing:0px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:8826.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:9036.25px;letter-spacing:0px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:8680.97px;left:9366px;letter-spacing:-0.46px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9085.85px;left:0px;white-space:nowrap">NUVEEN
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9085.85px;left:885.19px;white-space:nowrap">CLOSED-END
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9085.85px;left:2226.18px;white-space:nowrap">FUND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9085.85px;left:2844.77px;white-space:nowrap">DISTRIBUTION
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9085.85px;left:4270.76px;white-space:nowrap">AMOUNTS</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:353.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:1030.68px;white-space:nowrap">Closed-End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:2020.84px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:2604.58px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:3304.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:3658.11px;white-space:nowrap">quarterly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:4420.94px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:5130.66px;letter-spacing:0px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:6169.78px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:6386.32px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:7459.65px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:7759.71px;letter-spacing:0px;white-space:nowrap">posted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:8372.96px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9496.97px;left:8629.82px;letter-spacing:-0.66px;white-space:nowrap">www.nuveen.com
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:353.52px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:683.82px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:943.92px;white-space:nowrap">found
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:1464.11px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:1720.97px;letter-spacing:-2.22px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:2501.63px;white-space:nowrap">enhanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:3342.22px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:4285.77px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:4699.23px;letter-spacing:-0.72px;white-space:nowrap">resource
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:5432.72px;white-space:nowrap">page,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:5946.26px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:6456.37px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:6626.29px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9712.97px;left:6829.51px;letter-spacing:-0.67px;white-space:nowrap">https://www.nuveen.com/resource-center-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:0px;white-space:nowrap">closed-end-funds,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:1493.62px;white-space:nowrap">along
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:1997.08px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:2380.11px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:2856.56px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:3533.72px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:4477.27px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:4890.73px;letter-spacing:-0.4px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:5570.58px;letter-spacing:0px;white-space:nowrap">updates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:6320.63px;letter-spacing:-6.66px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:6560.75px;letter-spacing:-0.46px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:7144.31px;letter-spacing:0px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:7680.7px;letter-spacing:0px;white-space:nowrap">access
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:8251.11px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:8467.65px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:8777.61px;letter-spacing:0px;white-space:nowrap">latest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:9928.97px;left:9260.54px;letter-spacing:0.25px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:0px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:1073.33px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:1456.91px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:1783.78px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:1927.24px;white-space:nowrap">subscribe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:2740.47px;white-space:nowrap">function,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:3490.52px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:4000.64px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:4330.94px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:4591.04px;letter-spacing:0px;white-space:nowrap">activated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:5374.2px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:5577.42px;letter-spacing:0px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:5907.18px;white-space:nowrap">web
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:6297.23px;letter-spacing:0px;white-space:nowrap">page
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10144.97px;left:6760.73px;letter-spacing:-0.25px;white-space:nowrap">(https://www.nuveen.com/subscriptions).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:10549.85px;left:0px;white-space:nowrap">COMMON
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:10549.85px;left:1050.79px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:10549.85px;left:1750.98px;white-space:nowrap">EQUITY
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:0px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:596.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:906.47px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:1519.54px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:2315.67px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:2945.48px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:3375.68px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:3812.35px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:4712.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:4958.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:5268.9px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:6088.61px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:6442.13px;letter-spacing:0px;white-space:nowrap">Exchange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:7276.06px;letter-spacing:0px;white-space:nowrap">Commission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:8312.84px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:8529.38px;white-space:nowrap">issue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:8976.14px;letter-spacing:0px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:10960.97px;left:9829.14px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:0px;letter-spacing:-0.46px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:553.5px;letter-spacing:-0.4px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:1236.77px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:1480.31px;white-space:nowrap">equity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:2030.2px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:2453.56px;letter-spacing:-0.4px;white-space:nowrap">program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:3193.35px;white-space:nowrap">(Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:3686.9px;letter-spacing:-0.29px;white-space:nowrap">Offering).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:4500.31px;white-space:nowrap">Under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:5043.73px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:5530.44px;letter-spacing:-0.32px;white-space:nowrap">programs,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:6396.95px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:6706.91px;letter-spacing:0px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:7293.89px;letter-spacing:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:7920.46px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:8136.99px;letter-spacing:0px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:8740.16px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11176.97px;left:9673.45px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:0px;white-space:nowrap">raise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:423.17px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:1276.18px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:1855.95px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:2275.88px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:2682.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:2898.85px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:3305.29px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:3498.6px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:4128.6px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:4868.75px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:5222.27px;letter-spacing:-0.36px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:5895.46px;letter-spacing:0px;white-space:nowrap">methods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:6652.17px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:6855.38px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:6998.84px;letter-spacing:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:7308.8px;letter-spacing:0px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:7758.61px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:7961.83px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:8178.37px;letter-spacing:0px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:8725.38px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:9155.76px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:9719.52px;letter-spacing:-2.25px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11392.97px;left:10134.06px;letter-spacing:0px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:757.07px;letter-spacing:-0.46px;white-space:nowrap">share.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:1283.93px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:1637.45px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:2471.02px;letter-spacing:-0.32px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:3354.27px;letter-spacing:-0.36px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:4027.46px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:4547.47px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:5034.19px;letter-spacing:0px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:5480.95px;letter-spacing:-0.32px;white-space:nowrap">Offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:6274.2px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:6574.26px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:6794.4px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:7357.97px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:7551.29px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:7861.25px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:11608.97px;left:9081.81px;letter-spacing:0px;white-space:nowrap">table.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1512.97px;left:7216.57px;letter-spacing:-2px;white-space:nowrap">Per
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1512.97px;left:7509.69px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1512.97px;left:8255.6px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1512.97px;left:8732.4px;white-space:nowrap">Amounts</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:0px;white-space:nowrap">Monthly
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:689.11px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:1731.81px;letter-spacing:-0.15px;white-space:nowrap">(Ex-Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:2782.68px;letter-spacing:-0.32px;white-space:nowrap">Date)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:6819.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:7972.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:9125.6px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1713.92px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1919.88px;left:0px;letter-spacing:-0.58px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1919.88px;left:6572.81px;white-space:nowrap">$0.0360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1919.88px;left:7724.81px;white-space:nowrap">$0.0415
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1919.88px;left:8876.81px;white-space:nowrap">$0.0290</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1919.88px;left:10028.81px;white-space:nowrap">$0.0435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2120.84px;left:0px;white-space:nowrap">April</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2120.84px;left:6665.61px;white-space:nowrap">0.0360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2120.84px;left:7817.61px;white-space:nowrap">0.0415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2120.84px;left:8969.61px;white-space:nowrap">0.0290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2120.84px;left:10121.61px;white-space:nowrap">0.0435</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2321.8px;left:0px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2321.8px;left:6665.61px;white-space:nowrap">0.0360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2321.8px;left:7817.61px;white-space:nowrap">0.0415
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2321.8px;left:8969.61px;white-space:nowrap">0.0290</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2321.8px;left:10121.61px;white-space:nowrap">0.0435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2522.76px;left:0px;white-space:nowrap">June</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2522.76px;left:6665.61px;white-space:nowrap">0.0360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2522.76px;left:7817.61px;white-space:nowrap">0.0415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2522.76px;left:8969.61px;white-space:nowrap">0.0290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2522.76px;left:10121.61px;white-space:nowrap">0.0435</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2723.72px;left:0px;white-space:nowrap">July
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2723.72px;left:6665.61px;white-space:nowrap">0.0360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2723.72px;left:7817.61px;white-space:nowrap">0.0415
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2723.72px;left:8969.61px;white-space:nowrap">0.0290</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2723.72px;left:10121.61px;white-space:nowrap">0.0435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2924.68px;left:0px;white-space:nowrap">August</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2924.68px;left:6665.61px;white-space:nowrap">0.0360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2924.68px;left:7817.61px;white-space:nowrap">0.0415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2924.68px;left:8969.61px;white-space:nowrap">0.0290
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2924.68px;left:10121.61px;white-space:nowrap">0.0435</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:0px;letter-spacing:-2.56px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:416.47px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:1459.18px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:1866.86px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:2188.13px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3125.64px;left:3099.96px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3125.64px;left:6572.81px;white-space:nowrap">$0.2160
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3125.64px;left:7724.81px;white-space:nowrap">$0.2490</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3125.64px;left:8876.81px;white-space:nowrap">$0.1740
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3125.64px;left:10028.81px;white-space:nowrap">$0.2610</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3666.33px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3681.45px;left:6863.62px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3681.45px;left:8016.32px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3681.45px;left:9169.3px;letter-spacing:-1.4px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3681.45px;left:10324.94px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:541.91px;letter-spacing:-0.77px;white-space:nowrap">Yield</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:3869.45px;left:908.15px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:6717.93px;white-space:nowrap">4.15%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:7869.93px;white-space:nowrap">4.50%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:9021.93px;white-space:nowrap">3.95%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3872.29px;left:10173.93px;white-space:nowrap">4.06%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:0px;letter-spacing:-0.81px;white-space:nowrap">Taxable-Equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:1413.59px;letter-spacing:-0.77px;white-space:nowrap">Yield</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;position:absolute;top:4070.41px;left:1779.82px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:6717.93px;white-space:nowrap">9.04%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:7869.93px;white-space:nowrap">9.80%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:9021.93px;white-space:nowrap">8.61%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4073.25px;left:10173.93px;white-space:nowrap">8.85%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:4356.72px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:288px;letter-spacing:-0.36px;white-space:nowrap">Market
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:762.17px;letter-spacing:-0.56px;white-space:nowrap">Yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:1117.63px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:1249.79px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:1680.15px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:1882.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:2123.1px;letter-spacing:-1.8px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:2569.27px;letter-spacing:-0.31px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:3059.69px;white-space:nowrap">annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:3789.64px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:4344.73px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:5112.62px;letter-spacing:0px;white-space:nowrap">divided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:5633.55px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:5826.05px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:6067.13px;letter-spacing:-1.8px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:6513.3px;letter-spacing:-0.31px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:7003.72px;letter-spacing:-0.36px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:7480.83px;letter-spacing:0px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:7840.21px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:8012.12px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:8177.32px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:8418.39px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:8703.99px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:8869.19px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:9110.26px;letter-spacing:-0.42px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4359.21px;left:9745.58px;letter-spacing:-0.53px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:288px;letter-spacing:-0.71px;white-space:nowrap">Taxable-Equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:1524.89px;letter-spacing:-0.56px;white-space:nowrap">Yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:1880.35px;letter-spacing:-0.46px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:2590.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:2831.35px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:3174.21px;letter-spacing:-0.28px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:3452.94px;white-space:nowrap">must
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:3799.44px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:4003.69px;letter-spacing:-0.12px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:4493.69px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:4695.56px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:4805.32px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:5101.84px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:5603.04px;letter-spacing:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:6338.72px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:6490.06px;letter-spacing:-0.42px;white-space:nowrap">order
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:6878.14px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:7043.05px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:7438.41px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:7679.49px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:8022.34px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:8187.54px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:8428.61px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:8788.27px;letter-spacing:0px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:8990.15px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:9181.25px;letter-spacing:-0.5px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:9733.82px;letter-spacing:-0.6px;white-space:nowrap">basis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:10124.28px;letter-spacing:0px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4527.21px;left:10240.05px;letter-spacing:0px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:288px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:718.35px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:920.23px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:1029.99px;white-space:nowrap">combined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:1718.93px;letter-spacing:-0.21px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:2203.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:2483.6px;letter-spacing:-0.23px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:2822.95px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:3333.53px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:3555.42px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:3836.96px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:4002.16px;letter-spacing:-0.6px;white-space:nowrap">54.1%.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:4462.61px;letter-spacing:-2.52px;white-space:nowrap">Your
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:4786.57px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:5202.08px;white-space:nowrap">combined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:5891.02px;letter-spacing:-0.21px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:6375.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:6655.69px;letter-spacing:-0.23px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:6995.04px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:7505.62px;letter-spacing:0px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:7727.51px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:8009.05px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:8310.75px;letter-spacing:-0.36px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:8680.49px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:9013.82px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:9254.9px;letter-spacing:0px;white-space:nowrap">assumed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:9863.19px;letter-spacing:-1.21px;white-space:nowrap">rate.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4695.21px;left:10173.57px;letter-spacing:-0.63px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:288px;letter-spacing:-0.71px;white-space:nowrap">Taxable-Equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:1524.89px;letter-spacing:-0.56px;white-space:nowrap">Yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:1880.35px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:2173.08px;letter-spacing:-0.42px;white-space:nowrap">takes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:2538.34px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:2819.59px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:3361.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:3603.02px;letter-spacing:-0.23px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:4373.99px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:4539.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:4780.27px;letter-spacing:-1.8px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:5226.44px;letter-spacing:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:5737.02px;letter-spacing:-0.31px;white-space:nowrap">generated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:6437.71px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:6717.99px;letter-spacing:0px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:7040.82px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:7233.32px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:7474.4px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:7834.05px;letter-spacing:0px;white-space:nowrap">(based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:8306.41px;letter-spacing:0px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:8508.29px;letter-spacing:0px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:9166.84px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:9569.47px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.21px;left:10030.21px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:288px;letter-spacing:-0.28px;white-space:nowrap">previous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:872.21px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:1463.01px;letter-spacing:-0.14px;white-space:nowrap">year)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:1812.72px;letter-spacing:-0.28px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:2091.45px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:2367.81px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:2774.36px;letter-spacing:-0.24px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:3292.5px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:3625.83px;letter-spacing:-0.21px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:4110.23px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:4620.81px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:4842.7px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:5092.6px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:5338.85px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:5672.19px;letter-spacing:-0.23px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:6011.54px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:6522.12px;letter-spacing:0px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:6744.02px;letter-spacing:-0.6px;white-space:nowrap">(e.g.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:7094.57px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:7605.15px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:7938.48px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:8129.58px;letter-spacing:-0.11px;white-space:nowrap">out-of-state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:8896.63px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:9556.86px;letter-spacing:-0.6px;white-space:nowrap">bond),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:10011.3px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5031.21px;left:10182.24px;letter-spacing:0px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:288px;letter-spacing:-0.24px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:806.13px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:1139.47px;white-space:nowrap">neither
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:1627.36px;letter-spacing:-0.21px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:2111.76px;white-space:nowrap">nor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:2364.03px;letter-spacing:-0.23px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:2703.39px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:3213.96px;letter-spacing:-0.84px;white-space:nowrap">tax.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:3468.06px;letter-spacing:-1.03px;white-space:nowrap">Separately,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:4203.05px;letter-spacing:1.12px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:4317.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:4558.78px;white-space:nowrap">comparison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:5351.03px;letter-spacing:-0.5px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:5698.51px;letter-spacing:-0.1px;white-space:nowrap">instead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:6199.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:6364.48px;letter-spacing:0px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:7162.33px;letter-spacing:-0.28px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:7441.06px;letter-spacing:-0.34px;white-space:nowrap">generate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:8052.57px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:8648.27px;letter-spacing:0px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:9250.54px;letter-spacing:-0.52px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:9793.32px;letter-spacing:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5199.21px;left:10200.99px;letter-spacing:0px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:288px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:789.19px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:941.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:1051.69px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:1333.23px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:1723.96px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:2041.06px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:2232.16px;letter-spacing:-0.52px;white-space:nowrap">individual&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:2978.07px;letter-spacing:-0.28px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:3545.48px;letter-spacing:-0.31px;white-space:nowrap">graduated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:4249.95px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:4471.85px;letter-spacing:-1.21px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:4785.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:5026.66px;letter-spacing:-0.96px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:5437.98px;letter-spacing:-0.71px;white-space:nowrap">Taxable-Equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:6674.86px;letter-spacing:-0.56px;white-space:nowrap">Yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:7030.32px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:7461.1px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5367.21px;left:7665.35px;letter-spacing:-1.82px;white-space:nowrap">lower.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10544.32px;white-space:nowrap">7</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:692.03px;left:0px;position:absolute;top:0px;transform:translate(36.000px,56.661px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13765.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.74px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:0px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:469.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:686.51px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:1219.84px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:1436.38px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:2189.85px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:3142.94px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:3412.75px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:3995.58px;white-space:nowrap">details
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:4571.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:4781.99px;letter-spacing:0px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:5228.75px;letter-spacing:-0.32px;white-space:nowrap">Offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:6022px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:6375.51px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:6805.89px;letter-spacing:-2.85px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:7369.65px;letter-spacing:-0.29px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1161.09px;left:8239.58px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1565.97px;left:0px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1565.97px;left:1050.79px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1565.97px;left:1750.98px;white-space:nowrap">REPURCHASES</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:353.52px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:937.25px;letter-spacing:-0.54px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:1467.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:1677.4px;letter-spacing:-1.84px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:2387.32px;letter-spacing:-0.25px;white-space:nowrap">reauthorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:3443.72px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:3687.26px;white-space:nowrap">open-market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:4767.25px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:5244.07px;letter-spacing:-0.59px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:6174.3px;letter-spacing:-0.36px;white-space:nowrap">program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:6964.13px;letter-spacing:0px;white-space:nowrap">allowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:7683.94px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:8114.32px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:8574.57px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:8791.11px;letter-spacing:-0.59px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:9721.34px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:1977.09px;left:10074.86px;letter-spacing:-0.93px;white-space:nowrap">retire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:243.54px;letter-spacing:-0.32px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:1126.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:1336.85px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:1596.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:1813.48px;letter-spacing:-0.23px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:3006.68px;white-space:nowrap">10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:3406.82px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:3616.88px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:3846.55px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:4856.34px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2193.09px;left:5613.41px;letter-spacing:-0.46px;white-space:nowrap">shares.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:596.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:906.47px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:1519.54px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:2315.67px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:2945.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:3255.44px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:3792.38px;white-space:nowrap">did
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:4105.57px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:4422.19px;letter-spacing:-0.59px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:5352.42px;letter-spacing:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:5682.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:5892.78px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:6305.69px;letter-spacing:0px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:7315.47px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:8072.55px;letter-spacing:-0.4px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:8676.08px;letter-spacing:0px;white-space:nowrap">&#160;As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:8976.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:9186.37px;letter-spacing:0px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:9806.47px;letter-spacing:0px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2589.09px;left:10106.71px;letter-spacing:0px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:0px;white-space:nowrap">(and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:400.32px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:857.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:1167.11px;white-space:nowrap">inception
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:1967.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:2177.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:2487.03px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:3070.77px;letter-spacing:-0.59px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:4001px;letter-spacing:-0.29px;white-space:nowrap">programs),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:4914.31px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:5344.69px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:5804.95px;letter-spacing:0px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:6125.17px;white-space:nowrap">cumulatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:7171.85px;letter-spacing:-0.54px;white-space:nowrap">repurchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:8212.07px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:8565.58px;letter-spacing:-0.81px;white-space:nowrap">retired
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:9141.76px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:2805.09px;left:9371.43px;letter-spacing:0px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:757.07px;letter-spacing:-0.46px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:1310.57px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:1530.71px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:2094.28px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:2287.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:2597.56px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:3021.09px;left:3818.12px;white-space:nowrap">table.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4444.88px;left:0px;white-space:nowrap">OTHER
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4444.88px;left:729.39px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4444.88px;left:1780.18px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4444.88px;left:2480.37px;letter-spacing:-1.67px;white-space:nowrap">INFORMATION</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:250.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:460.25px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:1080.35px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:1380.59px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:1880.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:2190.94px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:2774.68px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:3531.75px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:4008.57px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:4535.06px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:4971.74px;letter-spacing:0px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:5597.95px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:5801.16px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:5944.62px;letter-spacing:-0.17px;white-space:nowrap">premium/(discount)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:7554.7px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:7771.24px;letter-spacing:0px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:8184.15px;letter-spacing:0px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:8941.22px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:9418.04px;letter-spacing:-1.8px;white-space:nowrap">NAVs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:4856px;left:9909.26px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:0px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:626.21px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:829.43px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:1072.97px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:1766.5px;letter-spacing:-0.17px;white-space:nowrap">premium/(discount)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:3376.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:3593.11px;letter-spacing:-2.25px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:4007.65px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:4580.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:4890.72px;letter-spacing:-0.4px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:5503.8px;letter-spacing:-0.32px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:6299.92px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:6929.73px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:5072px;left:7149.87px;letter-spacing:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:78.65px;left:10150.56px;letter-spacing:-1.35px;white-space:nowrap">NXC*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:348.49px;left:0px;white-space:nowrap">Maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:348.49px;left:760.15px;letter-spacing:-0.45px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:348.49px;left:1561.26px;letter-spacing:-0.36px;white-space:nowrap">offering</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:348.49px;left:9894.42px;white-space:nowrap">1,300,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:0px;white-space:nowrap">*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:547.2px;letter-spacing:-0.33px;white-space:nowrap">Represents
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:1185.11px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:1767.46px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:2383.89px;letter-spacing:-0.31px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:2764.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:2946.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:3152.72px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:3548.36px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:3968.95px;letter-spacing:-1.2px;white-space:nowrap">4,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:4096.15px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:4404.54px;letter-spacing:-0.27px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:4870.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:5290.85px;letter-spacing:-0.9px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:634.45px;left:5487.65px;letter-spacing:-0.72px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3510.94px;left:6531.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3510.94px;left:7684.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3510.94px;left:8981.6px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3510.94px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:724.31px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:1231.35px;letter-spacing:-0.12px;white-space:nowrap">cumulatively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:2181.42px;letter-spacing:-0.48px;white-space:nowrap">repurchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:3140.12px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:3460.44px;letter-spacing:-0.82px;white-space:nowrap">retired</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:6284.81px;white-space:nowrap">370,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:7436.81px;white-space:nowrap">230,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:9280px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3765.67px;left:10576px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:724.31px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:1231.35px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:2053.25px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:2295.81px;letter-spacing:-0.58px;white-space:nowrap">repurchase</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:6057.62px;white-space:nowrap">14,470,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:7302.42px;white-space:nowrap">4,750,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:8598.42px;white-space:nowrap">3,310,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4020.39px;left:10028.81px;white-space:nowrap">635,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5816.57px;left:6819.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5816.57px;left:7972.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5816.57px;left:9125.6px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5816.57px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:724.31px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:1160.31px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:6665.61px;white-space:nowrap">$12.31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:7817.61px;white-space:nowrap">$12.79</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:9062.41px;white-space:nowrap">$9.13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6022.53px;left:10121.61px;white-space:nowrap">$13.60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:724.31px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:1160.31px;white-space:nowrap">price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:6665.61px;white-space:nowrap">$10.40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:7817.61px;white-space:nowrap">$11.06</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:9062.41px;white-space:nowrap">$8.81
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6223.49px;left:10121.61px;white-space:nowrap">$12.85</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:0px;letter-spacing:-0.56px;white-space:nowrap">Premium/(Discount)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:1488.62px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:1677.1px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:6529.13px;white-space:nowrap">(15.52)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:7681.13px;white-space:nowrap">(13.53)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:8925.93px;white-space:nowrap">(3.50)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6424.45px;left:10077.93px;white-space:nowrap">(5.51)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Average
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:654.39px;letter-spacing:-0.15px;white-space:nowrap">premium/(discount)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:2140.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:2328.77px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:6529.13px;white-space:nowrap">(14.69)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:7681.13px;white-space:nowrap">(12.96)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:8925.93px;white-space:nowrap">(6.30)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6625.41px;left:10077.93px;white-space:nowrap">(4.30)%</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">8</div></div> </div>
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8px;white-space:nowrap">About
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1558.88px;letter-spacing:-7.2px;white-space:nowrap">the
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2433.84px;letter-spacing:-8.23px;white-space:nowrap">Funds&#8217;
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4160.08px;letter-spacing:-8.64px;white-space:nowrap">Benchmarks</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:636.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.952px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.89px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:444.39px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:1404.18px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:1955.77px;letter-spacing:0.33px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:2911.35px;white-space:nowrap">Index:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:3548.33px;white-space:nowrap">An
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:3821.93px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:4312.07px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:5112.16px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:5328.7px;letter-spacing:-0.4px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:6058.95px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:6368.91px;letter-spacing:0.27px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:7445.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:7655.53px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:7965.49px;letter-spacing:0px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:8925.41px;letter-spacing:0.29px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:9741.7px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:0px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:476.81px;white-space:nowrap">market.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:1130.03px;white-space:nowrap">Index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:1624.48px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:2230.71px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:2881.05px;letter-spacing:-0.25px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:3967.52px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:4177.57px;white-space:nowrap">distributions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:5266.73px;letter-spacing:0px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:5586.59px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:5853.34px;letter-spacing:0px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:6169.96px;letter-spacing:-0.4px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:6719.67px;letter-spacing:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:7049.97px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:7933.22px;letter-spacing:0px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:8373.31px;letter-spacing:-0.4px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:9046.87px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:9263.41px;letter-spacing:0px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:0px;white-space:nowrap">fees.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:909.2px;left:0px;white-space:nowrap">S&amp;P
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:909.2px;left:444.39px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:909.2px;left:1404.18px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:909.2px;left:1955.77px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:2474.36px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:2574.44px;white-space:nowrap">An
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:2848.04px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:3338.17px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:4138.27px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:4354.8px;letter-spacing:-0.4px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:5085.06px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:5395.01px;letter-spacing:0.27px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:6471.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:6681.63px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:6991.59px;letter-spacing:0px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:7951.52px;letter-spacing:0px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:8325.2px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:9148.51px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:929.88px;left:9625.32px;white-space:nowrap">market.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:0px;white-space:nowrap">Index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:494.46px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:1100.69px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:1751.02px;letter-spacing:-0.25px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:2837.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:3047.55px;white-space:nowrap">distributions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:4136.71px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:4456.56px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:4723.32px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:5039.93px;letter-spacing:-0.4px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:5589.65px;letter-spacing:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:5919.94px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:6803.19px;letter-spacing:0px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:7243.29px;letter-spacing:-0.4px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:7916.84px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:8133.38px;letter-spacing:0px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1145.88px;left:9247.03px;letter-spacing:0px;white-space:nowrap">fees.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:67.30px;left:0px;position:absolute;top:0px;transform:translate(131.040px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:436.32px">
<div style="width:8726.4px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;letter-spacing:-6.17px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-6.55px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3333.99px;letter-spacing:-6.3px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4717.62px;letter-spacing:-6.48px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6618.42px;letter-spacing:-5.14px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:0px;letter-spacing:-4.4px;white-space:nowrap">Performance
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:1622.4px;letter-spacing:-4.27px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:2800.29px;letter-spacing:-3.6px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:3309.73px;letter-spacing:-4.27px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:4452.82px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:5884.31px;letter-spacing:-4.11px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:6775.32px;letter-spacing:-3.6px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:7163.23px;letter-spacing:-3.6px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10544.32px;white-space:nowrap">9</div></div> </div>
<div style="height:77.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,26.696px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:95.04px">
<div style="width:1900.8px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.7px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:560px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-14.93px;white-space:nowrap">NAC</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.372px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:533.00px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.64px) rotate(0deg) scale(0.05)">
<div style="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5724.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:533.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:0px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:522.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:762.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1107.18px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1921.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2155.37px;letter-spacing:-3.1px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2740.36px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3251.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3466.55px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3832.95px;white-space:nowrap">Report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4491.93px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4791.73px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:5439.32px;text-rendering:optimizeLegibility;white-space:nowrap">definition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6339.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6572.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6916.89px;letter-spacing:0.6px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7475.68px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7961.08px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8545.87px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8912.27px;white-space:nowrap">section.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:0px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:582.55px;letter-spacing:0.33px;white-space:nowrap">Performance*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:0px;white-space:nowrap">*For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:440.59px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1318.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1551.78px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:2063.17px;letter-spacing:0.28px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:3314.96px;letter-spacing:-0.4px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4018.35px;letter-spacing:-0.45px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4643.94px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4977.34px;letter-spacing:-0.4px;white-space:nowrap">measured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5910.93px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6607.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6951.52px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7373.92px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8296.31px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8829.9px;letter-spacing:0.33px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:9736.88px;white-space:nowrap">Index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:0px;letter-spacing:0.3px;white-space:nowrap">Performance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1188.78px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1640.58px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:2266.77px;letter-spacing:-0.65px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3251.76px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3684.95px;letter-spacing:0.3px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:4881.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5273.93px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5766.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6118.52px;letter-spacing:-0.45px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6803.31px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:7043.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8006.9px;letter-spacing:-0.51px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8584.49px;letter-spacing:-0.4px;white-space:nowrap">results.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9265.69px;letter-spacing:-0.45px;white-space:nowrap">Current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9991.28px;letter-spacing:-2.75px;white-space:nowrap">per-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:0px;letter-spacing:0.4px;white-space:nowrap">formance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:896.39px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1322.58px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1611.58px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2237.37px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2477.97px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3022.16px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3470.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3814.75px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4266.55px;white-space:nowrap">shown.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4948.34px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5677.73px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5974.12px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6325.92px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6936.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:7281.31px;white-space:nowrap">deduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8244.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8477.69px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8996.29px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:9399.68px;letter-spacing:-0.28px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:426.2px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:904.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1144.99px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1522.99px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1808.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:2319.78px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3474.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3714.95px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4233.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4578.15px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4981.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5215.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5726.74px;letter-spacing:-0.45px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:6397.33px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7126.72px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7352.52px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7813.12px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8146.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8490.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8724.31px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:9235.71px;white-space:nowrap">expenses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:10180.7px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:0px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:722.6px;letter-spacing:-0.28px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:1929.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:2163.18px;white-space:nowrap">distributions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:3373.36px;white-space:nowrap">Comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:4576.94px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5121.53px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5709.92px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6790.9px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6979.7px;letter-spacing:-0.4px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:7838.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8138.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8483.08px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9109.48px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9724.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9950.27px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:0px;letter-spacing:-3.07px;white-space:nowrap">only.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:467px;white-space:nowrap">Indexes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1212.79px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1546.19px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1897.98px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:2738.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3038.57px;letter-spacing:-0.51px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3601.16px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:0px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:578.81px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:1572.1px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2215.8px;letter-spacing:-3.41px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2747.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3196.11px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:7598.35px;letter-spacing:-2.88px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8066.88px;letter-spacing:-0.27px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8780.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:9012.77px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:7665.76px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8333.37px;letter-spacing:-1.35px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8659.53px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:6175.27px;letter-spacing:-0.18px;white-space:nowrap">Cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:8273.08px;letter-spacing:-0.49px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.28px;left:5354.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:5723.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:6576.97px;white-space:nowrap">6-Month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:7843.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:8995.04px;letter-spacing:-2.88px;white-space:nowrap">5-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:10043.68px;letter-spacing:-2.47px;white-space:nowrap">10-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:0px;letter-spacing:-0.72px;white-space:nowrap">NAC
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:386.56px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:561.12px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1285.43px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1740.63px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:5508.81px;white-space:nowrap">5/26/99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:6789.93px;white-space:nowrap">0.02%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:7773.93px;white-space:nowrap">(1.81)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:8925.93px;white-space:nowrap">(0.10)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:10173.93px;white-space:nowrap">4.09%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:0px;letter-spacing:-0.72px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:386.56px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:561.12px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1285.43px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1740.63px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:5508.81px;white-space:nowrap">5/26/99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:6693.93px;white-space:nowrap">(2.39)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:7681.13px;white-space:nowrap">(10.52)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:8925.93px;white-space:nowrap">(0.73)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:10173.93px;white-space:nowrap">3.57%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1525.1px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:6789.93px;white-space:nowrap">1.22%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:7869.93px;white-space:nowrap">1.79%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:9021.93px;white-space:nowrap">1.57%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:10173.93px;white-space:nowrap">2.89%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1525.1px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:2264.14px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:6789.93px;white-space:nowrap">1.21%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:7869.93px;white-space:nowrap">1.93%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:9021.93px;white-space:nowrap">1.42%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:10173.93px;white-space:nowrap">3.09%
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">10</div></div> </div>
<div style="height:41.97px;left:0px;position:absolute;top:0px;transform:translate(36.000px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:734.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Performance
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1960px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3384.61px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4001.35px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5385.35px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7958.98px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8332.17px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8955.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.95px;left:0px;position:absolute;top:0px;transform:translate(36.000px,80.744px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.44px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.27px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:0px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:1066.78px;white-space:nowrap">Summaries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2359.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2666.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2968.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:3839.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4265.43px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:0px;white-space:nowrap">This
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:515.51px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1088.85px;letter-spacing:-0.54px;white-space:nowrap">relates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1915.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2226.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2666.34px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:3790.96px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4351.11px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4622.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5062.21px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5857.55px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:6914.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7216.88px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8634.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8941.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9242.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9682.83px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:10180.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:439.91px;letter-spacing:-0.43px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:1573.41px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2457.79px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2688.91px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3502.01px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3950.56px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4310.55px;white-space:nowrap">construed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5501.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5807.88px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:6007.79px;letter-spacing:-0.54px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7025.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7327.29px;letter-spacing:0.36px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:8838.06px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9233.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9673.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:0px;white-space:nowrap">itself.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:689.02px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:1755.8px;letter-spacing:-1.08px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:2182.51px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3058.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3369.05px;white-space:nowrap">change.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:351.79px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:1137.19px;letter-spacing:-0.36px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2021.77px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2955.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3299.56px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3958.35px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:4850.93px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5184.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5528.73px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6239.72px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6813.31px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7357.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7632.1px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8028.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8262.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8606.49px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:9480.28px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:573.59px;white-space:nowrap">agencies:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:1473.98px;letter-spacing:-0.4px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2333.18px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2529.57px;letter-spacing:-3.17px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3118.56px;letter-spacing:-0.51px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3800.16px;letter-spacing:-2.77px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:4604.55px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:5453.54px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6205.53px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6577.13px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6817.72px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7362.12px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7733.71px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:8148.51px;letter-spacing:-0.36px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9073.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9307.29px;letter-spacing:0px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:884.79px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1310.98px;letter-spacing:-0.51px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1829.17px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2295.77px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2699.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3184.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3484.35px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4013.74px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4947.13px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5406.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5651.33px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5951.12px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:6462.52px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:7495.71px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8284.49px;letter-spacing:-0.51px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8891.49px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9550.27px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9883.67px;letter-spacing:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:240.59px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1007.79px;white-space:nowrap">AAA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1530.58px;white-space:nowrap">AA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1916.18px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2108.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2501.78px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2935.37px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:3268.77px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4301.96px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4883.35px;white-space:nowrap">ratings;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5597.74px;white-space:nowrap">BB,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5960.93px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6198.13px;white-space:nowrap">CCC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6731.73px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7124.53px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7320.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7713.72px;white-space:nowrap">D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7917.52px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:8250.92px;white-space:nowrap">below-investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:9895.1px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:0px;white-space:nowrap">ratings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:714.39px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:1569.78px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:2628.96px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3032.76px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3366.16px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3717.95px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4243.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4517.74px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5058.54px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5825.13px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:6398.72px;white-space:nowrap">agencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:0px;letter-spacing:-1.34px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:424.64px;letter-spacing:-0.16px;white-space:nowrap">Allocation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:443.67px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:737.11px;white-space:nowrap">assets)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:755.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:2817.21px;letter-spacing:0px;white-space:nowrap">166
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3095.61px;letter-spacing:-13.33px;white-space:nowrap">.7&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3230px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:466.23px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:973.58px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1126.22px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1885.57px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:0px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:364.48px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:927.51px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:2862.01px;letter-spacing:-4.55px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:2905.46px;letter-spacing:-4.55px;white-space:nowrap">18</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3081.97px;letter-spacing:-16.36px;white-space:nowrap">.0&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3207.27px;letter-spacing:-4.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3250.72px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:449.43px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:1012.47px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:2862.01px;letter-spacing:-4.55px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:2905.46px;letter-spacing:-4.55px;white-space:nowrap">50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3081.97px;letter-spacing:-16.36px;white-space:nowrap">.8&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3207.27px;letter-spacing:-4.55px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3250.72px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:318.4px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:2919.92px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:3230px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4436.72px;left:0px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4436.72px;left:711.99px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4436.72px;left:1231.35px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4637.67px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4637.67px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4637.67px;left:443.67px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4637.67px;left:842.07px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4637.67px;left:1750.38px;letter-spacing:-0.71px;white-space:nowrap">exposure)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:0px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:318.4px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:2930.73px;white-space:nowrap">10.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:0px;letter-spacing:-0.96px;white-space:nowrap">AAA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:3023.53px;white-space:nowrap">6.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:0px;letter-spacing:-1.44px;white-space:nowrap">AA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:2930.73px;white-space:nowrap">38.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:0px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:2930.73px;white-space:nowrap">19.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:0px;white-space:nowrap">BBB</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:3023.53px;white-space:nowrap">7.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:0px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:243.52px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:438.87px;letter-spacing:-0.58px;white-space:nowrap">Lower</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:3023.53px;white-space:nowrap">3.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:0px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:317.28px;white-space:nowrap">(not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:646.71px;letter-spacing:-0.59px;white-space:nowrap">rated)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:2930.73px;white-space:nowrap">13.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6245.35px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6245.35px;left:2928.16px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6245.35px;left:3238.24px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:4334.39px;letter-spacing:-0.17px;white-space:nowrap">Composition</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:5328.46px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3622.4px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3862.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4066.07px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4464.47px;white-space:nowrap">investments)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3901.12px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">16.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3622.4px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:4137.59px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:6553.13px;white-space:nowrap">15.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3622.4px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">15.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3622.4px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">13.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3901.12px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:6553.13px;white-space:nowrap">11.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3622.4px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3940.8px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:6553.13px;white-space:nowrap">11.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3622.4px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:6553.13px;white-space:nowrap">10.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:3622.4px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:6645.93px;white-space:nowrap">5.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:3622.4px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:6550.56px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7244.8px;letter-spacing:-0.37px;white-space:nowrap">States
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:8087.83px;letter-spacing:-1.4px;white-space:nowrap">Territories</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7485.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:7244.8px;letter-spacing:-0.29px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">95.2%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7244.8px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:10268.33px;white-space:nowrap">4.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:7244.8px;white-space:nowrap">Guam</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:10268.33px;white-space:nowrap">0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:7244.8px;letter-spacing:-0.82px;white-space:nowrap">Virgin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:7710.4px;white-space:nowrap">Islands</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:10268.33px;white-space:nowrap">0.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:7244.8px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4001.76px;left:10172.96px;white-space:nowrap">100%
</div></div> </div> <div style="height:45.62px;left:0px;position:absolute;top:0px;transform:translate(36.000px,707.398px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:536.40px">
<div style="width:3382.4px;height:785.92px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:673.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:948.79px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1597.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1786.06px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2699.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2942.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3217.55px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3997.55px;white-space:nowrap">industries/sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:5326.16px;letter-spacing:0.19px;white-space:nowrap">comprising&#160;&#160;&#8220;Other&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:6826.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7146.61px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7428.05px;white-space:nowrap">listed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7863.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8036.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8312.04px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8721.95px;letter-spacing:-0.8px;white-space:nowrap">above.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:0px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:360px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:673.12px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1084.16px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1428.95px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1893.26px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2127.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2316.3px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2675.17px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2863.97px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3065.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3340.92px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3821.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3994.67px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:4749.22px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5254.82px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5573.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5845.05px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6437.2px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6818.16px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7381.83px;letter-spacing:-0.24px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7935.42px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8518.94px;letter-spacing:-0.96px;white-space:nowrap">tax,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8809.34px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9094.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9376.37px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9757.32px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:360px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1038.23px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1621.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1875.34px;letter-spacing:-1.2px;white-space:nowrap">if,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2039.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2212.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2487.81px;white-space:nowrap">judgement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3331.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3520.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3796.27px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:4319.95px;letter-spacing:-0.96px;white-space:nowrap">sub-adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5231.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5609.05px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6390.64px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6662.32px;letter-spacing:-0.11px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7387.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7576.06px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8243.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8519.25px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9042.93px;letter-spacing:-0.58px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9674.44px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:10039.39px;letter-spacing:-0.41px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:624.96px;left:360px;letter-spacing:-0.48px;white-space:nowrap">potential.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:67.30px;left:0px;position:absolute;top:0px;transform:translate(131.040px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:436.32px">
<div style="width:8726.4px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;letter-spacing:-6.17px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-6.55px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3333.99px;letter-spacing:-5.6px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5225.29px;letter-spacing:-6.3px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6608.92px;letter-spacing:-5.76px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;letter-spacing:-6.17px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:1441.46px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:0px;letter-spacing:-4.4px;white-space:nowrap">Performance
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:1622.4px;letter-spacing:-4.27px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:2800.29px;letter-spacing:-3.6px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:3309.73px;letter-spacing:-4.27px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:4452.82px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:5884.31px;letter-spacing:-4.11px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:6775.32px;letter-spacing:-3.6px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:7163.23px;letter-spacing:-3.6px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">11</div></div> </div>
<div style="height:77.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,26.696px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:95.04px">
<div style="width:1900.8px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.7px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:560px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-14.93px;white-space:nowrap">NKX</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.372px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:533.00px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.64px) rotate(0deg) scale(0.05)">
<div style="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5724.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:533.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:0px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:522.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:762.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1107.18px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1921.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2155.37px;letter-spacing:-3.1px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2740.36px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3251.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3466.55px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3832.95px;white-space:nowrap">Report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4491.93px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4791.73px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:5439.32px;text-rendering:optimizeLegibility;white-space:nowrap">definition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6339.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6572.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6916.89px;letter-spacing:0.6px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7475.68px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7961.08px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8545.87px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8912.27px;white-space:nowrap">section.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:0px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:582.55px;letter-spacing:0.33px;white-space:nowrap">Performance*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:55.6px;white-space:nowrap">*For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:496.19px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1373.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1607.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:2118.77px;letter-spacing:0.28px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:3370.56px;letter-spacing:-0.4px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4073.95px;letter-spacing:-0.45px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4699.54px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5032.94px;letter-spacing:-0.4px;white-space:nowrap">measured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5966.53px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6662.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7007.12px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7429.52px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8351.91px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8885.5px;letter-spacing:0.33px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:9792.48px;letter-spacing:0px;white-space:nowrap">Index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:0px;letter-spacing:0.3px;white-space:nowrap">Performance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1188.78px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1640.58px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:2266.77px;letter-spacing:-0.65px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3251.76px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3684.95px;letter-spacing:0.3px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:4881.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5273.93px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5766.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6118.52px;letter-spacing:-0.45px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6803.31px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:7043.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8006.9px;letter-spacing:-0.51px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8584.49px;letter-spacing:-0.4px;white-space:nowrap">results.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9265.69px;letter-spacing:-0.45px;white-space:nowrap">Current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9991.28px;letter-spacing:-2.75px;white-space:nowrap">per-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:0px;letter-spacing:0.4px;white-space:nowrap">formance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:896.39px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1322.58px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1611.58px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2237.37px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2477.97px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3022.16px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3470.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3814.75px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4266.55px;white-space:nowrap">shown.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4948.34px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5677.73px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5974.12px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6325.92px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6936.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:7281.31px;white-space:nowrap">deduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8244.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8477.69px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8996.29px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:9399.68px;letter-spacing:-0.28px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:426.2px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:904.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1144.99px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1522.99px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1808.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:2319.78px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3474.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3714.95px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4233.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4578.15px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4981.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5215.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5726.74px;letter-spacing:-0.45px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:6397.33px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7126.72px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7352.52px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7813.12px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8146.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8490.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8724.31px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:9235.71px;white-space:nowrap">expenses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:10180.7px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:0px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:722.6px;letter-spacing:-0.28px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:1929.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:2163.18px;white-space:nowrap">distributions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:3373.36px;white-space:nowrap">Comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:4576.94px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5121.53px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5709.92px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6790.9px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6979.7px;letter-spacing:-0.4px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:7838.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8138.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8483.08px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9109.48px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9724.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9950.27px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:0px;letter-spacing:-3.07px;white-space:nowrap">only.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:467px;white-space:nowrap">Indexes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1212.79px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1546.19px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1897.98px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:2738.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3038.57px;letter-spacing:-0.51px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3601.16px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:0px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:578.81px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:1572.1px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2215.8px;letter-spacing:-3.41px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2747.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3196.11px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:7598.35px;letter-spacing:-2.88px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8066.88px;letter-spacing:-0.27px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8780.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:9012.77px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:7665.76px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8333.37px;letter-spacing:-1.35px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8659.53px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:6175.27px;letter-spacing:-0.18px;white-space:nowrap">Cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:8273.08px;letter-spacing:-0.49px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.28px;left:5354.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:5723.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:6576.97px;white-space:nowrap">6-Month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:7843.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:8995.04px;letter-spacing:-2.88px;white-space:nowrap">5-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:10043.68px;letter-spacing:-2.47px;white-space:nowrap">10-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:0px;letter-spacing:-0.48px;white-space:nowrap">NKX
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:364.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:539.19px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1263.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1718.7px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:5416.01px;white-space:nowrap">11/21/02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:6789.93px;white-space:nowrap">0.35%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:7773.93px;white-space:nowrap">(2.08)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:9021.93px;white-space:nowrap">0.46%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:10173.93px;white-space:nowrap">4.43%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:0px;letter-spacing:-0.48px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:364.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:539.19px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1263.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1718.7px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:5416.01px;white-space:nowrap">11/21/02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:6693.93px;white-space:nowrap">(3.54)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:7681.13px;white-space:nowrap">(14.05)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:9021.93px;white-space:nowrap">0.52%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:10173.93px;white-space:nowrap">4.27%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1525.1px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:6789.93px;white-space:nowrap">1.22%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:7869.93px;white-space:nowrap">1.79%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:9021.93px;white-space:nowrap">1.57%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:10173.93px;white-space:nowrap">2.89%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1525.1px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:2264.14px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:6789.93px;white-space:nowrap">1.21%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:7869.93px;white-space:nowrap">1.93%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:9021.93px;white-space:nowrap">1.42%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:10173.93px;white-space:nowrap">3.09%
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">12</div></div> </div>
<div style="height:41.97px;left:0px;position:absolute;top:0px;transform:translate(36.000px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:734.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Performance
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1960px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3384.61px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4001.35px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5385.35px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7958.98px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8332.17px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8955.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.95px;left:0px;position:absolute;top:0px;transform:translate(36.000px,80.744px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.44px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.27px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:0px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:1066.78px;white-space:nowrap">Summaries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2359.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2666.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2968.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:3839.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4265.43px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:0px;white-space:nowrap">This
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:515.51px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1088.85px;letter-spacing:-0.54px;white-space:nowrap">relates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1915.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2226.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2666.34px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:3790.96px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4351.11px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4622.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5062.21px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5857.55px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:6914.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7216.88px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8634.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8941.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9242.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9682.83px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:10180.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:439.91px;letter-spacing:-0.43px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:1573.41px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2457.79px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2688.91px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3502.01px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3950.56px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4310.55px;white-space:nowrap">construed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5501.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5807.88px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:6007.79px;letter-spacing:-0.54px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7025.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7327.29px;letter-spacing:0.36px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:8838.06px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9233.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9673.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:0px;white-space:nowrap">itself.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:689.02px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:1755.8px;letter-spacing:-1.08px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:2182.51px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3058.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3369.05px;white-space:nowrap">change.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:351.79px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:1137.19px;letter-spacing:-0.36px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2021.77px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2955.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3299.56px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3958.35px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:4850.93px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5184.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5528.73px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6239.72px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6813.31px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7357.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7632.1px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8028.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8262.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8606.49px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:9480.28px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:573.59px;white-space:nowrap">agencies:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:1473.98px;letter-spacing:-0.4px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2333.18px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2529.57px;letter-spacing:-3.17px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3118.56px;letter-spacing:-0.51px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3800.16px;letter-spacing:-2.77px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:4604.55px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:5453.54px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6205.53px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6577.13px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6817.72px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7362.12px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7733.71px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:8148.51px;letter-spacing:-0.36px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9073.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9307.29px;letter-spacing:0px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:884.79px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1310.98px;letter-spacing:-0.51px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1829.17px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2295.77px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2699.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3184.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3484.35px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4013.74px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4947.13px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5406.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5651.33px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5951.12px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:6462.52px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:7495.71px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8284.49px;letter-spacing:-0.51px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8891.49px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9550.27px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9883.67px;letter-spacing:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:240.59px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1007.79px;white-space:nowrap">AAA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1530.58px;white-space:nowrap">AA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1916.18px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2108.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2501.78px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2935.37px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:3268.77px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4301.96px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4883.35px;white-space:nowrap">ratings;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5597.74px;white-space:nowrap">BB,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5960.93px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6198.13px;white-space:nowrap">CCC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6731.73px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7124.53px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7320.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7713.72px;white-space:nowrap">D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7917.52px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:8250.92px;white-space:nowrap">below-investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:9895.1px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:0px;white-space:nowrap">ratings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:714.39px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:1569.78px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:2628.96px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3032.76px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3366.16px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3717.95px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4243.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4517.74px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5058.54px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5825.13px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:6398.72px;white-space:nowrap">agencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:0px;letter-spacing:-1.34px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:424.64px;letter-spacing:-0.16px;white-space:nowrap">Allocation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:443.67px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:737.11px;white-space:nowrap">assets)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:755.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:2817.21px;letter-spacing:-5.71px;white-space:nowrap">165.7&#8204;%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:0px;letter-spacing:-1.57px;white-space:nowrap">Short-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:830.71px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1585.74px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3002.81px;letter-spacing:-8px;white-space:nowrap">3.8&#8204;%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:466.23px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:973.58px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:1126.22px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:1885.57px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3023.53px;white-space:nowrap">1.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:0px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:636.63px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:996.63px;letter-spacing:-0.15px;white-space:nowrap">Obligations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:2927.53px;white-space:nowrap">(5.5)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:0px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:364.48px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:927.51px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:2862.01px;letter-spacing:-4.55px;white-space:nowrap">(23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3081.97px;letter-spacing:-10.73px;white-space:nowrap">.0&#8204;)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:0px;white-space:nowrap">VRDP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:449.43px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:1012.47px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:2862.01px;letter-spacing:-8.41px;white-space:nowrap">(42.1&#8204;)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4403.67px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4403.67px;left:318.4px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4403.67px;left:2919.92px;letter-spacing:-8px;white-space:nowrap">100&#8204;%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:4334.39px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:4853.75px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3622.4px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3862.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4066.07px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4464.47px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:5372.78px;letter-spacing:-0.71px;white-space:nowrap">exposure)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3622.4px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3940.8px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">13.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3622.4px;letter-spacing:-0.96px;white-space:nowrap">AAA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:6645.93px;white-space:nowrap">4.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3622.4px;letter-spacing:-1.44px;white-space:nowrap">AA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">39.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3622.4px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">16.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3622.4px;white-space:nowrap">BBB</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:6645.93px;white-space:nowrap">7.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3622.4px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3865.92px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:4061.27px;letter-spacing:-0.58px;white-space:nowrap">Lower</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:6645.93px;white-space:nowrap">3.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3622.4px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3939.68px;white-space:nowrap">(not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:4269.11px;letter-spacing:-0.59px;white-space:nowrap">rated)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:6553.13px;white-space:nowrap">15.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4604.63px;left:3622.4px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4604.63px;left:6550.56px;letter-spacing:-8px;white-space:nowrap">100&#8204;%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7244.8px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7956.79px;letter-spacing:-0.17px;white-space:nowrap">Composition</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:8950.86px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7485.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8086.87px;white-space:nowrap">investments)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:7244.8px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:7523.52px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">20.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7244.8px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7759.99px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:10175.53px;white-space:nowrap">16.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:7244.8px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:7523.52px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:10175.53px;white-space:nowrap">14.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:7244.8px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:7563.2px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:10175.53px;white-space:nowrap">13.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:7244.8px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:10175.53px;white-space:nowrap">13.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:7244.8px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:10175.53px;white-space:nowrap">10.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:7244.8px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:10268.33px;white-space:nowrap">6.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:7244.8px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:10268.33px;white-space:nowrap">4.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:7244.8px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:10172.96px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5240.55px;left:7244.8px;letter-spacing:-0.37px;white-space:nowrap">States
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5240.55px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5240.55px;left:8087.83px;letter-spacing:-1.4px;white-space:nowrap">Territories</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:5237.71px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5441.51px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5441.51px;left:7485.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5441.51px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5441.51px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5441.51px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:7244.8px;letter-spacing:-0.29px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:10175.53px;white-space:nowrap">92.8%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:7244.8px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5843.43px;left:10268.33px;white-space:nowrap">5.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:7244.8px;white-space:nowrap">Guam</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6044.39px;left:10268.33px;white-space:nowrap">1.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6245.35px;left:7244.8px;letter-spacing:-0.82px;white-space:nowrap">Virgin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6245.35px;left:7710.4px;white-space:nowrap">Islands</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6245.35px;left:10268.33px;white-space:nowrap">0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6446.31px;left:7244.8px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6446.31px;left:7614.08px;letter-spacing:-3.6px;white-space:nowrap">York</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6446.31px;left:10268.33px;white-space:nowrap">0.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6647.27px;left:7244.8px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6647.27px;left:10172.96px;white-space:nowrap">100%
</div></div> </div> <div style="height:45.62px;left:0px;position:absolute;top:0px;transform:translate(36.000px,707.398px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:536.40px">
<div style="width:3382.4px;height:785.92px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:673.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:948.79px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1597.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1786.06px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2699.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2942.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3217.55px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3997.55px;white-space:nowrap">industries/sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:5326.16px;letter-spacing:0.19px;white-space:nowrap">comprising&#160;&#160;&#8220;Other&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:6826.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7146.61px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7428.05px;white-space:nowrap">listed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7863.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8036.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8312.04px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8721.95px;letter-spacing:-0.8px;white-space:nowrap">above.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:0px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:360px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:673.12px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1084.16px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1428.95px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1893.26px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2127.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2316.3px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2675.17px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2863.97px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3065.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3340.92px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3821.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3994.67px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:4749.22px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5254.82px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5573.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5845.05px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6437.2px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6818.16px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7381.83px;letter-spacing:-0.24px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7935.42px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8518.94px;letter-spacing:-0.96px;white-space:nowrap">tax,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8809.34px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9094.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9376.37px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9757.32px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:360px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1038.23px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1621.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1875.34px;letter-spacing:-1.2px;white-space:nowrap">if,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2039.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2212.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2487.81px;white-space:nowrap">judgement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3331.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3520.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3796.27px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:4319.95px;letter-spacing:-0.96px;white-space:nowrap">sub-adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5231.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5609.05px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6390.64px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6662.32px;letter-spacing:-0.11px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7387.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7576.06px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8243.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8519.25px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9042.93px;letter-spacing:-0.58px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9674.44px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:10039.39px;letter-spacing:-0.41px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:624.96px;left:360px;letter-spacing:-0.48px;white-space:nowrap">potential.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:67.30px;left:0px;position:absolute;top:0px;transform:translate(131.040px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:436.32px">
<div style="width:8726.4px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;letter-spacing:-6.17px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-6.55px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3333.99px;letter-spacing:-6.48px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5234.79px;letter-spacing:-6px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6345.24px;letter-spacing:-5.4px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:0px;letter-spacing:-4.4px;white-space:nowrap">Performance
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:1622.4px;letter-spacing:-4.27px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:2800.29px;letter-spacing:-3.6px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:3309.73px;letter-spacing:-4.27px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:4452.82px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:5884.31px;letter-spacing:-4.11px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:6775.32px;letter-spacing:-3.6px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:356.55px;left:7163.23px;letter-spacing:-3.6px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">13</div></div> </div>
<div style="height:77.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,26.696px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:95.04px">
<div style="width:1900.8px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.7px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:560px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-14.93px;white-space:nowrap">NCA</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.372px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:533.00px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.64px) rotate(0deg) scale(0.05)">
<div style="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5724.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:533.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:0px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:522.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:762.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1107.18px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1921.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2155.37px;letter-spacing:-3.1px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2740.36px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3251.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3466.55px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3832.95px;white-space:nowrap">Report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4491.93px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4791.73px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:5439.32px;text-rendering:optimizeLegibility;white-space:nowrap">definition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6339.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6572.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6916.89px;letter-spacing:0.6px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7475.68px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7961.08px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8545.87px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8912.27px;white-space:nowrap">section.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:0px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:582.55px;letter-spacing:0.33px;white-space:nowrap">Performance*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:55.6px;white-space:nowrap">*For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:496.19px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1373.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1607.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:2118.77px;letter-spacing:0.28px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:3370.56px;letter-spacing:-0.4px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4073.95px;letter-spacing:-0.45px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4699.54px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5032.94px;letter-spacing:-0.4px;white-space:nowrap">measured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5966.53px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6662.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7007.12px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7429.52px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8351.91px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8885.5px;letter-spacing:0.33px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:9792.48px;letter-spacing:0px;white-space:nowrap">Index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:0px;letter-spacing:0.3px;white-space:nowrap">Performance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1188.78px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1640.58px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:2266.77px;letter-spacing:-0.65px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3251.76px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3684.95px;letter-spacing:0.3px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:4881.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5273.93px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5766.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6118.52px;letter-spacing:-0.45px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6803.31px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:7043.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8006.9px;letter-spacing:-0.51px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8584.49px;letter-spacing:-0.4px;white-space:nowrap">results.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9265.69px;letter-spacing:-0.45px;white-space:nowrap">Current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9991.28px;letter-spacing:-2.75px;white-space:nowrap">per-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:0px;letter-spacing:0.4px;white-space:nowrap">formance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:896.39px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1322.58px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1611.58px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2237.37px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2477.97px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3022.16px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3470.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3814.75px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4266.55px;white-space:nowrap">shown.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4948.34px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5677.73px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5974.12px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6325.92px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6936.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:7281.31px;white-space:nowrap">deduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8244.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8477.69px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8996.29px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:9399.68px;letter-spacing:-0.28px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:426.2px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:904.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1144.99px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1522.99px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1808.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:2319.78px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3474.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3714.95px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4233.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4578.15px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4981.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5215.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5726.74px;letter-spacing:-0.45px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:6397.33px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7126.72px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7352.52px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7813.12px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8146.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8490.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8724.31px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:9235.71px;white-space:nowrap">expenses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:10180.7px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:0px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:722.6px;letter-spacing:-0.28px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:1929.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:2163.18px;white-space:nowrap">distributions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:3373.36px;white-space:nowrap">Comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:4576.94px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5121.53px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5709.92px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6790.9px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6979.7px;letter-spacing:-0.4px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:7838.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8138.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8483.08px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9109.48px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9724.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9950.27px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:0px;letter-spacing:-3.07px;white-space:nowrap">only.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:467px;white-space:nowrap">Indexes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1212.79px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1546.19px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1897.98px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:2738.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3038.57px;letter-spacing:-0.51px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3601.16px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:0px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:578.81px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:1572.1px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2215.8px;letter-spacing:-3.41px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2747.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3196.11px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:7598.35px;letter-spacing:-2.88px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8066.88px;letter-spacing:-0.27px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8780.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:9012.77px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:7665.76px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8333.37px;letter-spacing:-1.35px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8659.53px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:6175.27px;letter-spacing:-0.18px;white-space:nowrap">Cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:8273.08px;letter-spacing:-0.49px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.28px;left:5354.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:5723.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:6576.97px;white-space:nowrap">6-Month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:7843.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:8995.04px;letter-spacing:-2.88px;white-space:nowrap">5-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:10043.68px;letter-spacing:-2.47px;white-space:nowrap">10-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:0px;letter-spacing:-1.2px;white-space:nowrap">NCA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:384.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:559.2px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1283.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1738.71px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:5416.01px;white-space:nowrap">10/07/87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:6789.93px;white-space:nowrap">0.90%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:7869.93px;white-space:nowrap">0.89%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:9021.93px;white-space:nowrap">0.96%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:10173.93px;white-space:nowrap">3.32%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:0px;letter-spacing:-1.2px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:384.64px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:559.2px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1283.51px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1738.71px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:5416.01px;white-space:nowrap">10/07/87
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:6789.93px;white-space:nowrap">3.05%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:7869.93px;white-space:nowrap">1.35%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:9021.93px;white-space:nowrap">1.45%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:10173.93px;white-space:nowrap">3.53%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1525.1px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:6789.93px;white-space:nowrap">1.22%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:7869.93px;white-space:nowrap">1.79%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:9021.93px;white-space:nowrap">1.57%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:10173.93px;white-space:nowrap">2.89%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1525.1px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:2264.14px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:6789.93px;white-space:nowrap">1.21%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:7869.93px;white-space:nowrap">1.93%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:9021.93px;white-space:nowrap">1.42%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:10173.93px;white-space:nowrap">3.09%
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">14</div></div> </div>
<div style="height:41.97px;left:0px;position:absolute;top:0px;transform:translate(36.000px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:734.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Performance
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1960px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3384.61px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4001.35px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5385.35px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7958.98px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8332.17px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8955.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.95px;left:0px;position:absolute;top:0px;transform:translate(36.000px,80.744px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.44px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.27px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:0px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:1066.78px;white-space:nowrap">Summaries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2359.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2666.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2968.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:3839.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4265.43px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:0px;white-space:nowrap">This
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:515.51px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1088.85px;letter-spacing:-0.54px;white-space:nowrap">relates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1915.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2226.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2666.34px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:3790.96px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4351.11px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4622.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5062.21px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5857.55px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:6914.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7216.88px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8634.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8941.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9242.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9682.83px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:10180.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:439.91px;letter-spacing:-0.43px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:1573.41px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2457.79px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2688.91px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3502.01px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3950.56px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4310.55px;white-space:nowrap">construed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5501.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5807.88px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:6007.79px;letter-spacing:-0.54px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7025.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7327.29px;letter-spacing:0.36px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:8838.06px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9233.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9673.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:0px;white-space:nowrap">itself.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:689.02px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:1755.8px;letter-spacing:-1.08px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:2182.51px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3058.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3369.05px;white-space:nowrap">change.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:351.79px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:1137.19px;letter-spacing:-0.36px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2021.77px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2955.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3299.56px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3958.35px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:4850.93px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5184.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5528.73px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6239.72px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6813.31px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7357.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7632.1px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8028.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8262.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8606.49px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:9480.28px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:573.59px;white-space:nowrap">agencies:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:1473.98px;letter-spacing:-0.4px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2333.18px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2529.57px;letter-spacing:-3.17px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3118.56px;letter-spacing:-0.51px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3800.16px;letter-spacing:-2.77px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:4604.55px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:5453.54px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6205.53px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6577.13px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6817.72px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7362.12px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7733.71px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:8148.51px;letter-spacing:-0.36px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9073.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9307.29px;letter-spacing:0px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:884.79px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1310.98px;letter-spacing:-0.51px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1829.17px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2295.77px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2699.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3184.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3484.35px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4013.74px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4947.13px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5406.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5651.33px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5951.12px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:6462.52px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:7495.71px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8284.49px;letter-spacing:-0.51px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8891.49px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9550.27px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9883.67px;letter-spacing:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:240.59px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1007.79px;white-space:nowrap">AAA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1530.58px;white-space:nowrap">AA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1916.18px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2108.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2501.78px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2935.37px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:3268.77px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4301.96px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4883.35px;white-space:nowrap">ratings;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5597.74px;white-space:nowrap">BB,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5960.93px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6198.13px;white-space:nowrap">CCC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6731.73px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7124.53px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7320.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7713.72px;white-space:nowrap">D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7917.52px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:8250.92px;white-space:nowrap">below-investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:9895.1px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:0px;white-space:nowrap">ratings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:714.39px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:1569.78px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:2628.96px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3032.76px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3366.16px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3717.95px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4243.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4517.74px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5058.54px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5825.13px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:6398.72px;white-space:nowrap">agencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:0px;letter-spacing:-1.34px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:424.64px;letter-spacing:-0.16px;white-space:nowrap">Allocation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:443.67px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:737.11px;white-space:nowrap">assets)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:755.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:2918.25px;letter-spacing:0px;white-space:nowrap">97
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3103.84px;letter-spacing:-13.33px;white-space:nowrap">.2&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3238.24px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:466.23px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:973.58px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1126.22px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1885.57px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">2.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:318.4px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:2928.16px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:3238.24px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:0px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:711.99px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:1231.35px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:443.67px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:842.07px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:1750.38px;letter-spacing:-0.71px;white-space:nowrap">exposure)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:0px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:318.4px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:3023.53px;white-space:nowrap">5.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4637.67px;left:0px;letter-spacing:-0.96px;white-space:nowrap">AAA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4637.67px;left:2930.73px;white-space:nowrap">10.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:0px;letter-spacing:-1.44px;white-space:nowrap">AA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:2930.73px;white-space:nowrap">44.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:0px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:2930.73px;white-space:nowrap">20.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:0px;white-space:nowrap">BBB</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:3023.53px;white-space:nowrap">6.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:0px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:243.52px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:438.87px;letter-spacing:-0.58px;white-space:nowrap">Lower</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:3023.53px;white-space:nowrap">2.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:0px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:317.28px;white-space:nowrap">(not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:646.71px;letter-spacing:-0.59px;white-space:nowrap">rated)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:2930.73px;white-space:nowrap">11.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:2928.16px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:3238.24px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:4334.39px;letter-spacing:-0.17px;white-space:nowrap">Composition</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:5328.46px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3622.4px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3862.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4066.07px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4464.47px;white-space:nowrap">investments)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3622.4px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">22.1%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3901.12px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:6553.13px;white-space:nowrap">20.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3622.4px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">18.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3901.12px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">10.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3622.4px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:4137.59px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:6553.13px;white-space:nowrap">10.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3622.4px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:6645.93px;white-space:nowrap">9.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3622.4px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3940.8px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:6645.93px;white-space:nowrap">6.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:3622.4px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:6645.93px;white-space:nowrap">3.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:3622.4px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:6550.56px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7244.8px;letter-spacing:-0.37px;white-space:nowrap">States
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:8087.83px;letter-spacing:-1.4px;white-space:nowrap">Territories</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7485.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:7244.8px;letter-spacing:-0.29px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">96.9%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7244.8px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:10268.33px;white-space:nowrap">3.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:7244.8px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:10172.96px;white-space:nowrap">100%
</div></div> </div> <div style="height:45.62px;left:0px;position:absolute;top:0px;transform:translate(36.000px,707.398px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:536.40px">
<div style="width:3382.4px;height:785.92px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:673.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:948.79px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1597.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1786.06px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2699.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2942.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3217.55px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3997.55px;white-space:nowrap">industries/sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:5326.16px;letter-spacing:0.19px;white-space:nowrap">comprising&#160;&#160;&#8220;Other&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:6826.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7146.61px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7428.05px;white-space:nowrap">listed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7863.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8036.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8312.04px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8721.95px;letter-spacing:-0.8px;white-space:nowrap">above.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:0px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:360px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:673.12px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1084.16px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1428.95px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1893.26px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2127.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2316.3px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2675.17px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2863.97px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3065.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3340.92px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3821.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3994.67px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:4749.22px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5254.82px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5573.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5845.05px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6437.2px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6818.16px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7381.83px;letter-spacing:-0.24px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7935.42px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8518.94px;letter-spacing:-0.96px;white-space:nowrap">tax,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8809.34px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9094.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9376.37px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9757.32px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:360px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1038.23px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1621.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1875.34px;letter-spacing:-1.2px;white-space:nowrap">if,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2039.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2212.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2487.81px;white-space:nowrap">judgement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3331.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3520.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3796.27px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:4319.95px;letter-spacing:-0.96px;white-space:nowrap">sub-adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5231.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5609.05px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6390.64px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6662.32px;letter-spacing:-0.11px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7387.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7576.06px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8243.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8519.25px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9042.93px;letter-spacing:-0.58px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9674.44px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:10039.39px;letter-spacing:-0.41px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:624.96px;left:360px;letter-spacing:-0.48px;white-space:nowrap">potential.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:67.30px;left:0px;position:absolute;top:0px;transform:translate(131.040px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:436.32px">
<div style="width:8726.4px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;letter-spacing:-6.17px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1450.95px;letter-spacing:-6.55px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3333.99px;letter-spacing:-6.17px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4478.55px;letter-spacing:-5.6px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6154.52px;letter-spacing:-6.17px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:7595.97px;letter-spacing:-5.76px;white-space:nowrap">Port-</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;letter-spacing:-5.76px;white-space:nowrap">folio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:0px;letter-spacing:-4.4px;white-space:nowrap">Performance
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:1622.4px;letter-spacing:-4.27px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:2800.29px;letter-spacing:-3.6px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:3309.73px;letter-spacing:-4.27px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:4452.82px;letter-spacing:-4.32px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:5884.31px;letter-spacing:-4.11px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:6775.32px;letter-spacing:-3.6px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:788.55px;left:7163.23px;letter-spacing:-3.6px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">15</div></div> </div>
<div style="height:77.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,26.696px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:95.04px">
<div style="width:1900.8px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.7px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:560px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-14.93px;white-space:nowrap">NXC</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.32px;left:0px;position:absolute;top:0px;transform:translate(36.000px,81.372px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:533.00px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.64px) rotate(0deg) scale(0.05)">
<div style="height:119.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,5724.076px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:533.00px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:0px;white-space:nowrap">Refer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:522.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:762.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1107.18px;white-space:nowrap">Glossary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:1921.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2155.37px;letter-spacing:-3.1px;white-space:nowrap">Terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:2740.36px;white-space:nowrap">Used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3251.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3466.55px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:3832.95px;white-space:nowrap">Report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4491.93px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:4791.73px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:5439.32px;text-rendering:optimizeLegibility;white-space:nowrap">definition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6339.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6572.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:6916.89px;letter-spacing:0.6px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7475.68px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:7961.08px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8545.87px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:420px;left:8912.27px;white-space:nowrap">section.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:0px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:847.12px;left:582.55px;letter-spacing:0.33px;white-space:nowrap">Performance*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:0px;white-space:nowrap">*For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:440.59px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1318.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:1551.78px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:2063.17px;letter-spacing:0.28px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:3314.96px;letter-spacing:-0.4px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4018.35px;letter-spacing:-0.45px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4643.94px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:4977.34px;letter-spacing:-0.4px;white-space:nowrap">measured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:5910.93px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6607.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:6951.52px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:7373.92px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8296.31px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:8829.9px;letter-spacing:0.33px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3136.88px;left:9736.88px;white-space:nowrap">Index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:0px;letter-spacing:0.3px;white-space:nowrap">Performance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1188.78px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:1640.58px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:2266.77px;letter-spacing:-0.65px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3251.76px;white-space:nowrap">past
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:3684.95px;letter-spacing:0.3px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:4881.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5273.93px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:5766.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6118.52px;letter-spacing:-0.45px;white-space:nowrap">predict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:6803.31px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:7043.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8006.9px;letter-spacing:-0.51px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:8584.49px;letter-spacing:-0.4px;white-space:nowrap">results.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9265.69px;letter-spacing:-0.45px;white-space:nowrap">Current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3556.88px;left:9991.28px;letter-spacing:-2.75px;white-space:nowrap">per-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:0px;letter-spacing:0.4px;white-space:nowrap">formance
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:896.39px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1322.58px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:1611.58px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2237.37px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:2477.97px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3022.16px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3470.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:3814.75px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4266.55px;white-space:nowrap">shown.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:4948.34px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5677.73px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:5974.12px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6325.92px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:6936.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:7281.31px;white-space:nowrap">deduction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8244.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8477.69px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:8996.29px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3796.88px;left:9399.68px;letter-spacing:-0.28px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:426.2px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:904.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1144.99px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1522.99px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:1808.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:2319.78px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3474.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:3714.95px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4233.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4578.15px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:4981.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5215.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:5726.74px;letter-spacing:-0.45px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:6397.33px;letter-spacing:0.45px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7126.72px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7352.52px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:7813.12px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8146.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8490.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:8724.31px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:9235.71px;white-space:nowrap">expenses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4036.88px;left:10180.7px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:0px;white-space:nowrap">assume
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:722.6px;letter-spacing:-0.28px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:1929.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:2163.18px;white-space:nowrap">distributions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:3373.36px;white-space:nowrap">Comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:4576.94px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5121.53px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:5709.92px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6790.9px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:6979.7px;letter-spacing:-0.4px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:7838.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8138.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:8483.08px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9109.48px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9724.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4276.88px;left:9950.27px;letter-spacing:-2.5px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:0px;letter-spacing:-3.07px;white-space:nowrap">only.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:467px;white-space:nowrap">Indexes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1212.79px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1546.19px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:1897.98px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:2738.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3038.57px;letter-spacing:-0.51px;white-space:nowrap">direct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4516.88px;left:3601.16px;white-space:nowrap">investment.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:0px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:578.81px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:1572.1px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2215.8px;letter-spacing:-3.41px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:2747.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3196.11px;letter-spacing:-0.66px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944px;left:3839.82px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:7598.35px;letter-spacing:-2.88px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8066.88px;letter-spacing:-0.27px;white-space:nowrap">Returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:8780.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1308.12px;left:9012.77px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:7665.76px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8333.37px;letter-spacing:-1.35px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1524.12px;left:8659.53px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:6175.27px;letter-spacing:-0.18px;white-space:nowrap">Cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:8273.08px;letter-spacing:-0.49px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1740.2px;left:9050.31px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.28px;left:5354.25px;white-space:nowrap">Inception
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:5723.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:6576.97px;white-space:nowrap">6-Month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:7843.04px;letter-spacing:-2.88px;white-space:nowrap">1-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:8995.04px;letter-spacing:-2.88px;white-space:nowrap">5-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.28px;left:10043.68px;letter-spacing:-2.47px;white-space:nowrap">10-Year</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:0px;letter-spacing:-0.72px;white-space:nowrap">NXC
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:378.4px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:552.95px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1277.27px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:1732.46px;letter-spacing:-2.56px;white-space:nowrap">NAV</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:5508.81px;white-space:nowrap">6/19/92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:6789.93px;white-space:nowrap">1.09%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:7869.93px;white-space:nowrap">1.44%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:9021.93px;white-space:nowrap">1.47%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.24px;left:10173.93px;white-space:nowrap">3.70%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:0px;letter-spacing:-0.72px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:378.4px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:552.95px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1277.27px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:1732.46px;letter-spacing:-1.54px;white-space:nowrap">Price</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:5508.81px;white-space:nowrap">6/19/92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:6693.93px;white-space:nowrap">(5.64)%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:7773.93px;white-space:nowrap">(2.07)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:9021.93px;white-space:nowrap">1.77%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.2px;left:10173.93px;white-space:nowrap">3.88%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:1525.1px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:6789.93px;white-space:nowrap">1.22%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:7869.93px;white-space:nowrap">1.79%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:9021.93px;white-space:nowrap">1.57%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2756.16px;left:10173.93px;white-space:nowrap">2.89%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:0px;white-space:nowrap">S&amp;P
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:335.68px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1090.71px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:1525.1px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:2264.14px;letter-spacing:-0.19px;white-space:nowrap">Index</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:5995.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:6789.93px;white-space:nowrap">1.21%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:7869.93px;white-space:nowrap">1.93%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:9021.93px;white-space:nowrap">1.42%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2957.12px;left:10173.93px;white-space:nowrap">3.09%
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">16</div></div> </div>
<div style="height:41.97px;left:0px;position:absolute;top:0px;transform:translate(36.000px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:734.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Performance
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1960px;white-space:nowrap">Overview
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3384.61px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4001.35px;white-space:nowrap">Holdings
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5385.35px;white-space:nowrap">Summaries
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7111.43px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:7958.98px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:25.02px;left:8332.17px;white-space:nowrap">2023
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8955.32px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:667.95px;left:0px;position:absolute;top:0px;transform:translate(36.000px,80.744px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.44px">

 <div style="width:10627.2px;height:13273.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.27px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:0px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:1066.78px;white-space:nowrap">Summaries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2359.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2666.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:2968.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:3839.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:-3.36px;left:4265.43px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:0px;white-space:nowrap">This
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:515.51px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1088.85px;letter-spacing:-0.54px;white-space:nowrap">relates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:1915.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2226.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:2666.34px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:3790.96px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4351.11px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:4622.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5062.21px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:5857.55px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:6914.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:7216.88px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8634.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:8941.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9242.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:9682.83px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:428.64px;left:10180.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:439.91px;letter-spacing:-0.43px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:1573.41px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2457.79px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:2688.91px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3502.01px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:3950.56px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:4310.55px;white-space:nowrap">construed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5501.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:5807.88px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:6007.79px;letter-spacing:-0.54px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7025.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:7327.29px;letter-spacing:0.36px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:8838.06px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9233.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:716.64px;left:9673.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:0px;white-space:nowrap">itself.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:689.02px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:1755.8px;letter-spacing:-1.08px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:2182.51px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3058.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;font-weight:900;position:absolute;top:1004.64px;left:3369.05px;white-space:nowrap">change.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:351.79px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:1137.19px;letter-spacing:-0.36px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2021.77px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:2955.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3299.56px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:3958.35px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:4850.93px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5184.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:5528.73px;white-space:nowrap">highest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6239.72px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:6813.31px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7357.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:7632.1px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8028.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8262.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:8606.49px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1420.8px;left:9480.28px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:573.59px;white-space:nowrap">agencies:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:1473.98px;letter-spacing:-0.4px;white-space:nowrap">Standard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2333.18px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:2529.57px;letter-spacing:-3.17px;white-space:nowrap">Poor&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3118.56px;letter-spacing:-0.51px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:3800.16px;letter-spacing:-2.77px;white-space:nowrap">Moody&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:4604.55px;white-space:nowrap">Investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:5453.54px;white-space:nowrap">Service,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6205.53px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6577.13px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:6817.72px;white-space:nowrap">Fitch,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7362.12px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:7733.71px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:8148.51px;letter-spacing:-0.36px;white-space:nowrap">treatment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9073.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1660.8px;left:9307.29px;letter-spacing:0px;white-space:nowrap">split-rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:884.79px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1310.98px;letter-spacing:-0.51px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:1829.17px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2295.77px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:2699.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3184.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:3484.35px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4013.74px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:4947.13px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5406.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5651.33px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:5951.12px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:6462.52px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:7495.71px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8284.49px;letter-spacing:-0.51px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:8891.49px;white-space:nowrap">ratings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9550.27px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1900.8px;left:9883.67px;letter-spacing:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:240.59px;white-space:nowrap">change.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1007.79px;white-space:nowrap">AAA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1530.58px;white-space:nowrap">AA,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:1916.18px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2108.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2501.78px;white-space:nowrap">BBB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:2935.37px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:3268.77px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4301.96px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:4883.35px;white-space:nowrap">ratings;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5597.74px;white-space:nowrap">BB,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:5960.93px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6198.13px;white-space:nowrap">CCC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:6731.73px;white-space:nowrap">CC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7124.53px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7320.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7713.72px;white-space:nowrap">D
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:7917.52px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:8250.92px;white-space:nowrap">below-investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2140.8px;left:9895.1px;white-space:nowrap">grade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:0px;white-space:nowrap">ratings.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:714.39px;white-space:nowrap">Holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:1569.78px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:2628.96px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3032.76px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3366.16px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:3717.95px;white-space:nowrap">rated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4243.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:4517.74px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5058.54px;white-space:nowrap">national
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:5825.13px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2380.8px;left:6398.72px;white-space:nowrap">agencies.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:0px;letter-spacing:-1.34px;white-space:nowrap">Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:424.64px;letter-spacing:-0.16px;white-space:nowrap">Allocation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:443.67px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:737.11px;white-space:nowrap">assets)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:0px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:755.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:2918.25px;letter-spacing:0px;white-space:nowrap">97
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3103.84px;letter-spacing:-13.33px;white-space:nowrap">.6&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3238.24px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:466.23px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:973.58px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1126.22px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:1885.57px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3023.53px;white-space:nowrap">2.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:318.4px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:2928.16px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:3238.24px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:0px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:711.99px;letter-spacing:-0.41px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4034.8px;left:1231.35px;white-space:nowrap">Quality</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:0px;white-space:nowrap">(%
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:240.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:443.67px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:842.07px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4235.76px;left:1750.38px;letter-spacing:-0.71px;white-space:nowrap">exposure)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:0px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:318.4px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4436.72px;left:2930.73px;white-space:nowrap">10.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4637.67px;left:0px;letter-spacing:-0.96px;white-space:nowrap">AAA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4637.67px;left:2930.73px;white-space:nowrap">11.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:0px;letter-spacing:-1.44px;white-space:nowrap">AA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4838.63px;left:2930.73px;white-space:nowrap">40.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:0px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5039.59px;left:2930.73px;white-space:nowrap">20.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:0px;white-space:nowrap">BBB</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5240.55px;left:3023.53px;white-space:nowrap">4.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:0px;white-space:nowrap">BB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:243.52px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:438.87px;letter-spacing:-0.58px;white-space:nowrap">Lower</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5441.51px;left:3023.53px;white-space:nowrap">2.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:0px;white-space:nowrap">N/R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:317.28px;white-space:nowrap">(not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:646.71px;letter-spacing:-0.59px;white-space:nowrap">rated)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5642.47px;left:2930.73px;white-space:nowrap">10.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:2928.16px;letter-spacing:-10px;white-space:nowrap">100&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5843.43px;left:3238.24px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:3622.4px;letter-spacing:-0.99px;white-space:nowrap">Portfolio
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:4334.39px;letter-spacing:-0.17px;white-space:nowrap">Composition</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:5328.46px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3622.4px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:3862.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4066.07px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:4464.47px;white-space:nowrap">investments)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:3622.4px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:6553.13px;white-space:nowrap">21.7%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:3901.12px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:6553.13px;white-space:nowrap">20.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3622.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:3901.12px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3599.84px;left:6553.13px;white-space:nowrap">13.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:3622.4px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3800.8px;left:6553.13px;white-space:nowrap">12.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:3622.4px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:4137.59px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4001.76px;left:6553.13px;white-space:nowrap">11.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3622.4px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:3940.8px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4202.72px;left:6553.13px;white-space:nowrap">10.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:3622.4px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4403.67px;left:6645.93px;white-space:nowrap">8.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:3622.4px;white-space:nowrap">Other</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4604.63px;left:6645.93px;white-space:nowrap">0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:3622.4px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4805.59px;left:6550.56px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7244.8px;letter-spacing:-0.37px;white-space:nowrap">States
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:7757.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2796px;left:8087.83px;letter-spacing:-1.4px;white-space:nowrap">Territories</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:93.3px;font-weight:bold;position:absolute;top:2793.16px;left:8877.1px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7244.8px;white-space:nowrap">(%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7485.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:7688.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8086.87px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2996.96px;left:8890.06px;white-space:nowrap">bonds)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:7244.8px;letter-spacing:-0.29px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3197.92px;left:10175.53px;white-space:nowrap">97.8%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7244.8px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:7758.55px;white-space:nowrap">Rico</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3398.88px;left:10268.33px;white-space:nowrap">2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:7244.8px;letter-spacing:-3.07px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3599.84px;left:10172.96px;white-space:nowrap">100%
</div></div> </div> <div style="height:45.62px;left:0px;position:absolute;top:0px;transform:translate(36.000px,707.398px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:536.40px">
<div style="width:3382.4px;height:785.92px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:360px;white-space:nowrap">See
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:673.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:948.79px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1597.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:1786.06px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2699.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:2942.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3217.55px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:3997.55px;white-space:nowrap">industries/sectors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:5326.16px;letter-spacing:0.19px;white-space:nowrap">comprising&#160;&#160;&#8220;Other&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:6826.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7146.61px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7428.05px;white-space:nowrap">listed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:7863.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8036.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8312.04px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:40px;left:8721.95px;letter-spacing:-0.8px;white-space:nowrap">above.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:0px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:360px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:673.12px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1084.16px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1428.95px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:1893.26px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2127.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2316.3px;white-space:nowrap">20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2675.17px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:2863.97px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3065.73px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3340.92px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3821.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:3994.67px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:4749.22px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5254.82px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5573.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:5845.05px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6437.2px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:6818.16px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7381.83px;letter-spacing:-0.24px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:7935.42px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8518.94px;letter-spacing:-0.96px;white-space:nowrap">tax,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:8809.34px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9094.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9376.37px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:240.96px;left:9757.32px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:360px;white-space:nowrap">personal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1038.23px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1621.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:1875.34px;letter-spacing:-1.2px;white-space:nowrap">if,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2039.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2212.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:2487.81px;white-space:nowrap">judgement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3331.96px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3520.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:3796.27px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:4319.95px;letter-spacing:-0.96px;white-space:nowrap">sub-adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5231.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:5609.05px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6390.64px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:6662.32px;letter-spacing:-0.11px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7387.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:7576.06px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8243.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:8519.25px;letter-spacing:-0.96px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9042.93px;letter-spacing:-0.58px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:9674.44px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:432.96px;left:10039.39px;letter-spacing:-0.41px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:624.96px;left:360px;letter-spacing:-0.48px;white-space:nowrap">potential.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.8px;white-space:nowrap">Shareholder
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3093.39px;letter-spacing:-8.4px;white-space:nowrap">Meeting
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:5147.06px;letter-spacing:-8px;white-space:nowrap">Report</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">17</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.33px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.366px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.48px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:353.52px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:933.84px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:1650.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:1860.46px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:2933.79px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:3283.89px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:3687.26px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:3944.12px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:4564.22px;white-space:nowrap">9,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:4764.38px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:5214.74px;letter-spacing:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:5484.55px;letter-spacing:0px;white-space:nowrap">NXC;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:5964.79px;letter-spacing:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:6168px;letter-spacing:0px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:6497.76px;letter-spacing:0px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:7214.33px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:7524.29px;letter-spacing:-0.25px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:8597.61px;letter-spacing:-0.65px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:9034.29px;letter-spacing:0px;white-space:nowrap">asked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:9551.25px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:0px;left:9767.78px;letter-spacing:0px;white-space:nowrap">elect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:300;position:absolute;top:216px;left:530.09px;white-space:nowrap">members.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:705.85px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:906.8px;left:9942.89px;letter-spacing:-0.32px;white-space:nowrap">Common</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1098.8px;left:10140.97px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Approval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:757.43px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:960.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:1254.22px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:1758.06px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:2533.73px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:2879.17px;letter-spacing:-0.48px;white-space:nowrap">reached
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:3544.44px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1353.53px;left:3750.52px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1608.26px;left:0px;white-space:nowrap">Amy
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1608.26px;left:371.36px;letter-spacing:-0.96px;white-space:nowrap">B.R.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1608.26px;left:687.35px;letter-spacing:-0.17px;white-space:nowrap">Lancellotta</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1809.22px;left:360px;letter-spacing:-2.56px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1809.22px;left:9894.42px;white-space:nowrap">4,952,512</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2010.18px;left:360px;white-space:nowrap">Withhold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2010.18px;left:10121.61px;white-space:nowrap">94,570</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2211.14px;left:360px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2211.14px;left:9894.42px;white-space:nowrap">5,047,082</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2465.86px;left:0px;white-space:nowrap">John
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2465.86px;left:402.71px;letter-spacing:-1.6px;white-space:nowrap">K.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2465.86px;left:579.99px;white-space:nowrap">Nelson</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2666.82px;left:360px;letter-spacing:-2.56px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2666.82px;left:9894.42px;white-space:nowrap">4,931,335</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2867.78px;left:360px;white-space:nowrap">Withhold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2867.78px;left:10028.81px;white-space:nowrap">115,747</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3068.74px;left:360px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3068.74px;left:9894.42px;white-space:nowrap">5,047,082</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3323.47px;left:0px;letter-spacing:-2.28px;white-space:nowrap">Terence
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3323.47px;left:616.15px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3323.47px;left:767.83px;letter-spacing:-3.84px;white-space:nowrap">Toth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.43px;left:360px;letter-spacing:-2.56px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.43px;left:9894.42px;white-space:nowrap">4,905,755</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3725.39px;left:360px;white-space:nowrap">Withhold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3725.39px;left:10028.81px;white-space:nowrap">141,327</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3926.35px;left:360px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3926.35px;left:9894.42px;white-space:nowrap">5,047,082</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.07px;left:0px;letter-spacing:-0.55px;white-space:nowrap">Robert
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.07px;left:531.51px;letter-spacing:-1.6px;white-space:nowrap">L.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.07px;left:686.07px;letter-spacing:-2.88px;white-space:nowrap">Young</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.03px;left:360px;letter-spacing:-2.56px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.03px;left:9894.42px;white-space:nowrap">4,883,564</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4582.99px;left:360px;white-space:nowrap">Withhold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4582.99px;left:10028.81px;white-space:nowrap">163,518</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4783.95px;left:360px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4783.95px;left:9894.42px;white-space:nowrap">5,047,082</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">18</div></div> </div>
<div style="height:78.16px;left:0px;position:absolute;top:0px;transform:translate(112.500px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:454.86px">
<div style="width:9097.2px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3463.59px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4904.82px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6877.62px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1168.95px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1476.8px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3991.64px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4398.75px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;position:absolute;top:1162.95px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:76.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,27.368px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:76.50px">
<div style="width:1530px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.03px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-12.8px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">LONG-TERM
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:2503.67px;letter-spacing:-0.17px;white-space:nowrap">INVESTMENTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3676.46px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">166.7%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5117.73px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5317.08px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5733.56px;white-space:nowrap">Investments)&#160;&#160;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:92.08px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:925.92px;left:0px;white-space:nowrap">2,970,706,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:1512px;letter-spacing:-1.34px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:2452.15px;white-space:nowrap">BONDS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:3079.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:3171.66px;white-space:nowrap">166.7%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:4560.77px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:4760.13px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:5176.6px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:993.92px;left:9186.08px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:993.92px;left:9387.22px;letter-spacing:0px;white-space:nowrap">2,970,706,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:1512px;letter-spacing:-0.21px;white-space:nowrap">Consumer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:2341.43px;letter-spacing:-0.08px;white-space:nowrap">Staples
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:2948.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3040.94px;white-space:nowrap">1.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3481.42px;white-space:nowrap">(0.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3976.61px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:4175.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:4592.45px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3225.1px;white-space:nowrap">Golden
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3814.21px;letter-spacing:-0.32px;white-space:nowrap">Gate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:4201.09px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:4859.8px;letter-spacing:-0.84px;white-space:nowrap">Funding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:5504.92px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:1656px;letter-spacing:-3.02px;white-space:nowrap">Turbo,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:2157.91px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:2639.83px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:3199.82px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:3822.68px;white-space:nowrap">6/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:9841.61px;white-space:nowrap">917,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:779.21px;white-space:nowrap">2,575
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:3225.1px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:3509.74px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4150.21px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4715.96px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:5734.98px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:3320.77px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,335,937
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:779.21px;white-space:nowrap">2,120</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:3225.1px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:3509.74px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:4150.21px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:4715.96px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2939.12px;left:5734.98px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3131.12px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3131.12px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2020B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3131.12px;left:2831.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3131.12px;left:3454.53px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,142,536
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:686.41px;white-space:nowrap">25,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:3009.9px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:3759.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:4499.81px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:5158.53px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:5985.23px;white-space:nowrap">Asset-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:1656px;letter-spacing:-0.41px;white-space:nowrap">Backed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:2235.36px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:2777.59px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:3324.3px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:3983.02px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:5002.04px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:5699.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3524.07px;left:6181.87px;letter-spacing:-0.69px;white-space:nowrap">2006A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3716.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3716.07px;left:2278.87px;white-space:nowrap">6/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:7171.06px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:7723.21px;white-space:nowrap">24.76</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3332.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,047,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:686.41px;white-space:nowrap">44,035</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:3509.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:4051.81px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:4604.76px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:5591.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4109.03px;left:6073.39px;letter-spacing:-0.53px;white-space:nowrap">2021B-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4301.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4301.03px;left:2278.87px;white-space:nowrap">6/01/66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:7078.26px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:7723.21px;white-space:nowrap">27.75</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3917.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,378,840
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:686.41px;white-space:nowrap">19,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:1512px;white-space:nowrap">Silicon
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:2030.4px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:2495.2px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:3153.91px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:4170.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:4914.21px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:5686.2px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:3509.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:4051.81px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:4496.6px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:4918.68px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4693.99px;left:5480.59px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:2675.03px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:3640.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:4122.68px;letter-spacing:-0.69px;white-space:nowrap">2007B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:4672.43px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4885.99px;left:5295.3px;white-space:nowrap">6/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:7078.26px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:7723.21px;white-space:nowrap">25.58</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4501.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,552,590
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5086.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5086.95px;left:1902.08px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5086.95px;left:2700.46px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5086.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">20,375,113
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:3080.3px;letter-spacing:-0.25px;white-space:nowrap">Organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:4303.81px;white-space:nowrap">7.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:4744.28px;white-space:nowrap">(4.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:5239.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:5438.84px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5401.27px;left:5855.31px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:779.21px;white-space:nowrap">6,995</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:2251.03px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:3151.67px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:3810.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:4554.21px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:5226.68px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:5768.91px;white-space:nowrap">Chapman
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:2922.54px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:3472.29px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:4095.16px;white-space:nowrap">4/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:7078.26px;white-space:nowrap">4/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,358,105
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:779.21px;white-space:nowrap">5,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:2251.03px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:3151.67px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:3810.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:4554.21px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:5226.68px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:5768.91px;letter-spacing:-0.43px;white-space:nowrap">Stanford
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:1656px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:2409.59px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:2891.5px;letter-spacing:-0.53px;white-space:nowrap">2016U-7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:3597.08px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:4219.95px;white-space:nowrap">6/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,525,126
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:779.21px;white-space:nowrap">4,385</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:2251.03px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:3151.67px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:3810.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:4554.21px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:5226.68px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:5768.91px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:6522.5px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:1656px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:1931.52px;text-rendering:optimizeLegibility;letter-spacing:-1.6px;white-space:nowrap">Pacific,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:2463.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:2945.9px;letter-spacing:-0.8px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:3393.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:4016.76px;white-space:nowrap">11/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:6985.46px;white-space:nowrap">11/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,609,205
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6849.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6849.11px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6849.11px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6849.11px;left:3613.11px;letter-spacing:-0.62px;white-space:nowrap">Authority,&#160;&#160;Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6849.11px;left:5069.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">Creative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:2300.36px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:2837.68px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:3026.2px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:3310.56px;white-space:nowrap">Altos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:3722.12px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:4261.84px;letter-spacing:-0.43px;white-space:nowrap">Pinewood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:5031.8px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:5184.17px;white-space:nowrap">Oakwood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">Schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:2303.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:2785.1px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:913.61px;white-space:nowrap">800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">679,904
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7635.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">810,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7835.99px;left:4946.68px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:2868.79px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:3268.62px;white-space:nowrap">Adams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:3817.42px;letter-spacing:-0.44px;white-space:nowrap">Academies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:4708.93px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:5000.29px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8027.99px;left:5091.49px;white-space:nowrap">Lincoln
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8219.99px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8219.99px;left:2228.95px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8219.99px;left:2826.87px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8219.99px;left:3308.78px;white-space:nowrap">2019B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:779.21px;white-space:nowrap">1,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:6985.46px;white-space:nowrap">10/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8420.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,150,892
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:779.21px;white-space:nowrap">2,980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:6985.46px;white-space:nowrap">10/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8621.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,599,692
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:4946.68px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:5486.04px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:6158.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:1656px;letter-spacing:-1.07px;white-space:nowrap">Palmdale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:2362.56px;letter-spacing:-0.29px;white-space:nowrap">Aerospace
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:3185.27px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:3915.5px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:4492.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:4974.21px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:5534.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9014.87px;left:6157.06px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9206.87px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8822.87px;left:9841.61px;white-space:nowrap">913,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9407.83px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:1656px;white-space:nowrap">Linxs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:2056.16px;white-space:nowrap">APM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:2442.71px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:3019.5px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:3529.58px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:3875.65px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9599.83px;left:4357.56px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:779.21px;white-space:nowrap">3,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/31/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9800.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,501,890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:779.21px;white-space:nowrap">1,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/31/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10001.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,407,334
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/31/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:3030.85px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10202.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,951,320
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:5568.12px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:5881.24px;white-space:nowrap">Master&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:1656px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:2409.59px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:2562.23px;letter-spacing:-1.06px;white-space:nowrap">Seminary,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:3310.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:3792.29px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:4240.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10595.66px;left:4863.15px;white-space:nowrap">8/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10403.66px;left:9841.61px;white-space:nowrap">964,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:779.21px;white-space:nowrap">1,550</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:4141.58px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:4731px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:5270.36px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:5942.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:1656px;letter-spacing:-0.41px;white-space:nowrap">Camino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:2265.76px;white-space:nowrap">Nuevo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:2788.31px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:3374.86px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:4105.09px;white-space:nowrap">Sustainability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:5104.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:5586.83px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10988.62px;left:6146.82px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11180.62px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">6/01/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11180.62px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10796.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,480,266
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:913.61px;white-space:nowrap">300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:4141.58px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:4731px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:5270.36px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:5942.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Kepler
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:2174.23px;white-space:nowrap">Neighborhood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:3310.38px;letter-spacing:-0.6px;white-space:nowrap">School,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:3886.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:4368.44px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:4928.43px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:5551.3px;letter-spacing:-0.53px;white-space:nowrap">5/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11573.58px;left:6210.49px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11381.58px;left:9841.61px;white-space:nowrap">296,043
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:779.21px;white-space:nowrap">1,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:4141.58px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:4731px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:5270.36px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:5942.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:6485.06px;letter-spacing:-0.19px;white-space:nowrap">Stem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:1656px;letter-spacing:-1.17px;white-space:nowrap">Preparatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:2538.07px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:3148.46px;white-space:nowrap">?
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:3265.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:4052.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:4599.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:5081.4px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:5641.39px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11966.54px;left:6264.26px;letter-spacing:-0.53px;white-space:nowrap">5/01/63,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12158.54px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11774.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,053,855
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">19</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:3080.3px;letter-spacing:-0.28px;white-space:nowrap">Organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:4251.65px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">1,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,598,882</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">2,150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,120,179
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2195.35px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2817.91px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3060.47px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4177.41px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4657.73px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5268.12px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2137.91px;white-space:nowrap">2016C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:779.21px;white-space:nowrap">5,995
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7630.41px;white-space:nowrap">101.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,911,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:779.21px;white-space:nowrap">8,340</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7630.41px;white-space:nowrap">101.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,350,675
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:913.61px;white-space:nowrap">800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:6429.55px;letter-spacing:-1.12px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">Schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2303.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2785.1px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3345.09px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3967.96px;letter-spacing:-0.53px;white-space:nowrap">7/01/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:4627.15px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:9841.61px;white-space:nowrap">817,672
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:779.21px;white-space:nowrap">5,140</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2657.11px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3441.73px;letter-spacing:-0.17px;white-space:nowrap">Systemwide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:4355.48px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:5027.95px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:5570.19px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:6364.74px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:2838.86px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,266,907
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:686.41px;white-space:nowrap">10,440</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2657.11px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:3441.73px;letter-spacing:-0.17px;white-space:nowrap">Systemwide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:4355.48px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:5027.95px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:5570.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:6052.1px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2278.87px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:6985.46px;white-space:nowrap">11/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,095,528
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1512px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:5066.99px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:1656px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2195.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2677.9px;white-space:nowrap">2018O:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:779.21px;white-space:nowrap">8,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:2278.87px;white-space:nowrap">5/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,033,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:686.41px;white-space:nowrap">10,390</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2278.87px;white-space:nowrap">5/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,160,693
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:686.41px;white-space:nowrap">17,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2278.87px;white-space:nowrap">5/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:9615.42px;letter-spacing:0px;white-space:nowrap">18,046,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1512px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:5066.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;white-space:nowrap">2018AZ:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:779.21px;white-space:nowrap">3,930
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2278.87px;white-space:nowrap">5/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,223,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:779.21px;white-space:nowrap">6,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:2278.87px;white-space:nowrap">5/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,141,053
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:686.41px;white-space:nowrap">15,385</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:5066.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:5548.9px;letter-spacing:-0.6px;white-space:nowrap">2020BE,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:6193.37px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1656px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7078.26px;white-space:nowrap">5/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,174,995
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1902.08px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:3390.54px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:9521.62px;letter-spacing:0px;white-space:nowrap">135,243,296
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Financials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:2317.91px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:2410.07px;white-space:nowrap">0.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:2850.54px;white-space:nowrap">(0.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:3345.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:3545.1px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6680.95px;left:3961.57px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:779.21px;white-space:nowrap">1,305</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:1512px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Cofina
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:2028.47px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:2451.51px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:2580.47px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:2965.74px;letter-spacing:-1.66px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:3850.05px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:4273.08px;letter-spacing:-0.8px;white-space:nowrap">2054,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:4721.07px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:5234.83px;letter-spacing:-1.12px;white-space:nowrap">Rico.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:5623.31px;white-space:nowrap">Unit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:5960.58px;letter-spacing:-0.1px;white-space:nowrap">Exchanged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">From
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:2072.96px;white-space:nowrap">Cusip
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:2533.75px;letter-spacing:-0.61px;white-space:nowrap">74529JAP0,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:3448.93px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:4071.8px;white-space:nowrap">8/01/54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7141.91px;left:4734.19px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6949.91px;left:9841.61px;white-space:nowrap">269,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7342.87px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7342.87px;left:1902.08px;letter-spacing:-0.29px;white-space:nowrap">Financials</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7342.87px;left:9841.61px;white-space:nowrap">269,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:2065.11px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:2552.15px;white-space:nowrap">25.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:3095.99px;white-space:nowrap">(15.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:3694.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:3893.9px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7657.19px;left:4310.37px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:779.21px;white-space:nowrap">9,345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">ABAG
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:1999.52px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:2606.56px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:3319.66px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:3562.22px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">Nonprofit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:4307.01px;letter-spacing:-0.73px;white-space:nowrap">Corporations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:5343.79px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:6119.63px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:2198.23px;white-space:nowrap">Sharp
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:2666.39px;letter-spacing:-0.96px;white-space:nowrap">HealthCare,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:3562.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:4044.29px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:4604.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8118.15px;left:5227.15px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,347,243
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8511.11px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:779.21px;white-space:nowrap">6,365
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:2278.87px;white-space:nowrap">11/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,268,252
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:686.41px;white-space:nowrap">19,795</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:2278.87px;white-space:nowrap">11/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:9615.42px;letter-spacing:0px;white-space:nowrap">20,245,732
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9113.98px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:5170.99px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:686.41px;white-space:nowrap">20,215
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:2278.87px;white-space:nowrap">11/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:9615.42px;letter-spacing:0px;white-space:nowrap">19,216,379
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:686.41px;white-space:nowrap">13,110</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:2278.87px;white-space:nowrap">11/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,405,630
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:779.21px;white-space:nowrap">5,890</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:2679.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:3161.73px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:3721.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:4344.59px;white-space:nowrap">11/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9908.86px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,152,812
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:779.21px;white-space:nowrap">7,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:6133.07px;white-space:nowrap">Adventist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:2171.19px;letter-spacing:-0.96px;white-space:nowrap">System/West,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:3191.18px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:3985.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:4467.64px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:5027.63px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:5650.5px;white-space:nowrap">3/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:7078.26px;white-space:nowrap">3/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10301.82px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,462,182
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:779.21px;white-space:nowrap">7,810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:6133.07px;white-space:nowrap">Adventist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:2171.19px;letter-spacing:-0.96px;white-space:nowrap">System/West,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:3191.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:3673.09px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:4233.08px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:4855.95px;white-space:nowrap">3/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10694.78px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,065,707
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:686.41px;white-space:nowrap">15,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Cedars-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:1656px;white-space:nowrap">Sinai
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:2044.64px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:2665.59px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:3232.3px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:4026.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:4508.77px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:5058.52px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:5681.39px;white-space:nowrap">8/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11087.74px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,004,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:779.21px;white-space:nowrap">7,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:6135.95px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:1656px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:2297.75px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:2582.39px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:3259.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:3741.57px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:4301.56px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11672.7px;left:4924.43px;white-space:nowrap">8/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11480.7px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,405,698
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11873.66px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:2198.23px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:2522.23px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:2711.02px;white-space:nowrap">Hope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:3156.78px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:3810.05px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:4431px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:4997.72px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12065.66px;left:5479.63px;white-space:nowrap">2019:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:686.41px;white-space:nowrap">16,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:2278.87px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12266.62px;left:9615.42px;letter-spacing:0px;white-space:nowrap">15,195,084
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:686.41px;white-space:nowrap">30,630</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:2278.87px;white-space:nowrap">11/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12467.58px;left:9615.42px;letter-spacing:0px;white-space:nowrap">30,888,517
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">20</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2065.11px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2499.99px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2198.23px;letter-spacing:-0.15px;white-space:nowrap">CommonSpirit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3302.7px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3854.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4336.6px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:686.41px;white-space:nowrap">31,810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9615.42px;letter-spacing:0px;white-space:nowrap">28,982,091</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:686.41px;white-space:nowrap">10,855
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">4/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,814,983
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">2,815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2278.87px;white-space:nowrap">4/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,481,535
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:686.41px;white-space:nowrap">24,625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:3505.74px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:4147.49px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:4322.04px;letter-spacing:-0.86px;white-space:nowrap">Stanford,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:5018.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:5813.39px;letter-spacing:-1.32px;white-space:nowrap">Forward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:1656px;white-space:nowrap">Delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2294.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2776.14px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3336.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3959px;white-space:nowrap">5/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1843.12px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,901,004
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">6,105</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:3505.74px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:4184.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:4666.2px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5226.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5849.06px;white-space:nowrap">8/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,166,844
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:779.21px;white-space:nowrap">2,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2509.59px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3024.78px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3177.42px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3854.21px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:4648.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:5130.68px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:5690.67px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1656px;white-space:nowrap">10/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,250,293
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:686.41px;white-space:nowrap">16,375</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2509.59px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3024.78px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3177.42px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3854.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4336.12px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4885.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:5508.74px;white-space:nowrap">10/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">16,429,201
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:686.41px;white-space:nowrap">26,330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2509.59px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2907.03px;white-space:nowrap">Joseph
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:3480.94px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:4032.93px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:4827.48px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:5309.4px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:5869.39px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1656px;white-space:nowrap">10/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">23,727,543
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:686.41px;white-space:nowrap">16,185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:5571.96px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:2171.19px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:2768.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:3250.86px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:3810.85px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:4433.71px;white-space:nowrap">2/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:5056.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:5144.42px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:5559.94px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,733,367
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:1656px;white-space:nowrap">Eisenhower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:2545.75px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:3166.7px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:3733.41px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:4527.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:5009.88px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:779.21px;white-space:nowrap">3,095
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2278.87px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,107,597
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:913.61px;white-space:nowrap">685</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2278.87px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:9842.61px;letter-spacing:0px;white-space:nowrap">682,376
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">NorthBay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2380.95px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3207.82px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3754.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4236.29px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:779.21px;white-space:nowrap">7,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2278.87px;white-space:nowrap">11/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,181,160
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:779.21px;white-space:nowrap">6,040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2278.87px;white-space:nowrap">11/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,729,121
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:779.21px;white-space:nowrap">9,335</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,133,026
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:779.21px;white-space:nowrap">6,770</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6567.59px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,176,474
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:779.21px;white-space:nowrap">5,330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:3006.07px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:3755.66px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:4499.81px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:5355.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:5543.96px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">Palomar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:2287.03px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:2839.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:3320.94px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:3880.93px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:4503.8px;white-space:nowrap">11/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:5218.98px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:5307.3px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:5722.82px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6768.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,693,932
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:686.41px;white-space:nowrap">12,485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:2251.03px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:2731.35px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:3338.39px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:4082.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:4755.01px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:5297.24px;white-space:nowrap">Henry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:5772.27px;white-space:nowrap">Mayo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:6215.31px;white-space:nowrap">Newhall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:2334.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:2816.46px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:3264.45px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:3887.32px;white-space:nowrap">10/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,097,965
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:686.41px;white-space:nowrap">14,550</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:2251.03px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:2731.35px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:3338.39px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:4082.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:4755.01px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:5297.24px;white-space:nowrap">Hoag
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:5736.44px;white-space:nowrap">Memorial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:1656px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:2297.75px;letter-spacing:-1.1px;white-space:nowrap">Presbyterian,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:3275.17px;letter-spacing:-0.64px;white-space:nowrap">Fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:3712.13px;letter-spacing:-1.65px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:4222.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:4704.12px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:5264.11px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7746.47px;left:5886.98px;white-space:nowrap">7/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,545,322
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:779.21px;white-space:nowrap">5,310</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Redlands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:2375.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:3263.34px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:3941.89px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:4614.37px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:5156.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:5638.51px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8139.43px;left:6086.5px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:1656px;white-space:nowrap">10/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7947.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,336,019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8532.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8532.39px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8532.39px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8532.39px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8532.39px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:3104.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:3646.54px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:4089.74px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:4531.65px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:5285.24px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:1656px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:2222.71px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:2704.62px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:2278.87px;white-space:nowrap">12/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,008,870
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:779.21px;white-space:nowrap">1,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:2278.87px;white-space:nowrap">12/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,190,364
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:779.21px;white-space:nowrap">2,375</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:2278.87px;white-space:nowrap">12/01/54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,371,105
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:686.41px;white-space:nowrap">43,280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10104.22px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10104.22px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10104.22px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:9614.42px;letter-spacing:0px;white-space:nowrap">42,341,257
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:686.41px;white-space:nowrap">16,445</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:9614.42px;letter-spacing:0px;white-space:nowrap">16,456,676
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:2867.83px;white-space:nowrap">Adventist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:3596.77px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:4111.97px;letter-spacing:-0.96px;white-space:nowrap">System/West,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:5131.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11274.14px;left:1656px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:779.21px;white-space:nowrap">2,345
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:2278.87px;white-space:nowrap">3/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:7078.26px;white-space:nowrap">3/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,401,139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:2278.87px;white-space:nowrap">3/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:7078.26px;white-space:nowrap">3/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11676.06px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,013,230
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:779.21px;white-space:nowrap">6,465</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:5802.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:2196.31px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:2599.03px;white-space:nowrap">Muir
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:2971.34px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:3523.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:4005.25px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:4565.24px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12069.02px;left:5188.1px;white-space:nowrap">8/15/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,788,050
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:779.21px;white-space:nowrap">2,475</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:5677.87px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:6193.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:2198.23px;white-space:nowrap">Enloe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:2655.51px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:3276.46px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:3843.17px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:4637.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:5119.64px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:5679.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12461.98px;left:6302.5px;white-space:nowrap">8/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12653.98px;left:1656px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12653.98px;left:1744.32px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12653.98px;left:2159.84px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12269.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,650,354
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">21</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2065.11px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2499.99px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;white-space:nowrap">Daughters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3675.49px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3864.29px;white-space:nowrap">Charity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4424.6px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4939.79px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2137.91px;white-space:nowrap">2005A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">152</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2278.87px;white-space:nowrap">7/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2941.26px;white-space:nowrap">(d),(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">152,439</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:913.61px;white-space:nowrap">166
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2278.87px;white-space:nowrap">7/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2941.26px;white-space:nowrap">(d),(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">166,304
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:913.61px;white-space:nowrap">116</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2278.87px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2941.26px;white-space:nowrap">(d),(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:9842.61px;letter-spacing:0px;white-space:nowrap">116,420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:913.61px;white-space:nowrap">157</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2278.87px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2941.26px;white-space:nowrap">(d),(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:9842.61px;letter-spacing:0px;white-space:nowrap">156,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:779.21px;white-space:nowrap">6,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Madera
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:2113.75px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:2710.54px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:3486.38px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:4341.72px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:4530.52px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:5506.35px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:5974.99px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:1656px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2297.75px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2874.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:3356.45px;letter-spacing:-0.8px;white-space:nowrap">1995,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:3804.44px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:4427.31px;white-space:nowrap">3/15/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5049.7px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5140.9px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5610.49px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,364,610
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Palomar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:2143.03px;letter-spacing:-1.49px;white-space:nowrap">Pomerado
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:2935.66px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:3450.86px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:4048.61px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:4824.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:3474.7px;white-space:nowrap">2016:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:779.21px;white-space:nowrap">6,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:2278.87px;white-space:nowrap">11/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,323,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:779.21px;white-space:nowrap">4,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:2278.87px;white-space:nowrap">11/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,968,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:779.21px;white-space:nowrap">9,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:2454.38px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:3193.42px;letter-spacing:-0.75px;white-space:nowrap">Regents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:3863.01px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:4483.96px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:5021.55px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:5572.1px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:6244.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2137.91px;letter-spacing:-3.98px;white-space:nowrap">2022P,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2655.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:3278.53px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,629,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:1902.08px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:2417.27px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:9521.62px;letter-spacing:0px;white-space:nowrap">456,927,337
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:3154.7px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:3246.85px;white-space:nowrap">17.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:3790.69px;white-space:nowrap">(10.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:4389.24px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:4588.6px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4131.19px;left:5005.08px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:686.41px;white-space:nowrap">23,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:2870.7px;letter-spacing:-0.7px;white-space:nowrap">Creekwood,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:3798.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:4280.76px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:4840.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:5463.62px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4592.15px;left:6122.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4400.15px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,533,798
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:686.41px;white-space:nowrap">22,070</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:4393.89px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:4893.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:5375.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4985.11px;left:6079.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5177.11px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">8/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5177.11px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4793.11px;left:9614.42px;letter-spacing:0px;white-space:nowrap">17,213,717
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:779.21px;white-space:nowrap">6,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:4395.8px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:4905.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:5387.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5570.07px;left:6091.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5762.07px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5762.07px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5378.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,114,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:686.41px;white-space:nowrap">23,610</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:2870.7px;letter-spacing:-0.32px;white-space:nowrap">Serenity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:3500.46px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:3675.01px;letter-spacing:-0.11px;white-space:nowrap">Larkspur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:4340.6px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:5270.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:5752.26px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6155.03px;left:6312.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6347.03px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6347.03px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5963.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">18,620,499
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:779.21px;white-space:nowrap">6,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:2870.7px;letter-spacing:-0.09px;white-space:nowrap">Stoneridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:3722.21px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:4651.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:5133.87px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6739.99px;left:5693.86px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:7078.26px;white-space:nowrap">2/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6547.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,074,606
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:913.61px;white-space:nowrap">660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:2870.7px;white-space:nowrap">Summit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:3467.18px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:3641.74px;white-space:nowrap">Sausalito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:4332.77px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:5262.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:5744.43px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7132.95px;left:9841.61px;white-space:nowrap">492,492
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:779.21px;white-space:nowrap">2,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:2866.87px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:3177.11px;letter-spacing:-0.6px;white-space:nowrap">Arbors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:3751.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:4233.73px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:4793.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:5416.59px;letter-spacing:-0.53px;white-space:nowrap">8/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:6075.77px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7717.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,895,379
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:779.21px;white-space:nowrap">1,385</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:2867.83px;letter-spacing:-1.2px;white-space:nowrap">Verdant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:3478.06px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:3652.62px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:4145.09px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:4610.85px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:5540.59px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:6022.51px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,270,557
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:779.21px;white-space:nowrap">7,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:4411.97px;letter-spacing:-0.86px;white-space:nowrap">Workforce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:5209.88px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:5860.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:2195.35px;white-space:nowrap">Annadel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:2849.59px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:3779.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:4261.25px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:4821.24px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:5444.11px;letter-spacing:-0.53px;white-space:nowrap">4/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:6103.29px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8695.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,255,435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:686.41px;white-space:nowrap">22,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2019-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:3922.04px;white-space:nowrap">3/20/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9088.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">21,724,873
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:686.41px;white-space:nowrap">13,618</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2021-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:3922.04px;white-space:nowrap">11/20/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9481.75px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,529,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:779.21px;white-space:nowrap">5,095</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2021-3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:3922.04px;white-space:nowrap">8/20/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:4544.43px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:4955.62px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9874.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,547,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:779.21px;white-space:nowrap">3,343</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:2225.27px;letter-spacing:-0.34px;white-space:nowrap">Series2019-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:3259.17px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:3882.04px;white-space:nowrap">1/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10267.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,262,114
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:686.41px;white-space:nowrap">17,806</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:2225.27px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:2699.03px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:3554.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:4036.29px;letter-spacing:-0.6px;white-space:nowrap">2023-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:4628.28px;letter-spacing:-0.6px;white-space:nowrap">4.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:5251.15px;white-space:nowrap">9/20/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10660.62px;left:9614.42px;letter-spacing:0px;white-space:nowrap">17,318,441
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:4357.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:4910.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:5395.96px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:2870.7px;letter-spacing:-0.36px;white-space:nowrap">Caritas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:3410.38px;letter-spacing:-0.52px;white-space:nowrap">Affordable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:4227.49px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:4878.2px;white-space:nowrap">Inc
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11245.58px;left:5132.76px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11437.58px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11437.58px;left:2166.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11437.58px;left:2647.98px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:779.21px;white-space:nowrap">1,680
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:2278.87px;white-space:nowrap">8/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11638.54px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,691,928
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:779.21px;white-space:nowrap">2,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:2278.87px;white-space:nowrap">8/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,161,567
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:2251.03px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:2731.35px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:3338.39px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:4082.54px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12040.46px;left:4836.12px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12232.46px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12232.46px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12232.46px;left:2870.7px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12232.46px;left:3523.98px;letter-spacing:-0.41px;white-space:nowrap">Campus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12232.46px;left:4168.61px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:1656px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:2694.39px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:2785.58px;letter-spacing:-0.29px;white-space:nowrap">Claremont
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:3595.49px;letter-spacing:-1.13px;white-space:nowrap">Properties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:4375.16px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:4688.76px;letter-spacing:-0.29px;white-space:nowrap">Claremont
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Colleges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:2342.87px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:2919.66px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:3714.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:4196.13px;white-space:nowrap">2023A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:779.21px;white-space:nowrap">1,465
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:7078.26px;white-space:nowrap">7/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:7630.41px;white-space:nowrap">105.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12817.42px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,438,674
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:7078.26px;white-space:nowrap">7/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:7630.41px;white-space:nowrap">105.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13018.38px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,011,660
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">22</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">23,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3175.51px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3771.19px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3889.59px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4665.42px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5343.17px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5993.88px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2194.39px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2507.51px;white-space:nowrap">Mix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2806.71px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2981.27px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3518.86px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3873.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4355.8px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5059.79px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5682.66px;letter-spacing:-0.53px;white-space:nowrap">4/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6341.84px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">16,778,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">8,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3175.51px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3802.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4578.06px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5255.81px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5906.52px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2198.23px;white-space:nowrap">Enclave
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2798.39px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3728.13px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4238.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4720.12px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5424.11px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6046.97px;letter-spacing:-0.53px;white-space:nowrap">8/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,945,701
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">3,265</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.600%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,573,506
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:686.41px;white-space:nowrap">11,510</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,823,002
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:779.21px;white-space:nowrap">1,720</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4965.73px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5783.31px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6129.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2828.62px;letter-spacing:-0.48px;white-space:nowrap">10/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3580.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,280,987
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:686.41px;white-space:nowrap">12,910</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4965.73px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5475.8px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5821.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:6303.79px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,545,533
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:686.41px;white-space:nowrap">20,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2867.83px;white-space:nowrap">Altana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:3374.7px;letter-spacing:-0.48px;white-space:nowrap">Glendale,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:4120.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:4602.04px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:5306.03px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:5928.9px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,049,870
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:686.41px;white-space:nowrap">23,610</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:3408.29px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:3729.41px;letter-spacing:-0.53px;white-space:nowrap">Anaheim,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:4462.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:4944.6px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:5504.59px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:6127.46px;letter-spacing:-0.53px;white-space:nowrap">1/01/54,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">18,429,258
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:779.21px;white-space:nowrap">5,095</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:2868.79px;letter-spacing:-0.16px;white-space:nowrap">Jefferson-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:4289.09px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:4771px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:5474.99px;letter-spacing:-0.6px;white-space:nowrap">2.875%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:6097.86px;letter-spacing:-0.53px;white-space:nowrap">8/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5334.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,308,587
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:779.21px;white-space:nowrap">7,030</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:2868.79px;letter-spacing:-0.16px;white-space:nowrap">Jefferson-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:4289.09px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:4771px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:5474.99px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:6097.86px;letter-spacing:-0.53px;white-space:nowrap">8/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5919.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,759,169
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:779.21px;white-space:nowrap">3,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:2870.7px;white-space:nowrap">Millennium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:3724.78px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:4189.73px;letter-spacing:-0.32px;white-space:nowrap">Bay-Hawthorne,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:5386.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:5868.42px;white-space:nowrap">2021A-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:6535.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6888.87px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6888.87px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6888.87px;left:2611.66px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6888.87px;left:3270.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6504.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,525,062
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:779.21px;white-space:nowrap">3,565</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:2870.7px;white-space:nowrap">Moda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:3337.58px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:3512.14px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:4240.61px;letter-spacing:-0.82px;white-space:nowrap">Station,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:4822.68px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:5296.44px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7281.83px;left:5778.35px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7473.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.400%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7473.83px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7473.83px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7089.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,724,266
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:686.41px;white-space:nowrap">21,695</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:2870.7px;white-space:nowrap">Moda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:3337.58px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:3512.14px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:4240.61px;letter-spacing:-0.82px;white-space:nowrap">Station,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:4822.68px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:5296.44px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7866.79px;left:5778.35px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8058.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8058.79px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8058.79px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7674.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,438,162
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8259.75px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8259.75px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8259.75px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8259.75px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8259.75px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:1656px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:2333.75px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:2984.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:3656.93px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:4199.16px;letter-spacing:-0.29px;white-space:nowrap">Monterrey
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8451.75px;left:4995.79px;letter-spacing:-0.32px;white-space:nowrap">Station
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8643.75px;left:1656px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8643.75px;left:2585.75px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8643.75px;left:3095.82px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8643.75px;left:3441.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8643.75px;left:3923.81px;white-space:nowrap">2021A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:779.21px;white-space:nowrap">2,215
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8844.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,636,686
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:779.21px;white-space:nowrap">9,645</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,266,453
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:779.21px;white-space:nowrap">7,345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:2870.7px;letter-spacing:-0.45px;white-space:nowrap">Oceanaire-Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:4089.09px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:4616.93px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:5090.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:5572.6px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:6276.58px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9630.63px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">9/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9630.63px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,310,362
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:913.61px;white-space:nowrap">450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:3473.42px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:3797.41px;letter-spacing:-1.83px;white-space:nowrap">Portfolio,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:4480.76px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:5298.35px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:5644.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:6126.34px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10215.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10215.59px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10215.59px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7078.26px;white-space:nowrap">3/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:9841.61px;white-space:nowrap">315,301
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:686.41px;white-space:nowrap">12,105</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:2870.7px;letter-spacing:-0.68px;white-space:nowrap">Parallel-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:4140.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:4622.52px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:5182.51px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:5805.38px;letter-spacing:-0.53px;white-space:nowrap">8/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:6464.57px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,934,216
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:779.21px;white-space:nowrap">4,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:5201.08px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:6018.67px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:2687.66px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:3310.53px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:4062.51px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10809.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,814,884
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:779.21px;white-space:nowrap">8,025</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:2870.7px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:3347.98px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:3812.93px;letter-spacing:-2.11px;white-space:nowrap">Bay,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:4149.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:4631.16px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:5335.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:5958.02px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11394.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,760,345
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:779.21px;white-space:nowrap">2,010</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:2868.79px;letter-spacing:-0.67px;white-space:nowrap">Waterscape
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:3768.93px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:4698.68px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:5516.27px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:5862.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:6344.26px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11979.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,620,442
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:779.21px;white-space:nowrap">5,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12756.39px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12948.39px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12948.39px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12948.39px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12948.39px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12948.39px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12564.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,007,214
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">23</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">20,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,029,184</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:686.41px;white-space:nowrap">21,185
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2868.79px;letter-spacing:-1.15px;white-space:nowrap">Wood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3355.98px;letter-spacing:-0.48px;white-space:nowrap">Creek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3827.66px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4757.4px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5267.47px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5613.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6095.46px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2278.87px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,807,959
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1902.08px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9521.62px;letter-spacing:0px;white-space:nowrap">307,841,954
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:1512px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:2360.15px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:2847.19px;white-space:nowrap">0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:3287.67px;white-space:nowrap">(0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:3782.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:3982.22px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:779.21px;white-space:nowrap">6,120</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:5571.96px;white-space:nowrap">HumanGood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:1656px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:2395.03px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:3182.38px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:3728.94px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:4523.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:5005.4px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:5453.4px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:6076.26px;white-space:nowrap">10/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,862,899
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2993.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2993.43px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2993.43px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2993.43px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2993.43px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:2870.7px;white-space:nowrap">Odd
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:3250.54px;letter-spacing:-0.96px;white-space:nowrap">Fellows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:3833.09px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4318.53px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4507.33px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:5246.36px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:2242.71px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3037.26px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3519.18px;white-space:nowrap">2023A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:779.21px;white-space:nowrap">1,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:2278.87px;white-space:nowrap">4/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3578.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,878,359
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.125%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:2278.87px;white-space:nowrap">4/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:9842.61px;letter-spacing:0px;white-space:nowrap">979,160
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:1902.08px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:2715.67px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,720,418
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:1815.2px;letter-spacing:-0.18px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:3462.54px;white-space:nowrap">28.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:4006.38px;white-space:nowrap">(16.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:4604.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:4804.29px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4294.63px;left:5220.76px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:779.21px;white-space:nowrap">4,125</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:1512px;white-space:nowrap">Alameda
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:2209.92px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:2776.95px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:3316.3px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:3901.41px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:4599.33px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:5196.12px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:5971.95px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:3022.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:3504.77px;letter-spacing:-0.69px;white-space:nowrap">2004A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:4064.76px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:4687.63px;white-space:nowrap">8/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:5310.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:5398.34px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:5813.86px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,857,453
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:779.21px;white-space:nowrap">4,420</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Butte-Glenn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:2431.35px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:3319.66px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:3935.49px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:4523.48px;letter-spacing:-0.32px;white-space:nowrap">Butte
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:4949.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:5269.55px;white-space:nowrap">Glenn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:5751.94px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:5048.76px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5340.55px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5340.55px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,640,470
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5541.51px;left:4682.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5733.51px;left:1656px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5733.51px;left:2233.75px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5733.51px;left:2871.34px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5733.51px;left:3353.25px;white-space:nowrap">2016:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:779.21px;white-space:nowrap">4,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:2278.87px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5934.47px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,831,978
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:779.21px;white-space:nowrap">8,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:2278.87px;white-space:nowrap">9/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6135.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,368,480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:779.21px;white-space:nowrap">3,570</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:4682.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:5474.52px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:6052.27px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2021.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:2585.9px;letter-spacing:-1.32px;white-space:nowrap">Forward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:3224.94px;letter-spacing:-1.06px;white-space:nowrap">Delivery,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:3894.21px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6528.39px;left:4517.07px;white-space:nowrap">9/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,917,361
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:1006.4px;white-space:nowrap">50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:5164.75px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:5612.74px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:6235.61px;white-space:nowrap">2/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:9934.41px;white-space:nowrap">50,091
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:5164.75px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:779.21px;white-space:nowrap">9,320
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:2278.87px;white-space:nowrap">12/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7131.27px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,350,383
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7332.23px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7524.23px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7524.23px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7524.23px;left:2932.46px;white-space:nowrap">2015:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:779.21px;white-space:nowrap">6,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:2278.87px;white-space:nowrap">8/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:7078.26px;white-space:nowrap">2/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7725.19px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,867,969
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:686.41px;white-space:nowrap">11,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:2278.87px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7926.15px;left:9615.42px;letter-spacing:0px;white-space:nowrap">11,352,660
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:5895.31px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8319.11px;left:3208.77px;white-space:nowrap">9/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8127.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,238,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:779.21px;white-space:nowrap">7,240</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8712.07px;left:2278.87px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8520.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,255,204
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8913.02px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9105.02px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9105.02px;left:2137.91px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:686.41px;white-space:nowrap">24,970
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:2278.87px;white-space:nowrap">5/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:7078.26px;white-space:nowrap">5/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9305.98px;left:9615.42px;letter-spacing:0px;white-space:nowrap">25,269,390
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:779.21px;white-space:nowrap">8,910</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:2278.87px;white-space:nowrap">10/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9506.94px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,027,167
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:779.21px;white-space:nowrap">7,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9899.9px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9899.9px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9707.9px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,175,924
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:779.21px;white-space:nowrap">9,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10292.86px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10292.86px;left:2278.87px;white-space:nowrap">10/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:7078.26px;white-space:nowrap">4/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10100.86px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,796,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10685.82px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10685.82px;left:2278.87px;white-space:nowrap">4/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10493.82px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,294,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:779.21px;white-space:nowrap">1,770</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11078.78px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11078.78px;left:2278.87px;white-space:nowrap">11/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10886.78px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,750,512
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:779.21px;white-space:nowrap">2,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Centinela
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:2247.83px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:2716.47px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:3193.74px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:3583.02px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:4122.37px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:4710.36px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:4995px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:5635.47px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:4420.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:4902.68px;letter-spacing:-0.69px;white-space:nowrap">2002A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:5462.67px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:6085.54px;white-space:nowrap">2/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11471.74px;left:6707.93px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11663.74px;left:1656px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11663.74px;left:2125.59px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11279.74px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,720,172
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:779.21px;white-space:nowrap">5,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Central
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:2081.91px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:2648.95px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:3188.3px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:3776.29px;letter-spacing:-1.37px;white-space:nowrap">Fresno
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:4307.48px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:4904.28px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:5680.11px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:3022.86px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:3434.05px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:4543.96px;letter-spacing:-0.6px;white-space:nowrap">2018B.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:5135.31px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12056.7px;left:5758.18px;white-space:nowrap">8/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11864.7px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,227,524
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:779.21px;white-space:nowrap">7,860</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:1512px;letter-spacing:-0.59px;white-space:nowrap">Corona-Norco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:2597.59px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:3164.62px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:3703.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:4291.97px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:4999.48px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:5596.27px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:4272.93px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:4720.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:5202.83px;letter-spacing:-0.69px;white-space:nowrap">2019C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12449.66px;left:5766.02px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12641.66px;left:1656px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12641.66px;left:2278.39px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12641.66px;left:2369.59px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12641.66px;left:2765.1px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12257.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,328,636
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:1512px;white-space:nowrap">Elk
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:1768.64px;letter-spacing:-0.48px;white-space:nowrap">Grove
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:2255.35px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:2822.39px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:3361.74px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:3949.73px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:4860.76px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:5457.55px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:6233.38px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:3839.65px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:4287.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:4769.55px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:5217.55px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13034.62px;left:5840.41px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12842.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,824,500
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">24</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3410.38px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">12,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Glendale
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2220.63px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3108.94px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3724.78px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4312.76px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4597.4px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5237.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5834.67px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4272.93px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4680.28px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5278.2px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6072.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2828.62px;white-space:nowrap">8/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,981,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:686.41px;white-space:nowrap">18,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.29px;white-space:nowrap">Grossmont
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2353.91px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3180.78px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3768.77px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4544.6px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5166.67px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5991.3px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2932.46px;letter-spacing:-1.78px;white-space:nowrap">2015D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3493.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4116.76px;white-space:nowrap">7/15/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9614.42px;letter-spacing:0px;white-space:nowrap">17,839,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">6,185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-0.15px;white-space:nowrap">Grossmont-Cuyamaca
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3168.94px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4057.25px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4673.08px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5261.07px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6036.9px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3022.86px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3817.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4299.33px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4747.32px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5370.19px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,030,994
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:779.21px;white-space:nowrap">5,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1512px;white-space:nowrap">Hacienda
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2244.15px;white-space:nowrap">La
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2451.19px;letter-spacing:-1.1px;white-space:nowrap">Puente
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2995.98px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3563.02px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4102.37px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4653.56px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:5314.84px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:6064.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3878.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4551.01px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5093.24px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5754.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:6236.27px;letter-spacing:-0.8px;white-space:nowrap">2007,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2278.87px;white-space:nowrap">8/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,429,336
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1512px;white-space:nowrap">Hacienda
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2244.15px;white-space:nowrap">La
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2451.19px;letter-spacing:-1.1px;white-space:nowrap">Puente
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2995.98px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:3563.02px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:4102.37px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:4690.36px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:4975px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:5615.47px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4420.77px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4831.96px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5496.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5978.66px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2278.87px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,898,810
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:779.21px;white-space:nowrap">5,585</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Lake
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:1889.28px;letter-spacing:-0.32px;white-space:nowrap">Elsinore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:2512.31px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:3079.34px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:3618.7px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4206.69px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4914.2px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:5510.99px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:6286.82px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3022.86px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3434.05px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4543.96px;letter-spacing:-1.6px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4722.52px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:5345.38px;white-space:nowrap">8/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:5967.77px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:6058.97px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,174,391
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:779.21px;white-space:nowrap">5,630</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Lake
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1885.44px;letter-spacing:-2.56px;white-space:nowrap">Tahoe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2369.28px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2936.31px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:3475.66px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:4063.65px;white-space:nowrap">El
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:4238.69px;letter-spacing:-0.27px;white-space:nowrap">Dorado
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:4838.36px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:5435.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:6210.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:3022.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:3504.77px;letter-spacing:-0.8px;white-space:nowrap">2010,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:3952.77px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:4575.63px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5198.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5286.34px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5701.86px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:6328.57px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,304,642
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:779.21px;white-space:nowrap">4,140</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2437.11px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:3325.42px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:3941.25px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:4529.24px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:5305.07px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:5927.15px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:2198.23px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:2609.42px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:3237.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:3719.33px;letter-spacing:-0.69px;white-space:nowrap">2017J,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:4246.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:4868.91px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,091,148
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:779.21px;white-space:nowrap">1,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2437.11px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:3004.14px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:3543.5px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4131.49px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4416.13px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5056.6px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5653.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:3644.94px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:4312.93px;white-space:nowrap">Q
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:4487.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:4969.72px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:5532.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:6155.77px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,285,321
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:779.21px;white-space:nowrap">3,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1512px;white-space:nowrap">Manteca
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2179.83px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2746.87px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:3286.22px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:3874.21px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:4180.93px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:4810.36px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:5407.15px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:6182.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:3650.86px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:4543.96px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:5093.71px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:5716.58px;white-space:nowrap">8/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,037,411
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:1512px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:1969.75px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:2796.62px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:3384.61px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:3842.37px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:4439.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:5214.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:3022.86px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:3434.05px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4098.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4580.76px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:686.41px;white-space:nowrap">10,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:2278.87px;white-space:nowrap">8/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,792,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:779.21px;white-space:nowrap">7,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2278.87px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,188,975
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:779.21px;white-space:nowrap">4,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:1512px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:2240.47px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:2807.51px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:3346.86px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:3934.85px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:4219.49px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:4859.96px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:5456.75px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:6232.58px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:3022.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:3504.77px;letter-spacing:-0.69px;white-space:nowrap">2001B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:4054.52px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:4677.39px;white-space:nowrap">8/01/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5299.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5390.98px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5802.33px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,578,275
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:779.21px;white-space:nowrap">6,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:1512px;letter-spacing:-0.41px;white-space:nowrap">Morgan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:2125.17px;letter-spacing:0px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:2400.11px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:2966.57px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:3505.34px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4092.75px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4536.97px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4958.46px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:5554.67px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:6329.93px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:3650.86px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:4543.96px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:5093.71px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:5716.58px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,715,576
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:686.41px;white-space:nowrap">10,765</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:1512px;letter-spacing:-0.32px;white-space:nowrap">North
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:1971.67px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:2574.39px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:3140.14px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:4028.45px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:4644.28px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:5232.27px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:6008.1px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:3839.65px;white-space:nowrap">2002
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:4250.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:4732.76px;letter-spacing:-0.69px;white-space:nowrap">2003B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:5282.5px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:5905.37px;white-space:nowrap">8/01/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:6527.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7509.67px;left:1656px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7509.67px;left:2067.35px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,405,919
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:779.21px;white-space:nowrap">1,815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:1512px;white-space:nowrap">Orland
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:2064.31px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:2464.47px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:3031.5px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:3570.86px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:4158.85px;white-space:nowrap">Glenn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:4641.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:4957.72px;letter-spacing:-2.19px;white-space:nowrap">Tehama
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:5570.52px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:4420.77px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:4831.96px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:5496.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7902.63px;left:5978.66px;letter-spacing:-0.69px;white-space:nowrap">2012B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8094.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8094.63px;left:2278.87px;white-space:nowrap">8/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8094.63px;left:2941.26px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:7078.26px;white-space:nowrap">8/37
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7710.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,248,303
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:686.41px;white-space:nowrap">10,330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Palomar
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:2143.03px;letter-spacing:-1.49px;white-space:nowrap">Pomerado
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:2935.66px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:3487.66px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:4263.49px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:4885.56px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:5710.19px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">Convertible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:2549.75px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:3102.7px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:4126.21px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:4754.21px;white-space:nowrap">2004
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:5165.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:5647.31px;letter-spacing:-0.69px;white-space:nowrap">2010A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8487.59px;left:6207.3px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8679.59px;left:1656px;white-space:nowrap">8/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8295.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,272,169
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:1512px;letter-spacing:-1.15px;white-space:nowrap">Paramount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:2337.43px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:2904.46px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:3443.82px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:4031.81px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:4316.45px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:4956.92px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:5553.71px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:6329.54px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:3650.86px;white-space:nowrap">2006
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:4543.96px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:4991.95px;letter-spacing:-0.6px;white-space:nowrap">6.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9072.55px;left:5614.82px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:7078.26px;white-space:nowrap">2/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8880.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,963,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:779.21px;white-space:nowrap">7,350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Pleasant
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:2158.39px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:2627.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:3166.38px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:3751.49px;letter-spacing:-1.08px;white-space:nowrap">Ventura
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:4353.72px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:4950.52px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:5726.35px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:3022.86px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:3817.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:4299.33px;letter-spacing:-1.6px;white-space:nowrap">B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:4477.88px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9465.51px;left:5100.75px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9273.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,133,984
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:686.41px;white-space:nowrap">16,736</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:2025.75px;letter-spacing:-1.12px;white-space:nowrap">Rico,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:2414.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:3036.3px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:3860.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:4403.17px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:5854.66px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9858.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9858.47px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,472,456
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:686.41px;white-space:nowrap">28,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:1820.64px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:2677.27px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:3565.58px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:4181.41px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:4769.4px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:5545.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:3839.65px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:4250.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:4732.76px;letter-spacing:-0.69px;white-space:nowrap">2009B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:5282.5px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10251.43px;left:5905.37px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,208,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:779.21px;white-space:nowrap">7,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:2546.71px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:2849.11px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:3231.83px;letter-spacing:-0.32px;white-space:nowrap">Rapid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:3690.87px;letter-spacing:-2.04px;white-space:nowrap">Transit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:4203.5px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:4791.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:5567.32px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:3839.65px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:4287.64px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:4783px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:5264.91px;letter-spacing:-0.53px;white-space:nowrap">2022D-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10644.39px;left:5978.01px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10836.39px;left:1656px;white-space:nowrap">8/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,454,475
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:779.21px;white-space:nowrap">9,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:2546.71px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:3435.02px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:4050.85px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:4638.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:5414.68px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:6036.75px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:2198.23px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:2826.22px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:3237.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:3719.33px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:4279.32px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11229.35px;left:4902.19px;white-space:nowrap">6/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11037.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,117,499
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:686.41px;white-space:nowrap">21,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:1820.64px;letter-spacing:-0.41px;white-space:nowrap">Marcos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:2391.35px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:2958.38px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:3497.74px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:4085.73px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:4394.37px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:4885.88px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:5482.67px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:6258.5px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:3022.86px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:3434.05px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:4098.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:4580.76px;letter-spacing:-0.69px;white-space:nowrap">2012B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:5130.51px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11622.3px;left:5753.38px;white-space:nowrap">8/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11430.3px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,567,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:779.21px;white-space:nowrap">1,220</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:1820.64px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:2326.23px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:2803.51px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:3192.78px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:3732.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:4320.12px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:4628.76px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:5134.36px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:5731.15px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:4272.93px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12015.26px;left:5726.02px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12207.26px;left:1656px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12207.26px;left:2318.39px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:7078.26px;white-space:nowrap">9/41
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11823.26px;left:9841.61px;white-space:nowrap">828,246
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:779.21px;white-space:nowrap">4,970</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:1820.64px;letter-spacing:-0.27px;white-space:nowrap">Rafael
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:2304.48px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:2628.47px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:3017.74px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:3557.1px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:4145.09px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:4602.84px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:5199.63px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:5975.47px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:3022.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:3504.77px;letter-spacing:-0.69px;white-space:nowrap">2004B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:4054.52px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:4677.39px;white-space:nowrap">8/01/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:5299.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:5390.98px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12600.22px;left:5802.33px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12408.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,309,338
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">25</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3410.38px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Santa
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1956.79px;white-space:nowrap">Maria
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2405.11px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2805.26px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3282.54px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3671.81px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4211.17px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4799.16px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5243.95px;letter-spacing:-0.24px;white-space:nowrap">Barbara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5857.22px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6177.54px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6486.18px;letter-spacing:-0.38px;white-space:nowrap">Luis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Obispo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2244.31px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2971.34px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3747.17px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4369.25px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5193.88px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5736.11px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6218.02px;letter-spacing:-0.69px;white-space:nowrap">2003B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2278.87px;white-space:nowrap">8/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">827,042</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">4,175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">Southwestern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2551.66px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3439.97px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4055.8px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4643.79px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4952.43px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5443.94px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6040.74px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4272.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4461.73px;letter-spacing:-0.8px;white-space:nowrap">2002,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4909.72px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5391.63px;letter-spacing:-0.8px;white-space:nowrap">2004,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5839.62px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;white-space:nowrap">8/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2278.39px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2369.59px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2780.94px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,910,806
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">5,530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2192.79px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2759.82px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3299.18px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3887.17px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4193.89px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4823.32px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5420.11px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6195.95px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3650.86px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4543.96px;letter-spacing:-1.78px;white-space:nowrap">2011D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5105.39px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5728.26px;white-space:nowrap">8/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6350.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6438.97px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2282.71px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">8/37
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,721,172
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:686.41px;white-space:nowrap">26,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Sylvan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2015.2px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2492.47px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3031.83px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3619.81px;letter-spacing:-0.09px;white-space:nowrap">Stanislaus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4379px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4975.8px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5751.63px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3839.65px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4287.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4769.55px;letter-spacing:-0.8px;white-space:nowrap">2010,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5217.55px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5840.41px;white-space:nowrap">8/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:6462.8px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:1656px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2071.52px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2698.23px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9614.42px;letter-spacing:0px;white-space:nowrap">20,235,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1512px;letter-spacing:-0.52px;white-space:nowrap">Washington
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2423.19px;letter-spacing:-1.71px;white-space:nowrap">Township
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3155.02px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3670.21px;letter-spacing:-1.15px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4054.21px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4639.32px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5337.23px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4420.77px;white-space:nowrap">2004
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4831.96px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:1656px;white-space:nowrap">2013B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:779.21px;white-space:nowrap">4,740
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2278.87px;white-space:nowrap">8/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,818,542
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:779.21px;white-space:nowrap">4,830</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2278.87px;white-space:nowrap">8/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,903,754
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:686.41px;white-space:nowrap">20,510</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2278.87px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:9615.42px;letter-spacing:0px;white-space:nowrap">20,674,695
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:1512px;letter-spacing:-0.52px;white-space:nowrap">Washington
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2423.19px;letter-spacing:-1.71px;white-space:nowrap">Township
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:3155.02px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:3670.21px;letter-spacing:-1.15px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4054.21px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4639.32px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:5337.23px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4420.77px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4831.96px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1656px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:779.21px;white-space:nowrap">4,355
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:2278.87px;white-space:nowrap">8/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,425,203
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:779.21px;white-space:nowrap">3,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:2278.87px;white-space:nowrap">8/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,553,445
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:779.21px;white-space:nowrap">8,410</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:1512px;letter-spacing:-0.52px;white-space:nowrap">Washington
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:2423.19px;letter-spacing:-1.71px;white-space:nowrap">Township
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:3155.02px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:3670.21px;letter-spacing:-1.15px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:4054.21px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:4639.32px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:5337.23px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:5934.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3644.94px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:4056.13px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2015B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5715.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:1656px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,514,419
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:593.61px;letter-spacing:0px;white-space:nowrap">140,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1512px;letter-spacing:-1.6px;white-space:nowrap">Yosemite
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:2217.75px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3106.06px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3721.89px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:4309.88px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5085.71px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5707.79px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2198.23px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2751.19px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:3774.7px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4402.69px;letter-spacing:-0.8px;white-space:nowrap">2004,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4850.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:5332.59px;letter-spacing:-1.78px;white-space:nowrap">2010D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:5894.02px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:1656px;white-space:nowrap">8/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:2318.39px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:9521.62px;letter-spacing:0px;white-space:nowrap">106,309,958
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:2176.96px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:9521.62px;letter-spacing:0px;white-space:nowrap">498,370,638
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:1815.2px;letter-spacing:-0.07px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:3438.05px;white-space:nowrap">19.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:3981.89px;white-space:nowrap">(11.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:4580.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:4779.8px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6846.07px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:779.21px;white-space:nowrap">1,675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Beaumont
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:2305.43px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:3055.03px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:3799.18px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:4575.01px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:4994.37px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:5590.04px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:6262.52px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:2676.15px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3058.87px;letter-spacing:-0.96px;white-space:nowrap">19A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3433.26px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3915.17px;letter-spacing:-0.69px;white-space:nowrap">2015B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:4464.92px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:5087.79px;white-space:nowrap">9/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,704,581
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:779.21px;white-space:nowrap">1,655</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:1512px;white-space:nowrap">Bell
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:1825.92px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:2714.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:3362.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:4106.21px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:4882.04px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:5339.31px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:6011.79px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2005,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3208.77px;white-space:nowrap">10/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3923.96px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:4012.28px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:4632.11px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,660,412
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:913.61px;white-space:nowrap">745</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:1512px;white-space:nowrap">Bell
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:1825.92px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:2714.23px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:3915.97px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:4542.69px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:5314.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:5590.52px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:6366.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:1656px;white-space:nowrap">Bell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:1969.92px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:2507.03px;letter-spacing:-1.44px;white-space:nowrap">Area,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:2926.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3408.46px;letter-spacing:-0.8px;white-space:nowrap">2003,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3856.45px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:4479.32px;white-space:nowrap">10/01/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:5194.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:5285.7px;white-space:nowrap">RAAI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:5687.14px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:9841.61px;white-space:nowrap">746,475
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:779.21px;white-space:nowrap">1,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:5817.87px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:6275.14px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:2198.23px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:2937.26px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:3339.5px;letter-spacing:-1.81px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:4024.77px;letter-spacing:-0.44px;white-space:nowrap">Retirement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:4863.64px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:5424.59px;letter-spacing:-0.22px;white-space:nowrap">Headquarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:1656px;letter-spacing:-0.44px;white-space:nowrap">Expansion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:2486.71px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:2982.06px;letter-spacing:-0.12px;white-space:nowrap">Bond-Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:4030.53px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:4464.93px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">Certified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5136.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5618.51px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:6066.5px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:1656px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,276,104
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2578.55px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2767.34px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3654.69px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3807.33px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4886.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:1656px;white-space:nowrap">2013G:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:686.41px;white-space:nowrap">10,690
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2278.87px;white-space:nowrap">9/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,708,707
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:686.41px;white-space:nowrap">18,135</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:2278.87px;white-space:nowrap">9/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:9615.42px;letter-spacing:0px;white-space:nowrap">18,164,016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:2578.55px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:2767.34px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:3654.69px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:3807.33px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:4883.64px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:2598.07px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:3259.34px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:3741.25px;letter-spacing:-0.64px;white-space:nowrap">2013F:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:779.21px;white-space:nowrap">8,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:2278.87px;white-space:nowrap">9/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,699,765
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:779.21px;white-space:nowrap">1,450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:2278.87px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,452,218
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:686.41px;white-space:nowrap">10,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:1844.8px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:2732.14px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:2884.78px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:3961.09px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:4538.84px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:5480.91px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11236.62px;left:6142.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:2838.86px;white-space:nowrap">9/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11044.62px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,674,981
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:686.41px;white-space:nowrap">17,395</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:5820.75px;white-space:nowrap">Judicial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Council
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:2253.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:2442.07px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:3217.9px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:3591.02px;letter-spacing:-0.11px;white-space:nowrap">Stockton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:4271.81px;letter-spacing:-0.72px;white-space:nowrap">Courthouse,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:5205.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:5687.47px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:6237.22px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:1656px;white-space:nowrap">10/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:9614.42px;letter-spacing:0px;white-space:nowrap">17,664,101
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:779.21px;white-space:nowrap">9,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2250.88px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2656.8px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:3135.05px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:3631.68px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:4149.93px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:4607.05px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:5279.37px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:5818.57px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:6396.17px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12406.54px;left:1656px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12406.54px;left:2303.83px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12406.54px;left:2785.74px;letter-spacing:-0.69px;white-space:nowrap">2013I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12406.54px;left:3275.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12406.54px;left:3898.2px;white-space:nowrap">11/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,967,114
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:686.41px;white-space:nowrap">13,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:2250.88px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:2656.8px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:3135.05px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:3631.68px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:4149.93px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:4607.05px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:5279.37px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:5818.57px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:6396.17px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12799.5px;left:1656px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12799.5px;left:2303.83px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12799.5px;left:2785.74px;letter-spacing:-0.69px;white-space:nowrap">2014E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12799.5px;left:3328.45px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12799.5px;left:3951.32px;white-space:nowrap">9/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12607.5px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,712,660
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">26</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">545</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3509.57px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4182.05px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4724.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5206.19px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5910.18px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">6/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">566,211</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">Government
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2471.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2659.82px;letter-spacing:-0.8px;white-space:nowrap">Guam,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3853.25px;letter-spacing:-0.77px;white-space:nowrap">Privilege
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4514.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4793.4px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2932.46px;white-space:nowrap">2015D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">9,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2278.87px;white-space:nowrap">11/15/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,086,760
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:686.41px;white-space:nowrap">11,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2278.87px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,760,310
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:1512px;white-space:nowrap">Jurupa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2061.27px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2541.59px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3291.19px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4035.33px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4811.17px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:5376.45px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3352.62px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:913.61px;white-space:nowrap">530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:2278.87px;white-space:nowrap">9/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">538,687
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:779.21px;white-space:nowrap">1,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2278.87px;white-space:nowrap">9/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,930,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:779.21px;white-space:nowrap">1,220</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:2278.87px;white-space:nowrap">9/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3021.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,238,922
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:779.21px;white-space:nowrap">1,955</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:1512px;white-space:nowrap">Jurupa
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:2061.27px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:2541.59px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:3291.19px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:4035.33px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:4811.17px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:5376.45px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:5655.16px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:6327.64px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3414.95px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3414.95px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3414.95px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3414.95px;left:3320.77px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3222.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,012,927
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:913.61px;white-space:nowrap">810</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Lake
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:1889.28px;letter-spacing:-0.32px;white-space:nowrap">Elsinore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2512.31px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2992.63px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:3742.22px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:4486.37px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:5262.21px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:5681.57px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:6277.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:3474.7px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:3922.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3807.91px;left:4545.56px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:9841.61px;white-space:nowrap">817,808
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:1512px;letter-spacing:-1.24px;white-space:nowrap">Lathrop,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:2150.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:2926.23px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:3513.26px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:4337.89px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:5360.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:5903.15px;letter-spacing:-0.52px;white-space:nowrap">Crossroads
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:1656px;white-space:nowrap">Assessment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:2560.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:3148.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:3630.04px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:4078.03px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4200.87px;left:4700.9px;white-space:nowrap">9/02/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,006,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4401.83px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:2431.83px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:3099.82px;white-space:nowrap">R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:3235.66px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:3650.38px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:3929.1px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:4601.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4593.83px;left:5143.8px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:2137.91px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:779.21px;white-space:nowrap">5,125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:2278.87px;white-space:nowrap">6/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,354,805
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:779.21px;white-space:nowrap">5,620</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:2278.87px;white-space:nowrap">6/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5187.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,858,569
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:686.41px;white-space:nowrap">10,455</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:2278.87px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,889,614
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:686.41px;white-space:nowrap">20,735</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:4588.77px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:5084.12px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:5594.19px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5781.67px;left:5940.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2838.86px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5589.67px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,028,864
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:779.21px;white-space:nowrap">3,995</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:4588.77px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:5098.84px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:5444.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:5926.83px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2278.87px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6174.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,189,716
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:779.21px;white-space:nowrap">8,945</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:4588.77px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:5098.84px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:5444.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:5926.83px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:2278.87px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,830,197
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:3002.86px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:3481.26px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:3978.05px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:4727.65px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:5471.8px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:6247.63px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:3352.62px;letter-spacing:-0.53px;white-space:nowrap">2019E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:4039.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:4662.19px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:6985.46px;white-space:nowrap">12/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,126,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:779.21px;white-space:nowrap">1,835</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:1512px;letter-spacing:-0.75px;white-space:nowrap">Modesto,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:2239.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:3015.18px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:3580.46px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:3859.18px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:4401.41px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:5289.72px;letter-spacing:-0.77px;white-space:nowrap">Faclities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:5910.99px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:6462.18px;white-space:nowrap">2004-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:1656px;white-space:nowrap">1
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:1785.92px;letter-spacing:-0.36px;white-space:nowrap">Village
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:2321.43px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:2681.91px;letter-spacing:-1.6px;white-space:nowrap">2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:2851.51px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:3646.06px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:4127.97px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:4575.96px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:5198.83px;white-space:nowrap">9/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,862,543
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Norco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:2004.48px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:3206.22px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:3832.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:4604.93px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:4880.77px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:5656.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:6198.68px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:1656px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:2038.72px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:2208.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:2690.23px;letter-spacing:-0.8px;white-space:nowrap">2009,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:3138.22px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:3761.09px;white-space:nowrap">3/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,003,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:779.21px;white-space:nowrap">6,815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:1512px;white-space:nowrap">Ontario
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:2112.47px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:3317.1px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:4066.69px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:4810.84px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:5119.48px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:5976.11px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:3104.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:3646.54px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:4851.16px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:5391.16px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:5560.75px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:6355.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">1995,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">7.400%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:2726.86px;white-space:nowrap">8/01/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:3349.25px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:3440.45px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:3910.04px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,052,843
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:779.21px;white-space:nowrap">6,055</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Orange
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:2114.71px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:2680.46px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:3098.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:4188.93px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:4933.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:5708.91px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:6376.9px;white-space:nowrap">M2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:1656px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:2070.72px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:2349.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:3021.91px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:3564.14px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:4147.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:4426.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:4907.97px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:5355.96px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:5978.82px;white-space:nowrap">2/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:7078.26px;white-space:nowrap">2/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9108.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,518,389
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9693.35px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9693.35px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9693.35px;left:2870.7px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9693.35px;left:3840.29px;white-space:nowrap">2018A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:686.41px;white-space:nowrap">14,741
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:7723.21px;white-space:nowrap">30.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,046,670
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:686.41px;white-space:nowrap">91,462</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:9615.42px;letter-spacing:0px;white-space:nowrap">88,754,725
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:2866.87px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:3464.78px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:4434.37px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Cofina
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10488.22px;left:4950.84px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:2137.91px;white-space:nowrap">2019A-2:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:1006.4px;white-space:nowrap">43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.536%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:2278.87px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10881.18px;left:9935.41px;letter-spacing:0px;white-space:nowrap">38,917
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:779.21px;white-space:nowrap">8,185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.784%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11082.14px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,672,537
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:779.21px;white-space:nowrap">3,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Rancho
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:2095.36px;white-space:nowrap">Cucamonga
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:3027.51px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:4229.26px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:4824.93px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:5594.2px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:2427.99px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:2703.83px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:3479.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:4021.74px;letter-spacing:-0.27px;white-space:nowrap">Rancho
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:4605.1px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:5809.72px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11475.1px;left:6386.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11667.1px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11667.1px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11667.1px;left:2726.86px;white-space:nowrap">9/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11283.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,558,835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:913.61px;white-space:nowrap">815</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:1512px;white-space:nowrap">River
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:1915.03px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:2459.35px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:2939.66px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:3689.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:4433.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:5209.24px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:5774.52px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:6053.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:3756.77px;white-space:nowrap">2003-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:4311.96px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:5332.11px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:5714.83px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12060.06px;left:5884.43px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:3464.77px;white-space:nowrap">9/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:4087.15px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:4175.48px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12252.06px;left:4590.99px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:7078.26px;white-space:nowrap">9/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11868.06px;left:9841.61px;white-space:nowrap">796,133
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:1512px;white-space:nowrap">Riverside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:2219.51px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:2781.42px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:3874.37px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:4857.56px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:5633.39px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:6048.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:3665.26px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:4248.45px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:4527.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:5009.08px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:5558.83px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12645.02px;left:6181.7px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:6985.46px;white-space:nowrap">12/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12453.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,291,650
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">27</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Riverside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2219.51px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2816.3px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3592.13px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4157.41px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4436.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4978.36px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2868.46px;white-space:nowrap">04-2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3238.06px;letter-spacing:-0.58px;white-space:nowrap">Lake
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3615.33px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3890.85px;letter-spacing:-1.1px;white-space:nowrap">Crest,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4350.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4832.75px;white-space:nowrap">2012:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:913.61px;white-space:nowrap">990</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">9/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">3/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">996,099</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">2,615
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">9/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">3/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,627,421
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1512px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2219.51px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2816.3px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:3592.13px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4157.41px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4436.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4978.36px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2868.46px;white-space:nowrap">05-8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3238.06px;letter-spacing:-0.32px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3645.57px;letter-spacing:-1.12px;white-space:nowrap">Road,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4101.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4583.32px;white-space:nowrap">2013:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:913.61px;white-space:nowrap">555
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2278.87px;white-space:nowrap">9/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:9842.61px;letter-spacing:0px;white-space:nowrap">555,433
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:913.61px;white-space:nowrap">710</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:2278.87px;white-space:nowrap">9/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2236.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">710,121
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:1512px;letter-spacing:-0.61px;white-space:nowrap">Roseville,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:2233.12px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:3008.8px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:3573.92px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:3852.49px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:4394.57px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2437.03px;left:5282.73px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:1656px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:2207.19px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:2338.07px;letter-spacing:-1.06px;white-space:nowrap">Westpark,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:3104.13px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:3898.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:4380.6px;white-space:nowrap">2015:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:913.61px;white-space:nowrap">385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:2278.87px;white-space:nowrap">9/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2829.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">393,305
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:913.61px;white-space:nowrap">575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:2278.87px;white-space:nowrap">9/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3030.95px;left:9842.61px;letter-spacing:0px;white-space:nowrap">582,078
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:779.21px;white-space:nowrap">4,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:1512px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:2423.03px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:2747.02px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:3496.62px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:4240.77px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:5012.76px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:5288.6px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:6064.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:2198.23px;letter-spacing:-0.41px;white-space:nowrap">Merged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:2820.78px;white-space:nowrap">Downtown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:3652.77px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:4563.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:4884.12px;white-space:nowrap">Oak
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:5227.15px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:5574.99px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3423.91px;left:6222.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2005A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:2838.86px;white-space:nowrap">12/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:3554.04px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:3645.24px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3615.91px;left:4056.6px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3231.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,087,667
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:1820.64px;letter-spacing:-0.15px;white-space:nowrap">Buenaventura
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:2872.62px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:4074.37px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:4701.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3816.87px;left:5473.08px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:2431.67px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:2973.91px;letter-spacing:-0.41px;white-space:nowrap">Merged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:3596.46px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:4133.57px;letter-spacing:-1.23px;white-space:nowrap">Areas,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:4624.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4008.87px;left:5106.04px;white-space:nowrap">2008:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:913.61px;white-space:nowrap">840
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">7.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:2278.87px;white-space:nowrap">8/01/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4209.83px;left:9842.61px;letter-spacing:0px;white-space:nowrap">842,797
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:779.21px;white-space:nowrap">1,325</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">8.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:2278.87px;white-space:nowrap">8/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4410.79px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,329,571
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:913.61px;white-space:nowrap">615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:1820.64px;letter-spacing:-0.48px;white-space:nowrap">Clemente,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:2612.47px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:3388.3px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:3953.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:4232.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:4904.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:5447px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:2868.46px;white-space:nowrap">2006-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:3423.65px;letter-spacing:-0.09px;white-space:nowrap">Marblehead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:4353.4px;letter-spacing:-0.75px;white-space:nowrap">Coastal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:4974.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:5456.1px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4803.75px;left:5904.09px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4995.75px;left:1656px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4611.75px;left:9841.61px;white-space:nowrap">622,091
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:913.61px;white-space:nowrap">255</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:5367.65px;white-space:nowrap">District&#160;&#160;6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5388.71px;left:6091.63px;white-space:nowrap">Mission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:1656px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:1961.28px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:2426.23px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:2906.55px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:4037.41px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:4831.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:5313.88px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5580.71px;left:5873.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:1656px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5196.71px;left:9841.61px;white-space:nowrap">256,851
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:779.21px;white-space:nowrap">1,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:5367.65px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:5918.83px;letter-spacing:-1.6px;white-space:nowrap">7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6088.43px;white-space:nowrap">Hunters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2058.71px;letter-spacing:-0.32px;white-space:nowrap">Shipyard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2743.99px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3218.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3578.54px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:4709.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:5503.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:5985.87px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:2278.87px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,782,402
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:2427.99px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:2703.83px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:3479.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:4021.74px;white-space:nowrap">Mission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:4616.29px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:4921.57px;letter-spacing:-0.32px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:5381.24px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2232.79px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:3027.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:3509.26px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:4069.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:4692.12px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:5314.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:5405.7px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:5875.3px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,132,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:913.61px;white-space:nowrap">785</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:1512px;white-space:nowrap">Signal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:2002.08px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:2277.59px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:3479.34px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:4106.06px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:4881.89px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5421.88px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5550.84px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5826.68px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:3128.13px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:3751px;white-space:nowrap">10/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:9841.61px;white-space:nowrap">786,774
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:779.21px;white-space:nowrap">2,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:2192.6px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:2672.72px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:3422.13px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:4166.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:4941.72px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:5614px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:6153.16px;letter-spacing:-0.58px;white-space:nowrap">Arch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:6532.96px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:1656px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:1997.91px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:2886.22px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:3423.02px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:3974.21px;letter-spacing:-0.69px;white-space:nowrap">99-02,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:4473.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:4955.31px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:5515.3px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:6138.17px;white-space:nowrap">9/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,568,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:1512px;letter-spacing:-1.71px;white-space:nowrap">Temecula
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:2250.87px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:2731.19px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:3480.79px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:4224.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:5000.77px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8121.51px;left:5566.05px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:3086.54px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:3747.82px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:4299.01px;letter-spacing:-0.69px;white-space:nowrap">16-01,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:4798.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8313.51px;left:5280.11px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:913.61px;white-space:nowrap">960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/27,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:9842.61px;letter-spacing:0px;white-space:nowrap">993,859
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:779.21px;white-space:nowrap">1,435</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/32,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,530,442
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:779.21px;white-space:nowrap">5,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,736,936
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:779.21px;white-space:nowrap">1,350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:1512px;letter-spacing:-1.71px;white-space:nowrap">Temecula
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:2248px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:2716.63px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:3283.67px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:3823.02px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:4411.01px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:5118.52px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:5715.31px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:1656px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:2221.28px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:2500px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:3042.23px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:3930.54px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:4591.81px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:5143px;white-space:nowrap">2002-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9309.35px;left:5698.19px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:1656px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2038.72px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2208.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2690.23px;letter-spacing:-0.8px;white-space:nowrap">2012,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:3138.22px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:3761.09px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,351,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:1512px;letter-spacing:-1.81px;white-space:nowrap">Transbay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:2197.43px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:2597.59px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:3153.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:3897.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:4669.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:4945.24px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:2708.3px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:3203.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:3685.57px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:779.21px;white-space:nowrap">4,125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:2278.87px;white-space:nowrap">10/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10095.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,167,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:779.21px;white-space:nowrap">7,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:2278.87px;white-space:nowrap">10/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10296.22px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,314,286
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:779.21px;white-space:nowrap">1,620</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:1512px;letter-spacing:-0.82px;white-space:nowrap">Virgin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:1977.6px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:2521.91px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:3002.22px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:3609.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:4353.41px;letter-spacing:-0.48px;white-space:nowrap">Gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:4812.6px;letter-spacing:-0.21px;white-space:nowrap">Receipts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:5469.08px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:5909.39px;letter-spacing:-0.58px;white-space:nowrap">Loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:6304.27px;letter-spacing:-0.8px;white-space:nowrap">Note,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2012A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:4115.32px;white-space:nowrap">10/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:4830.51px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:4918.83px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10689.18px;left:5334.35px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10497.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,620,632
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:2176.96px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10890.14px;left:9521.62px;letter-spacing:0px;white-space:nowrap">355,251,051
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:2770.87px;white-space:nowrap">22.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:3314.7px;white-space:nowrap">(13.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:3913.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:4112.62px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11204.46px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:1512px;white-space:nowrap">Bay
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:1814.4px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:2193.28px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:2484.64px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:3228.78px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:4004.62px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:4677.09px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:5219.32px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:5527.96px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:6254.03px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:6556.43px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:1950.24px;letter-spacing:-0.6px;white-space:nowrap">Bridge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:2520.95px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:3459.5px;letter-spacing:-0.64px;white-space:nowrap">Fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:3896.46px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:4256.45px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:4738.37px;letter-spacing:-0.53px;white-space:nowrap">2017S-7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:5420.59px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11665.42px;left:6043.46px;white-space:nowrap">4/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:7078.26px;white-space:nowrap">4/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11473.42px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,064,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:779.21px;white-space:nowrap">7,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:4357.25px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:4926.37px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:5463.17px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:6135.64px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:1656px;white-space:nowrap">United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:2183.83px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:2806.07px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:3097.42px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:3382.06px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:4022.53px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:4978.04px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:5533.39px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12058.38px;left:6110.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12250.38px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12250.38px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12250.38px;left:2726.86px;letter-spacing:-0.53px;white-space:nowrap">7/15/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12250.38px;left:3386.05px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11866.38px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,678,668
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:779.21px;white-space:nowrap">1,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:1922.56px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:2450.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:3226.22px;white-space:nowrap">Harbor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:3781.41px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:4453.89px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:4996.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:5478.03px;letter-spacing:-1.78px;white-space:nowrap">2015D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:6039.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12643.34px;left:1656px;white-space:nowrap">5/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12451.34px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,225,032
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">28</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2718.71px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1922.56px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2450.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3226.22px;white-space:nowrap">Harbor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3781.41px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4453.89px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4996.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">2019A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">5/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,062,340</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">5/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,916,475
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4671px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:5465.55px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2594.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3076.46px;white-space:nowrap">2022C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:779.21px;white-space:nowrap">3,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,570,617
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,002,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:686.41px;white-space:nowrap">13,625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:3844.13px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:4638.68px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:5577.23px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2821.03px;left:5923.31px;letter-spacing:-1.16px;white-space:nowrap">Private
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:1656px;white-space:nowrap">Activity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2225.59px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2707.5px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3267.49px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3890.36px;letter-spacing:-0.53px;white-space:nowrap">5/15/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:4549.55px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2629.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,995,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2296.05px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3251.13px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3842.86px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:4636.99px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:5575.11px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:5920.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:6402.25px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2278.87px;white-space:nowrap">5/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,251,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:4671px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:5181.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2137.91px;white-space:nowrap">2015D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:779.21px;white-space:nowrap">2,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,652,416
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,030,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:686.41px;white-space:nowrap">24,920</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:9615.42px;letter-spacing:0px;white-space:nowrap">25,160,478
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4986.79px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4671px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:5181.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;white-space:nowrap">2022H:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:779.21px;white-space:nowrap">4,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,061,654
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:779.21px;white-space:nowrap">5,080</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,221,376
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5973.67px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:4671px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:1656px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2002.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2483.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/34,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,032,470
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:686.41px;white-space:nowrap">24,405</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:9615.42px;letter-spacing:0px;white-space:nowrap">24,683,217
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:779.21px;white-space:nowrap">3,310</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2018C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7152.55px;left:6173.86px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7344.55px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,369,514
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:5610.67px;letter-spacing:-1.78px;white-space:nowrap">2018D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7737.51px;left:6172.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7545.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,116,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:779.21px;white-space:nowrap">5,485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2019E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8322.47px;left:6153.38px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8514.47px;left:1656px;white-space:nowrap">5/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:6985.46px;white-space:nowrap">11/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,823,424
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8715.43px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8907.43px;left:4671px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9099.43px;left:1656px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9099.43px;left:2002.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9099.43px;left:2483.99px;white-space:nowrap">2021D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:913.61px;white-space:nowrap">945
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9300.39px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,009,969
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:686.41px;white-space:nowrap">22,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9501.35px;left:9615.42px;letter-spacing:0px;white-space:nowrap">23,009,384
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:779.21px;white-space:nowrap">4,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9894.3px;left:6170.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10086.3px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10086.3px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9702.3px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,321,491
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:779.21px;white-space:nowrap">1,865</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:2437.11px;white-space:nowrap">Harbors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:3063.34px;letter-spacing:-0.56px;white-space:nowrap">Department,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:4022.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:4798.52px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:5470.99px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:6013.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10479.26px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10479.26px;left:2219.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10479.26px;left:2842.06px;white-space:nowrap">8/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10287.26px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,887,548
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:779.21px;white-space:nowrap">4,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:1512px;white-space:nowrap">Riverside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:2219.51px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:2781.42px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:3874.37px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:4857.56px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:5629.55px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:5923.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:1656px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:2250.39px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:2596.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:3138.7px;letter-spacing:-1.15px;white-space:nowrap">RCTC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:3590.38px;white-space:nowrap">91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:3815.97px;letter-spacing:-0.36px;white-space:nowrap">Express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:4418.04px;letter-spacing:-0.69px;white-space:nowrap">Lanes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:4917.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:5711.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10872.22px;left:6193.86px;letter-spacing:-0.69px;white-space:nowrap">2021C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11064.22px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11064.22px;left:2278.87px;white-space:nowrap">6/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10680.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,318,539
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:779.21px;white-space:nowrap">7,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:1512px;white-space:nowrap">Riverside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:2219.51px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:2781.42px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:3874.37px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:4857.56px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:5629.55px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:5923.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:2512.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:3054.38px;letter-spacing:-1.15px;white-space:nowrap">RCTC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:3506.06px;white-space:nowrap">91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:3731.65px;letter-spacing:-0.36px;white-space:nowrap">Express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:4333.72px;letter-spacing:-0.69px;white-space:nowrap">Lanes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:4833.08px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:5627.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11457.18px;left:6109.54px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11649.18px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11649.18px;left:2278.87px;white-space:nowrap">6/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11265.18px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,219,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11850.14px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:2211.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:2883.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:3426.06px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:4220.61px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:5159.16px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12234.14px;left:1656px;white-space:nowrap">2019A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:779.21px;white-space:nowrap">3,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:2278.87px;white-space:nowrap">7/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,982,716
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:779.21px;white-space:nowrap">1,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:2278.87px;white-space:nowrap">7/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12636.06px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,366,175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:779.21px;white-space:nowrap">6,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:5627.63px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:6182.99px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:2198.23px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:3136.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:3618.69px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:4178.68px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13029.02px;left:4801.55px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12837.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,602,560
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">29</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2718.71px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">25,270</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3929.73px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5014.52px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5652.11px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2828.62px;white-space:nowrap">5/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9614.42px;letter-spacing:0px;white-space:nowrap">26,105,173</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2198.23px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2506.87px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3232.94px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4188.45px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4780.6px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2250.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2732.31px;white-space:nowrap">2019A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">3,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,169,656
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,055,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:686.41px;white-space:nowrap">42,645</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:9615.42px;letter-spacing:0px;white-space:nowrap">43,553,765
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:779.21px;white-space:nowrap">9,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4524.13px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:5608.91px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2219.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2842.06px;white-space:nowrap">5/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,225,720
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:686.41px;white-space:nowrap">22,835</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:5006.04px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:5555.79px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:6178.66px;letter-spacing:-0.53px;white-space:nowrap">5/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:1656px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,972,695
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:686.41px;white-space:nowrap">10,910</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:5006.04px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:5566.03px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:6188.9px;letter-spacing:-0.53px;white-space:nowrap">5/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:1656px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,076,596
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:2198.23px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:2506.87px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3232.94px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4188.45px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4780.6px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:5375px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1656px;white-space:nowrap">2018D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:686.41px;white-space:nowrap">23,845
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4959.91px;left:9615.42px;letter-spacing:0px;white-space:nowrap">24,273,733
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:686.41px;white-space:nowrap">18,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:9615.42px;letter-spacing:0px;white-space:nowrap">18,293,489
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:686.41px;white-space:nowrap">10,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:9615.42px;letter-spacing:0px;white-space:nowrap">10,791,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:779.21px;white-space:nowrap">4,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:5006.04px;letter-spacing:-0.69px;white-space:nowrap">2019E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:5548.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5754.79px;left:6171.62px;letter-spacing:-0.53px;white-space:nowrap">5/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1656px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,078,360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:779.21px;white-space:nowrap">7,510</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:5006.04px;letter-spacing:-3.15px;white-space:nowrap">2019F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:5526.67px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6339.75px;left:6149.54px;white-space:nowrap">5/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6147.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,850,879
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:686.41px;white-space:nowrap">16,936</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:2431.83px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:3226.39px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:3736.46px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4078.7px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4372.94px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:4791.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:5464.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6732.71px;left:6006.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6924.71px;left:2838.86px;white-space:nowrap">1/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,730,496
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:779.21px;white-space:nowrap">6,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:1818.72px;letter-spacing:-0.8px;white-space:nowrap">Jose,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:2234.55px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:3007.51px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:3562.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:4235.33px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:4777.56px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:5572.11px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:6054.03px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7317.67px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7078.26px;white-space:nowrap">3/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7125.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,302,187
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7518.63px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7518.63px;left:1898.24px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7518.63px;left:9521.62px;letter-spacing:0px;white-space:nowrap">391,114,707
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:2901.43px;white-space:nowrap">19.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:3445.26px;white-space:nowrap">(11.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:4043.82px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:4243.17px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:4659.65px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7832.95px;left:5701.71px;white-space:nowrap">(g)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:686.41px;white-space:nowrap">18,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:1512px;white-space:nowrap">Antelope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:2227.51px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:2696.15px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:3584.46px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:4200.29px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:4788.28px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:5072.92px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:5713.39px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:5048.76px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:3983.32px;white-space:nowrap">2/15/27)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">19,890,768
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:779.21px;white-space:nowrap">9,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:1512px;white-space:nowrap">Bay
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:1814.4px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2193.28px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2484.64px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:3228.78px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:4004.62px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:4677.09px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:5219.32px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:5527.96px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:6254.03px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:1656px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:2034.88px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:2329.12px;letter-spacing:-0.6px;white-space:nowrap">Bridge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:2899.83px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:3838.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:4320.29px;letter-spacing:-0.53px;white-space:nowrap">2019S-H,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:5024.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:5647.46px;letter-spacing:-0.53px;white-space:nowrap">4/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:6306.65px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:2370.71px;white-space:nowrap">4/01/29)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,635,345
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:779.21px;white-space:nowrap">1,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:2679.82px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:3474.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:3956.29px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:4516.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:5139.15px;letter-spacing:-0.53px;white-space:nowrap">8/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:5798.33px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1656px;white-space:nowrap">8/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,333,522
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:686.41px;white-space:nowrap">12,880
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:4076.12px;white-space:nowrap">11/15/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10249.75px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,701,229
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:686.41px;white-space:nowrap">16,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:2679.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:3161.73px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:3721.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:4344.59px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:5096.58px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:6141.84px;white-space:nowrap">11/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:9614.42px;letter-spacing:0px;white-space:nowrap">16,964,512
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:686.41px;white-space:nowrap">21,255</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:5817.87px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:4441.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:4923.48px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:5483.47px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:6106.34px;letter-spacing:-0.48px;white-space:nowrap">10/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:2701.27px;white-space:nowrap">10/01/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,555,381
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:5571.96px;white-space:nowrap">Biola
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:5977.23px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:3208.77px;letter-spacing:-0.48px;white-space:nowrap">10/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:3960.76px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:5006.02px;white-space:nowrap">10/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,001,130
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:686.41px;white-space:nowrap">18,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:5571.96px;letter-spacing:-1.65px;white-space:nowrap">Pomona
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:6208.43px;letter-spacing:-0.75px;white-space:nowrap">College,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:3208.77px;letter-spacing:-0.53px;white-space:nowrap">1/01/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:3867.96px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:4913.22px;white-space:nowrap">1/01/28)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:9614.42px;letter-spacing:0px;white-space:nowrap">19,935,570
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:5164.75px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:913.61px;white-space:nowrap">925
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:4076.12px;white-space:nowrap">12/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12415.5px;left:9842.61px;letter-spacing:0px;white-space:nowrap">928,839
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:779.21px;white-space:nowrap">5,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:5802.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:2198.23px;white-space:nowrap">Buck
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:2594.55px;white-space:nowrap">Institute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:3216.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:3459.33px;letter-spacing:-0.64px;white-space:nowrap">Research
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:4159.8px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:4387.64px;letter-spacing:-0.69px;white-space:nowrap">Aging,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:4911.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:5393.55px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12808.46px;left:5841.54px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">11/15/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:2407.98px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:3453.25px;white-space:nowrap">11/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:4216.43px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:4304.75px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13000.46px;left:4720.27px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,629,250
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">30</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1852px;letter-spacing:-0.2px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2809.27px;white-space:nowrap">(g)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3063.98px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,670</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5802.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2198.23px;white-space:nowrap">Huntington
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3065.26px;white-space:nowrap">Memorial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3800.93px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4479.48px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5274.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5755.94px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6305.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">7/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2315.19px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3360.45px;white-space:nowrap">7/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,712,987</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">7,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Desert
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2033.59px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2921.9px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3537.73px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4125.72px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4833.23px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5430.02px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6205.85px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3022.86px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3817.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4299.33px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4747.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5370.19px;letter-spacing:-0.53px;white-space:nowrap">8/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6029.37px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2370.71px;white-space:nowrap">2/01/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">2/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,872,450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:686.41px;white-space:nowrap">20,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5846.03px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6140.27px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3663.34px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4163.33px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4509.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4991.32px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5554.51px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6177.38px;letter-spacing:-0.53px;white-space:nowrap">1/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2701.27px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9614.42px;letter-spacing:0px;white-space:nowrap">20,962,923
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:686.41px;white-space:nowrap">45,735
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:9615.42px;letter-spacing:0px;white-space:nowrap">46,179,544
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:686.41px;white-space:nowrap">45,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:9615.42px;letter-spacing:0px;white-space:nowrap">46,205,113
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1512px;white-space:nowrap">Golden
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:1656px;white-space:nowrap">Enhanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:2424.96px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:3083.67px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:3910.38px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:4937.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:3474.7px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:779.21px;white-space:nowrap">1,790
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,852,990
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:779.21px;white-space:nowrap">1,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,511,377
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:686.41px;white-space:nowrap">86,320</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:9615.42px;letter-spacing:0px;white-space:nowrap">89,357,601
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2198.23px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2482.87px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:3123.34px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4078.85px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4671px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:1656px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:2002.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:2483.99px;white-space:nowrap">2021D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:1006.4px;white-space:nowrap">55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3983.32px;letter-spacing:-0.44px;white-space:nowrap">11/15/31),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:4783.3px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:9935.41px;letter-spacing:0px;white-space:nowrap">60,683
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1006.4px;white-space:nowrap">70</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:3983.32px;letter-spacing:-0.44px;white-space:nowrap">11/15/31),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:4783.3px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:6985.46px;white-space:nowrap">11/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:9935.41px;letter-spacing:0px;white-space:nowrap">77,233
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:779.21px;white-space:nowrap">5,840</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Orange
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2114.71px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2678.55px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3151.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3739.97px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:4515.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:5188.27px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:6043.62px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2634.71px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3116.62px;letter-spacing:-0.69px;white-space:nowrap">1999A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3676.61px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4299.48px;letter-spacing:-0.53px;white-space:nowrap">8/15/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4958.67px;white-space:nowrap">(ETM)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,415,123
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:913.61px;white-space:nowrap">905</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Orange
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2114.71px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2678.55px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:3151.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:3739.97px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:4515.8px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:5188.27px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:6043.62px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:1656px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:2634.71px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:3116.62px;letter-spacing:-0.69px;white-space:nowrap">2003B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:3666.37px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:4289.24px;letter-spacing:-0.53px;white-space:nowrap">8/15/34,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:4948.42px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:5993.69px;white-space:nowrap">8/15/32)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:6664.08px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:1656px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:2125.59px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,057,637
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:2379.35px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:2859.67px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:3469.59px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:4435.33px;letter-spacing:-0.22px;white-space:nowrap">Commonwealth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:5636.44px;letter-spacing:-0.32px;white-space:nowrap">Appropriation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2002E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:3222.85px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:3845.72px;letter-spacing:-0.53px;white-space:nowrap">8/01/26,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:4504.91px;white-space:nowrap">(ETM)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6549.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,139,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:779.21px;white-space:nowrap">1,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Rohnert
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:2127.83px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:2475.67px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:3363.98px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:4402.36px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:5385.55px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:6157.55px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2431.67px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2973.91px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:4178.53px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:4718.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:5200.44px;letter-spacing:-0.69px;white-space:nowrap">2007R,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:5744.27px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7326.63px;left:1656px;white-space:nowrap">8/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7326.63px;left:2278.39px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7326.63px;left:2369.59px;white-space:nowrap">FGIC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7326.63px;left:2780.94px;letter-spacing:-0.85px;white-space:nowrap">Insured,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7326.63px;left:3404.45px;white-space:nowrap">(ETM)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,522,123
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:779.21px;white-space:nowrap">4,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:2312.15px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:3200.46px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:3816.29px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:4404.28px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:4712.92px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:5204.43px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:5801.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:3644.94px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:4439.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:4921.4px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:5369.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7719.59px;left:5992.26px;letter-spacing:-0.53px;white-space:nowrap">8/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7911.59px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7911.59px;left:2701.27px;white-space:nowrap">8/01/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,512,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:3557.1px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:4650.04px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:5633.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:6409.07px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:1656px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:1934.72px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:2607.19px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:3149.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:3631.33px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:4191.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:4814.19px;letter-spacing:-0.53px;white-space:nowrap">4/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:5473.38px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8496.55px;left:1656px;white-space:nowrap">4/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:7078.26px;white-space:nowrap">4/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,057,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:779.21px;white-space:nowrap">1,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:1512px;white-space:nowrap">Silicon
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:2030.4px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:2499.03px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:2961.59px;letter-spacing:-2.83px;white-space:nowrap">Water,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:3464.14px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:3969.74px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:4566.53px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:5340.44px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:6231.95px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:3128.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:3751px;letter-spacing:-0.53px;white-space:nowrap">8/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:4410.19px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:5455.46px;white-space:nowrap">8/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,661,936
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9090.47px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9090.47px;left:1902.08px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9090.47px;left:2220.47px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9090.47px;left:9521.62px;letter-spacing:0px;white-space:nowrap">351,734,456
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:2241.9px;white-space:nowrap">25.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:2785.74px;white-space:nowrap">(15.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:3384.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:3583.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9404.79px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:3139.34px;white-space:nowrap">Choice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:3697.1px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:4446.69px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:5190.84px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:5655.32px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:6208.43px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:2870.7px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:3366.06px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:3847.97px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:4541.72px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:5164.58px;letter-spacing:-0.53px;white-space:nowrap">2/01/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:5823.77px;letter-spacing:-0.15px;white-space:nowrap">(Mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10057.75px;left:1924.8px;white-space:nowrap">8/01/31)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7630.41px;white-space:nowrap">100.63</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,788,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:5817.87px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:6280.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:4441.57px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:4936.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:5418.83px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10450.71px;left:5866.83px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10642.71px;left:1656px;white-space:nowrap">10/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,257,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:2251.03px;letter-spacing:-1.15px;white-space:nowrap">Pollution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:2925.11px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:3512.62px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:4262.21px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10843.66px;left:5004.44px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:1656px;letter-spacing:-0.61px;white-space:nowrap">Furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:2461.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:3133.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:3675.81px;letter-spacing:-1.28px;white-space:nowrap">Poseidon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11035.66px;left:4390.05px;letter-spacing:-0.48px;white-space:nowrap">Resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:1656px;white-space:nowrap">Channelside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:2612.15px;white-space:nowrap">LP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:2826.54px;letter-spacing:-0.12px;white-space:nowrap">Desalination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:3774.21px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:4351px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:4832.92px;white-space:nowrap">2012:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:779.21px;white-space:nowrap">3,925
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:2938.06px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:3455.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11428.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,924,411
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:686.41px;white-space:nowrap">69,535</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/21/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:3030.85px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:3548.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11629.58px;left:9615.42px;letter-spacing:0px;white-space:nowrap">67,889,107
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:1006.4px;white-space:nowrap">85</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:5675.95px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:6149.38px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:1656px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:2547.5px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:3219.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:3762.21px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:4312.76px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:5065.24px;letter-spacing:-1.92px;white-space:nowrap">Program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:5763.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12022.54px;left:6245.06px;letter-spacing:-0.69px;white-space:nowrap">2004A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2278.87px;white-space:nowrap">10/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:3082.37px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12214.54px;left:3497.89px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11830.54px;left:9934.41px;white-space:nowrap">85,133
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">31</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2189.75px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">East
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1853.91px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2159.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2914.22px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3367.66px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3952.77px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4650.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4971px;letter-spacing:-0.55px;white-space:nowrap">Contra
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">Costa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2114.23px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2841.26px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3615.17px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4088.61px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4649.56px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5322.03px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2151.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2633.27px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2278.87px;white-space:nowrap">6/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,234,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">2,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2278.87px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,296,734
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1512px;white-space:nowrap">East
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1853.91px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2159.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2914.22px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3367.66px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3952.77px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4650.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4971px;letter-spacing:-0.55px;white-space:nowrap">Contra
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:5506.83px;letter-spacing:-0.32px;white-space:nowrap">Costa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:5965.06px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2429.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2903.35px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3464.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4136.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4679px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:5160.91px;letter-spacing:-0.69px;white-space:nowrap">2014C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:5724.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1656px;white-space:nowrap">6/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,067,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1922.56px;letter-spacing:-0.16px;white-space:nowrap">Beach
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2413.59px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2847.99px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3455.02px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4199.17px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4975.01px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:5546.2px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-1.17px;white-space:nowrap">Purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2350.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3022.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3564.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:4046.69px;white-space:nowrap">2007A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:686.41px;white-space:nowrap">14,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2278.87px;white-space:nowrap">11/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:9615.42px;letter-spacing:0px;white-space:nowrap">14,708,287
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:779.21px;white-space:nowrap">7,610</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2278.87px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,126,262
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:4525.23px;white-space:nowrap">7/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3213.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,015,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:686.41px;white-space:nowrap">24,070</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2015E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3895.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4518.19px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">24,287,352
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:4535.48px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,241,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:686.41px;white-space:nowrap">44,455</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4535.48px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:9614.42px;letter-spacing:0px;white-space:nowrap">46,030,041
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:686.41px;white-space:nowrap">12,870</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4535.48px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,689,433
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:779.21px;white-space:nowrap">8,980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:4535.48px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:7078.26px;white-space:nowrap">1/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,476,504
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2143.51px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2704.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3376.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3919.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4401.08px;white-space:nowrap">2020B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:779.21px;white-space:nowrap">8,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2278.87px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">9,849,818
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:686.41px;white-space:nowrap">26,625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2278.87px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:9615.42px;letter-spacing:0px;white-space:nowrap">28,249,657
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6366.63px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2143.51px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2704.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:3376.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:3919.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:4401.08px;white-space:nowrap">2022A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,297,160
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:779.21px;white-space:nowrap">5,105</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6960.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,450,608
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7161.51px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:2143.51px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:2704.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:3376.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:3919.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7353.51px;left:4401.08px;white-space:nowrap">2022C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:2278.87px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7554.47px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,373,530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:779.21px;white-space:nowrap">2,325</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7755.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,576,844
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:5630.83px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:6104.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2022B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8148.39px;left:4525.23px;white-space:nowrap">7/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7956.39px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,719,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:779.21px;white-space:nowrap">6,770</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8541.35px;left:4535.48px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8349.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,933,631
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:686.41px;white-space:nowrap">43,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8934.3px;left:4535.48px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8742.3px;left:9614.42px;letter-spacing:0px;white-space:nowrap">45,319,038
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:779.21px;white-space:nowrap">6,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9327.26px;left:4525.23px;white-space:nowrap">7/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9135.26px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,969,532
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9528.22px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:1656px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:2555.82px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:3228.3px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:3770.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:4252.44px;white-space:nowrap">2020C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:2278.87px;white-space:nowrap">7/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9921.18px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,245,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:2278.87px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10122.14px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,333,870
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:5914.98px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10515.1px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10515.1px;left:2594.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10515.1px;left:3076.46px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10515.1px;left:3636.45px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10515.1px;left:4259.32px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10323.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,311,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10716.06px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:2450.55px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:3389.1px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:3735.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:4217.09px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:779.21px;white-space:nowrap">1,245
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:2278.87px;white-space:nowrap">6/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11109.02px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,245,909
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:779.21px;white-space:nowrap">6,840</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:2278.87px;white-space:nowrap">6/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11309.98px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,844,651
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:779.21px;white-space:nowrap">5,025</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:2495.35px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:2968.78px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:3519.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:3708.77px;white-space:nowrap">Southern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:4415.79px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:5189.71px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:5663.14px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:6335.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11702.94px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11702.94px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11702.94px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11702.94px;left:3495.65px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11702.94px;left:4118.52px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11510.94px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,544,786
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:779.21px;white-space:nowrap">6,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:2495.35px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:2968.78px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:3519.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:3708.77px;white-space:nowrap">Southern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:4415.79px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:5189.71px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:5663.14px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:6335.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12095.9px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12095.9px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12095.9px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12095.9px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12095.9px;left:4115.32px;white-space:nowrap">4/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:7078.26px;white-space:nowrap">4/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11903.9px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,028,450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:779.21px;white-space:nowrap">7,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:1512px;white-space:nowrap">Moulton
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:2166.23px;white-space:nowrap">Niguel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:2692.47px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:3165.9px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:3753.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:4529.72px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:5385.07px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:5573.86px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12488.86px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12488.86px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12488.86px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12488.86px;left:3208.77px;white-space:nowrap">9/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:7078.26px;white-space:nowrap">3/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12296.86px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,883,647
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:779.21px;white-space:nowrap">6,970</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:1512px;letter-spacing:-1.1px;white-space:nowrap">Public
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:1992.32px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:2653.59px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:3403.19px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:4116.3px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:4305.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:4580.61px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:4904.6px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:5093.4px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:5402.04px;letter-spacing:-0.96px;white-space:nowrap">Diego,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:5928.43px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:2696.47px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:3186.7px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:3859.17px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:4401.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:4883.32px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:5443.31px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12881.82px;left:6066.18px;white-space:nowrap">5/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12689.82px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,506,829
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3814.86px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5349.26px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6509.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7337.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">32</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NAC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:550.80px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2189.75px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">4,415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3460.46px;letter-spacing:-0.21px;white-space:nowrap">Sewerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4223.97px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4968.12px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5640.59px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2450.55px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2960.63px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3306.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3788.61px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4348.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4971.47px;letter-spacing:-0.53px;white-space:nowrap">7/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5630.66px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,242,373</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,950
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2423.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2988.78px;letter-spacing:-0.15px;white-space:nowrap">Sanitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3753.41px;white-space:nowrap">Districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4375.64px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5125.24px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5869.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2870.7px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3781.73px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4464.77px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5030.52px;letter-spacing:-0.15px;white-space:nowrap">Sanitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5795.15px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6383.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2838.86px;white-space:nowrap">12/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,144,110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:686.41px;white-space:nowrap">18,180</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2423.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3178.06px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3631.5px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4219.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4995.32px;white-space:nowrap">Electric
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5570.19px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6242.66px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2020H,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2700.78px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3323.65px;white-space:nowrap">8/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9614.42px;letter-spacing:0px;white-space:nowrap">19,464,599
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2312.15px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2792.47px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3453.74px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4203.34px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4947.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:5721.4px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:6194.83px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3665.26px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4603.81px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4949.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5431.8px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5981.54px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;white-space:nowrap">8/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,183,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:779.21px;white-space:nowrap">2,555</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1512px;white-space:nowrap">Santa
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1956.79px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2375.99px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2842.71px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:3316.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:3904.13px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:4678.04px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:5151.48px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:5712.43px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:6384.9px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">Refunding&#160;&#160;Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2972.46px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3532.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4155.32px;white-space:nowrap">6/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,737,504
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1512px;white-space:nowrap">Southern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2219.03px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2958.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3438.38px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3923.01px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:4667.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:2867.83px;letter-spacing:-0.19px;white-space:nowrap">Apex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:3289.42px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:3776.94px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4316.93px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4798.84px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:779.21px;white-space:nowrap">1,565
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:2278.87px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3589.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,582,810
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2278.87px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,513,665
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1512px;white-space:nowrap">Southern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2219.03px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2958.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:3438.38px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:3923.01px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:4667.16px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:5238.35px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:5559.47px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:6099.46px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:6232.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3240.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3863px;white-space:nowrap">11/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,185,880
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:9521.62px;letter-spacing:0px;white-space:nowrap">444,857,775
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1902.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2657.11px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1899.51px;white-space:nowrap">$3,011,305,404)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:9387.22px;letter-spacing:0px;white-space:nowrap">2,970,706,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4977.83px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4977.83px;left:1928.47px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4977.83px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5169.83px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5169.83px;left:1923.35px;white-space:nowrap">$3,011,305,404)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5169.83px;left:9262.41px;letter-spacing:0px;white-space:nowrap">2,970,706,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:1512px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:1899.36px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:2497.75px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:2819.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:2911.18px;white-space:nowrap">(18.0)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:3564.46px;white-space:nowrap">(h)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:9359.05px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:9413.77px;letter-spacing:0px;white-space:nowrap">319,873,569</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5370.79px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:1512px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:1993.44px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:2591.83px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:2913.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:3005.26px;white-space:nowrap">(50.8)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:3658.54px;white-space:nowrap">(i)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:9359.05px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:9413.77px;letter-spacing:0px;white-space:nowrap">905,331,235</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5571.75px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:2705.26px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:3949.56px;white-space:nowrap">2.1%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5772.71px;left:9517.13px;letter-spacing:0px;white-space:nowrap">36,223,958
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:3447.65px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:4193.57px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5973.67px;left:9262.41px;letter-spacing:0px;white-space:nowrap">1,781,725,584</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:880.64px;letter-spacing:-0.24px;white-space:nowrap">percentages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:2795.65px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:3444.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:4546.34px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:7984.22px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6264.63px;left:9743.87px;letter-spacing:-0.8px;white-space:nowrap">noted.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:1332.79px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:1651.19px;letter-spacing:-0.88px;white-space:nowrap">Provisions:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:2467.66px;letter-spacing:-0.27px;white-space:nowrap">Dates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:3810.2px;letter-spacing:-0.16px;white-space:nowrap">year)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:5011.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:5476.25px;letter-spacing:-0.11px;white-space:nowrap">earliest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:7171.43px;letter-spacing:-0.64px;white-space:nowrap">redemption.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:8108.38px;letter-spacing:-0.96px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:9862.92px;letter-spacing:-0.26px;white-space:nowrap">provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6465.59px;left:10647.87px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:1703.02px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:1877.58px;letter-spacing:-0.27px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:2241.58px;letter-spacing:-0.91px;white-space:nowrap">dates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:2717.41px;letter-spacing:-0.48px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:3287px;letter-spacing:-0.3px;white-space:nowrap">mortgage-backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6657.59px;left:8033.66px;letter-spacing:-0.48px;white-space:nowrap">paydowns.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:0px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:648px;letter-spacing:-0.29px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:1306.07px;letter-spacing:-0.85px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:1993.42px;letter-spacing:-1.2px;white-space:nowrap">12,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:2255.82px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:2703.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:2979.33px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:3263.96px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:3692.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:3881.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:4156.59px;white-space:nowrap">original
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:4751.78px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:5257.38px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:5573.21px;letter-spacing:-0.32px;white-space:nowrap">replaced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:6260.24px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:6603.6px;white-space:nowrap">taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:7176.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:7496.71px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:7750.3px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:8342.46px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:8856.21px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:9209.81px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:9624.53px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6858.55px;left:9903.24px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:648px;letter-spacing:-0.45px;white-space:nowrap">Corporation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:1576.95px;white-space:nowrap">(commonly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:2434.38px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:2959.01px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:3155.49px;letter-spacing:-0.24px;white-space:nowrap">COFINA)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:3858.52px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:4293.08px;white-space:nowrap">units
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:4680.75px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:4999.31px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:5270.98px;letter-spacing:-0.23px;white-space:nowrap">collateralized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:6281.05px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:6501.05px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:6626.49px;white-space:nowrap">bundle
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:7188.08px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:7376.88px;letter-spacing:-0.58px;white-space:nowrap">zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:7731.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:8051.91px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:8654.95px;white-space:nowrap">paying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:9194.14px;letter-spacing:-0.69px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:9732.69px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7050.55px;left:10045.81px;white-space:nowrap">quantity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:1162.39px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:1973.74px;white-space:nowrap">units
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:2361.41px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:2534.37px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:2659.81px;letter-spacing:-0.69px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:3059.64px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:3525.55px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:3922.67px;white-space:nowrap">assigned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:4617.7px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:5391.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:5580.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:5855.6px;white-space:nowrap">original
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:6450.8px;letter-spacing:-1.1px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:6984.23px;letter-spacing:-0.32px;white-space:nowrap">accreted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:7660.06px;letter-spacing:-0.69px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:8121.34px;letter-spacing:-0.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:8597.01px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:9323.4px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:9563.08px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:9844.51px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:10232.83px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7242.55px;left:10358.27px;letter-spacing:-0.23px;white-space:nowrap">stated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:648px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:1251.03px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:1834.22px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:2155.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:2476.3px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:3059.81px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:3339.81px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:3573.25px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:4435.48px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:5059.31px;letter-spacing:-0.29px;white-space:nowrap">accretion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:5772.42px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:5961.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:6236.73px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:6904.08px;letter-spacing:-0.15px;white-space:nowrap">associated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:7717.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:8060.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:8336.22px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:8699.25px;letter-spacing:-0.69px;white-space:nowrap">units.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:9119.88px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:9433px;white-space:nowrap">factor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:9891.72px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:10066.27px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7434.55px;left:10532.19px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:648px;white-space:nowrap">units
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:1035.67px;letter-spacing:-0.36px;white-space:nowrap">accrete
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:1609.59px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:1907.99px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:2242.54px;letter-spacing:-0.86px;white-space:nowrap">decrease,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:2986.05px;white-space:nowrap">primarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:3667.96px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:3910.52px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:4590.03px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:5342.66px;letter-spacing:-0.35px;white-space:nowrap">generated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:6143.45px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:6524.41px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:7127.44px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:7880.07px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:8549.35px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:8744.7px;white-space:nowrap">dispositions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:9660.53px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:9849.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.55px;left:10124.84px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:648px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:1082.56px;letter-spacing:-0.69px;white-space:nowrap">collateral.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:1821.43px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:2134.55px;white-space:nowrap">quantity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:2767.02px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:2955.81px;white-space:nowrap">units
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:3343.49px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:3623.49px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:3904.92px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:4489.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:4685.71px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:4811.15px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:5252.42px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:5441.22px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:5879.29px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.55px;left:6558.81px;letter-spacing:-0.53px;white-space:nowrap">payments.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:0px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:648px;white-space:nowrap">Defaulted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:1410.71px;letter-spacing:-1.06px;white-space:nowrap">security.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:2040.78px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:2189.9px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:2791.81px;white-space:nowrap">whose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:3304.76px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:3768.91px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:4058.67px;white-space:nowrap">failed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:4505.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:4693.54px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:5032.42px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:5337.54px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:6017.05px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:6551.92px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:7135.11px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:7572.23px;letter-spacing:-0.96px;white-space:nowrap">due,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:7935.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:8130.78px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:8281.82px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:8758.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:9034.28px;letter-spacing:-0.26px;white-space:nowrap">protection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:9832.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8019.51px;left:10020.83px;letter-spacing:-0.96px;white-space:nowrap">bankruptcy.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:0px;white-space:nowrap">(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:925.6px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:1195.83px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:1624.15px;letter-spacing:-0.32px;white-space:nowrap">measurement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:2668.14px;letter-spacing:-0.26px;white-space:nowrap">disclosure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:3449.41px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:4211.31px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:5052.1px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:5760.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:5956.89px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8220.47px;left:6377.04px;letter-spacing:-2.4px;white-space:nowrap">3.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:0px;letter-spacing:2.56px;white-space:nowrap">(f)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:648px;letter-spacing:-0.12px;white-space:nowrap">Step-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:1266.87px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:1869.91px;letter-spacing:-0.8px;white-space:nowrap">bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:2341.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:2466.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:2901.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:3244.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:3370.05px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:3973.09px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:4291.64px;letter-spacing:-0.38px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:5008.91px;white-space:nowrap">(&quot;steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:5547.62px;letter-spacing:-0.8px;white-space:nowrap">up&quot;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:5931.77px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:6472.89px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:6647.45px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:7211.12px;letter-spacing:-0.44px;white-space:nowrap">intervals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:7895.59px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:8320.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:8595.58px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:9030.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:9181.17px;letter-spacing:-0.37px;white-space:nowrap">outstanding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:10131.72px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8421.43px;left:10444.83px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:1162.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:1313.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:1588.94px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:2191.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:2388.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:2577.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:2852.77px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:3179.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:3367.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:3643.48px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8613.43px;left:4369.55px;letter-spacing:-0.69px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:0px;white-space:nowrap">(g)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:1665.75px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:3592.44px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">sufficient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:4282.99px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:5755.77px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:7602.31px;letter-spacing:-0.4px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:8831.41px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8814.39px;left:10805.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9006.39px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9006.39px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9006.39px;left:1647.83px;letter-spacing:-0.85px;white-space:nowrap">interest.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:0px;white-space:nowrap">(h)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:648px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:1012.48px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:1575.51px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:1879.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:2076.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:2201.9px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:3083.01px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:3267.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:3658.04px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:4571.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9207.35px;left:4722.5px;letter-spacing:-0.8px;white-space:nowrap">10.8%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:0px;white-space:nowrap">(i)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:648px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:1097.43px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:1660.47px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:1964.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:2161.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:2286.86px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:3167.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:3352.92px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:3743px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:4656.42px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9408.3px;left:4807.46px;letter-spacing:-0.8px;white-space:nowrap">30.5%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:1641.42px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:2233.58px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:2614.53px;letter-spacing:-0.49px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:3961.55px;letter-spacing:-0.38px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4320.27px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4747.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:6237.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:6426.32px;letter-spacing:-0.8px;white-space:nowrap">1933,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:7070.79px;letter-spacing:-0.53px;white-space:nowrap">amended.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:7850.3px;letter-spacing:-0.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:1318.23px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:2231.98px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:2824.13px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:3205.09px;letter-spacing:-0.8px;white-space:nowrap">registration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:4577.87px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:5967.61px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9881.26px;left:8791.09px;letter-spacing:-0.69px;white-space:nowrap">buyers.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10082.22px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10082.22px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10082.22px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10082.22px;left:2203.66px;letter-spacing:-5.12px;white-space:nowrap">Tax</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10283.18px;left:0px;white-space:nowrap">ETM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10283.18px;left:648px;letter-spacing:-0.32px;white-space:nowrap">Escrowed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10283.18px;left:1399.03px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10283.18px;left:1587.51px;letter-spacing:-0.2px;white-space:nowrap">maturity</div></div> </div>
<div style="height:11.57px;left:0px;position:absolute;top:0px;transform:translate(36.000px,739.125px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:120.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">33</div></div> </div>
<div style="height:78.16px;left:0px;position:absolute;top:0px;transform:translate(112.500px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:454.86px">
<div style="width:9097.2px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3463.59px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5419.69px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6860.92px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:1491.86px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1168.95px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1476.8px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3991.64px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4398.75px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;position:absolute;top:1162.95px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:76.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,27.368px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:76.50px">
<div style="width:1530px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.03px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-12.8px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">LONG-TERM
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:2503.67px;letter-spacing:-0.17px;white-space:nowrap">INVESTMENTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3676.46px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">165.7%&#160;(97.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5014.37px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5213.72px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5630.2px;white-space:nowrap">Investments)&#160;&#160;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:92.08px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:925.92px;left:0px;white-space:nowrap">1,006,881,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:1512px;letter-spacing:-1.34px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:2452.15px;white-space:nowrap">BONDS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:3079.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:3171.66px;white-space:nowrap">165.7%&#160;&#160;(97.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:4457.41px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:4656.77px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:925.92px;left:5073.25px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:993.92px;left:9186.08px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:993.92px;left:9387.22px;letter-spacing:0px;white-space:nowrap">1,006,881,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:1512px;letter-spacing:-0.21px;white-space:nowrap">Consumer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:2341.43px;letter-spacing:-0.08px;white-space:nowrap">Staples
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:2948.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3040.94px;white-space:nowrap">0.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3481.42px;white-space:nowrap">(0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:3976.61px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:4175.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1308.24px;left:4592.45px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:913.61px;white-space:nowrap">235
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3225.1px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3509.74px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:4150.21px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:4715.96px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:5734.98px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1961.2px;left:3320.77px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:9841.61px;white-space:nowrap">213,183</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:686.41px;white-space:nowrap">14,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:1512px;white-space:nowrap">Golden
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:3509.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4051.81px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4604.76px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:5591.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:6073.39px;letter-spacing:-0.53px;white-space:nowrap">2021B-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2546.16px;left:2278.87px;white-space:nowrap">6/01/66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7078.26px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:7723.21px;white-space:nowrap">27.75</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,461,768
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:1902.08px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:2700.46px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2747.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,674,951
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:3080.3px;letter-spacing:-0.25px;white-space:nowrap">Organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:4303.81px;white-space:nowrap">6.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:4744.28px;white-space:nowrap">(4.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:5239.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:5438.84px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3061.43px;left:5855.31px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:779.21px;white-space:nowrap">1,515</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2251.03px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:3151.67px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:3810.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:4554.21px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:5226.68px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:5768.91px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:6522.5px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:1656px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:1931.52px;text-rendering:optimizeLegibility;letter-spacing:-1.6px;white-space:nowrap">Pacific,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:2463.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:2945.9px;letter-spacing:-0.8px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:3393.89px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:4016.76px;white-space:nowrap">11/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:6985.46px;white-space:nowrap">11/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,592,462
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:913.61px;white-space:nowrap">700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:2251.03px;white-space:nowrap">Enterprise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:3040.3px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4075.81px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4819.95px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5409.38px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5948.74px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2195.35px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2925.59px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:3165.27px;white-space:nowrap">Academic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:3937.42px;letter-spacing:-0.09px;white-space:nowrap">Excellence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:4756.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:5333.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:5815.48px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:9841.61px;white-space:nowrap">637,476
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:4946.68px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:5486.04px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:6158.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:1656px;white-space:nowrap">John
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:2055.84px;white-space:nowrap">Adams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:2604.63px;letter-spacing:-0.44px;white-space:nowrap">Academies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:3496.14px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:3787.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:3878.7px;white-space:nowrap">Lincoln
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:4444.3px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:5017.25px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:5615.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:6097.08px;letter-spacing:-0.69px;white-space:nowrap">2019B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4692.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4692.31px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4692.31px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:6985.46px;white-space:nowrap">10/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:9841.61px;white-space:nowrap">951,150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:913.61px;white-space:nowrap">995</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:4946.68px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:5486.04px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:6158.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:1656px;letter-spacing:-1.07px;white-space:nowrap">Palmdale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:2362.56px;letter-spacing:-0.29px;white-space:nowrap">Aerospace
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:3185.27px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:3915.5px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:4492.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:4974.21px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:5534.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5085.27px;left:6157.06px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5277.27px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:9841.61px;white-space:nowrap">908,972
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:779.21px;white-space:nowrap">1,560</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:5571.96px;white-space:nowrap">Goodwill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:1656px;white-space:nowrap">Industries
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:2407.35px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:2596.14px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:3504.29px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:3972.93px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:4125.57px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:4827.32px;white-space:nowrap">Nevada
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:5431.95px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5670.23px;left:6008.74px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2012A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">6.875%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:2838.86px;letter-spacing:-0.53px;white-space:nowrap">1/01/42,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5862.23px;left:3498.05px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5478.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,477,180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:5568.12px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:5881.24px;white-space:nowrap">Master&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:1656px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:2409.59px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:2562.23px;letter-spacing:-1.06px;white-space:nowrap">Seminary,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:3310.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:3792.29px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:4240.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6255.19px;left:4863.15px;white-space:nowrap">8/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6063.19px;left:9841.61px;white-space:nowrap">964,100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:4141.58px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:4731px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:5270.36px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:5942.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:1656px;letter-spacing:-0.41px;white-space:nowrap">Camino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:2265.76px;white-space:nowrap">Nuevo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:2788.31px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:3374.86px;white-space:nowrap">Academy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:4105.09px;white-space:nowrap">Sustainability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:5104.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:5586.83px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6648.15px;left:6146.82px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6840.15px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">6/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6840.15px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6456.15px;left:9841.61px;white-space:nowrap">953,420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:913.61px;white-space:nowrap">555</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:4141.58px;letter-spacing:-0.24px;white-space:nowrap">Charter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:4731px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:5270.36px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:5942.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:6485.06px;letter-spacing:-0.19px;white-space:nowrap">Stem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:1656px;letter-spacing:-1.17px;white-space:nowrap">Preparatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:2538.07px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:3148.46px;white-space:nowrap">?
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:3265.58px;letter-spacing:-0.16px;white-space:nowrap">Obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:4052.93px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:4599.49px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:5081.4px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:5641.39px;letter-spacing:-0.6px;white-space:nowrap">5.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7233.11px;left:6264.26px;letter-spacing:-0.53px;white-space:nowrap">6/01/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7425.11px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7041.11px;left:9841.61px;white-space:nowrap">526,168
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:913.61px;white-space:nowrap">635</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7818.07px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8010.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8010.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8010.07px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7626.07px;left:9841.61px;white-space:nowrap">628,663
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:913.61px;white-space:nowrap">750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8403.03px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8595.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8595.03px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8595.03px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8211.03px;left:9841.61px;white-space:nowrap">739,597
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:779.21px;white-space:nowrap">4,925</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8987.99px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9179.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9179.99px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9179.99px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:7630.41px;white-space:nowrap">101.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8795.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,856,690
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:913.61px;white-space:nowrap">280</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:6429.55px;letter-spacing:-1.12px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">Schools,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:2303.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:2785.1px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:3345.09px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:3967.96px;letter-spacing:-0.53px;white-space:nowrap">7/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9572.95px;left:4627.15px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:7078.26px;white-space:nowrap">7/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9380.95px;left:9841.61px;white-space:nowrap">286,339
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:779.21px;white-space:nowrap">8,290</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:2657.11px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:3441.73px;letter-spacing:-0.17px;white-space:nowrap">Systemwide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:4355.48px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:5027.95px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:5570.19px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:6364.74px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9965.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9965.91px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9965.91px;left:2838.86px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9773.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,494,680
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:779.21px;white-space:nowrap">7,710</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:5066.99px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:5654.03px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:6194.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10358.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2017M,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10358.87px;left:2245.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10358.87px;left:2868.62px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10166.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,050,705
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:5066.99px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:5654.03px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:6194.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10751.83px;left:1656px;letter-spacing:-1.78px;white-space:nowrap">2018O,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10751.83px;left:2232.31px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10751.83px;left:2855.18px;white-space:nowrap">5/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10559.83px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,628,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:1902.08px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:3390.54px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10952.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">41,695,602
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:2065.11px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:2552.15px;white-space:nowrap">28.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:3095.99px;white-space:nowrap">(16.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:3694.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:3893.9px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11267.11px;left:4310.37px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11536.07px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11728.07px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:686.41px;white-space:nowrap">13,295
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:2278.87px;white-space:nowrap">11/15/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11929.02px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,092,916
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:686.41px;white-space:nowrap">15,875</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:2278.87px;white-space:nowrap">11/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12129.98px;left:9615.42px;letter-spacing:0px;white-space:nowrap">16,236,474
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4215.31px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5336.27px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6870.66px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:8031px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8858.42px;white-space:nowrap">(contin-</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:361.02px;left:0px;white-space:nowrap">ued)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:0px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4798.95px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">34</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2065.11px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2499.99px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2679.82px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3474.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3956.29px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4516.28px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5139.15px;white-space:nowrap">11/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,506,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">5,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6133.07px;white-space:nowrap">Adventist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2171.19px;letter-spacing:-0.96px;white-space:nowrap">System/West,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3191.18px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3985.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4467.64px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5027.63px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5650.5px;white-space:nowrap">3/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">3/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,038,848
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">7,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Cedars-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1656px;white-space:nowrap">Sinai
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2044.64px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2559.83px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3157.58px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3639.49px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4199.48px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4822.35px;white-space:nowrap">8/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,545,979
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:686.41px;white-space:nowrap">12,165</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:6135.95px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1656px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2297.75px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2582.39px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3259.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3741.57px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4301.56px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4924.43px;white-space:nowrap">8/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,174,367
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:6135.95px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:6459.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1656px;white-space:nowrap">Hope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2101.75px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2755.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3375.98px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3942.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:4424.61px;letter-spacing:-0.69px;white-space:nowrap">2012A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:4984.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:5607.46px;white-space:nowrap">11/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:9841.61px;white-space:nowrap">998,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:779.21px;white-space:nowrap">2,930</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:6135.95px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:6459.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1656px;white-space:nowrap">Hope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2101.75px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2755.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3375.98px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3942.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4424.61px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4872.6px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:5495.47px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,677,991
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2198.23px;letter-spacing:-0.15px;white-space:nowrap">CommonSpirit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3302.7px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:3854.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:4336.6px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:779.21px;white-space:nowrap">3,390
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2278.87px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,088,629
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:779.21px;white-space:nowrap">1,055</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2278.87px;white-space:nowrap">4/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:9842.61px;letter-spacing:0px;white-space:nowrap">930,025
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:779.21px;white-space:nowrap">7,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:3505.74px;white-space:nowrap">Hospital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:4147.49px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:4322.04px;letter-spacing:-0.86px;white-space:nowrap">Stanford,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:5018.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:5813.39px;letter-spacing:-1.32px;white-space:nowrap">Forward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:1656px;white-space:nowrap">Delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2294.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:2776.14px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:3336.13px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4383.91px;left:3959px;white-space:nowrap">5/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,128,525
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:779.21px;white-space:nowrap">2,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:3505.74px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4184.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4666.2px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:5226.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:5849.06px;white-space:nowrap">8/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,545,528
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:913.61px;white-space:nowrap">795
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:2278.87px;white-space:nowrap">10/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:9842.61px;letter-spacing:0px;white-space:nowrap">802,234
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:779.21px;white-space:nowrap">6,760</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:2509.59px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:3024.78px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:3177.42px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:3854.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:4336.12px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:4885.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5955.75px;left:5508.74px;white-space:nowrap">10/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,782,376
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:686.41px;white-space:nowrap">15,660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:2509.59px;white-space:nowrap">Saint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:2907.03px;white-space:nowrap">Joseph
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:3480.94px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:4032.93px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:4827.48px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:5309.4px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6348.71px;left:5869.39px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6540.71px;left:1656px;white-space:nowrap">10/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6156.71px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,112,166
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6741.67px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6933.67px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6933.67px;left:2544.31px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6933.67px;left:3059.5px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6933.67px;left:3657.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6933.67px;left:4139.17px;white-space:nowrap">2021A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:779.21px;white-space:nowrap">5,495
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2278.87px;white-space:nowrap">2/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7134.63px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,002,153
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:779.21px;white-space:nowrap">4,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:2278.87px;white-space:nowrap">2/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,037,802
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7536.55px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:1656px;white-space:nowrap">Eisenhower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:2545.75px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:3166.7px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:3733.41px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:4527.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:5009.88px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:2278.87px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7929.51px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,008,140
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:913.61px;white-space:nowrap">250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:2278.87px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8130.47px;left:9842.61px;letter-spacing:0px;white-space:nowrap">249,042
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:779.21px;white-space:nowrap">1,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:5571.96px;letter-spacing:-0.21px;white-space:nowrap">NorthBay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:1656px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:2482.87px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:3029.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:3511.34px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:3959.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8523.43px;left:4582.2px;white-space:nowrap">11/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:6985.46px;white-space:nowrap">11/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8331.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,575,997
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8724.39px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">NorthBay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:2380.95px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:3207.82px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:3754.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8916.39px;left:4236.29px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:779.21px;white-space:nowrap">2,690
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:2278.87px;white-space:nowrap">11/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9117.35px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,679,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9318.3px;left:9842.61px;letter-spacing:0px;white-space:nowrap">871,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:779.21px;white-space:nowrap">3,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9519.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,919,456
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:779.21px;white-space:nowrap">1,855</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:3006.07px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:3755.66px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:4499.81px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:5355.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:5543.96px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">Palomar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:2287.03px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:2839.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:3320.94px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:3880.93px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:4503.8px;white-space:nowrap">11/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:5218.98px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:5307.3px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9912.22px;left:5722.82px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9720.22px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,981,659
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:2251.03px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:2731.35px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:3338.39px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:4082.54px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:4755.01px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10113.18px;left:5297.24px;white-space:nowrap">Henry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:1656px;white-space:nowrap">Mayo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:2099.03px;white-space:nowrap">Newhall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:2731.51px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:3410.06px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10305.18px;left:3891.97px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:913.61px;white-space:nowrap">500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:2278.87px;white-space:nowrap">10/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10506.14px;left:9842.61px;letter-spacing:0px;white-space:nowrap">504,175
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:686.41px;white-space:nowrap">13,615</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:2278.87px;white-space:nowrap">10/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10707.1px;left:9615.42px;letter-spacing:0px;white-space:nowrap">13,192,935
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:779.21px;white-space:nowrap">1,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Redlands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:2375.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:3263.34px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:3941.89px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:4614.37px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:5156.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:5638.51px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11100.06px;left:6086.5px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11292.06px;left:1656px;white-space:nowrap">10/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10908.06px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,105,390
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11493.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11493.02px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11493.02px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11493.02px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11493.02px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:3104.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:3646.54px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:4089.74px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:4531.65px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11685.02px;left:5285.24px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:1656px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:2222.71px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11877.02px;left:2704.62px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:779.21px;white-space:nowrap">1,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:2278.87px;white-space:nowrap">12/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12077.98px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,190,364
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:2278.87px;white-space:nowrap">12/01/54
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12278.94px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,993,440
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:686.41px;white-space:nowrap">14,740</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12671.9px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12863.9px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12863.9px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12863.9px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12479.9px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,420,289
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">35</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2065.11px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2499.99px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,001,420</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">1,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5802.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2198.23px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2655.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3278.06px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3956.61px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4451.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4933.87px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5493.86px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6116.73px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,640,891
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:913.61px;white-space:nowrap">845</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5677.87px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6193.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2198.23px;white-space:nowrap">Enloe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2655.51px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3276.46px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3843.17px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4637.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5119.64px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5679.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6302.5px;white-space:nowrap">8/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1744.32px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2159.84px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9841.61px;white-space:nowrap">904,868
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2870.7px;white-space:nowrap">Daughters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3675.49px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3864.29px;white-space:nowrap">Charity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4424.6px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4939.79px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2137.91px;white-space:nowrap">2005A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1006.4px;white-space:nowrap">11
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2278.87px;white-space:nowrap">7/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2941.26px;white-space:nowrap">(c),(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:9935.41px;letter-spacing:0px;white-space:nowrap">10,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1006.4px;white-space:nowrap">64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2278.87px;white-space:nowrap">7/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2941.26px;white-space:nowrap">(c),(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:9935.41px;letter-spacing:0px;white-space:nowrap">63,899
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1099.2px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2278.87px;white-space:nowrap">7/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2941.26px;white-space:nowrap">(c),(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:10028.21px;letter-spacing:0px;white-space:nowrap">1,582
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:779.21px;white-space:nowrap">8,895</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Palomar
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2143.03px;letter-spacing:-1.49px;white-space:nowrap">Pomerado
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2935.66px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3450.86px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4048.61px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4824.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:5496.91px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:6039.15px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:3208.77px;white-space:nowrap">11/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,844,323
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1902.08px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2417.27px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:9521.62px;letter-spacing:0px;white-space:nowrap">170,859,413
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:3154.7px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:3246.85px;white-space:nowrap">17.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:3790.69px;white-space:nowrap">(10.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:4389.24px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:4588.6px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4305.27px;left:5005.08px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:779.21px;white-space:nowrap">8,680</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:2870.7px;letter-spacing:-0.7px;white-space:nowrap">Creekwood,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:3798.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:4280.76px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:4840.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:5463.62px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:6122.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,417,796
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:779.21px;white-space:nowrap">7,570</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:4393.89px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:4893.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:5375.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:6079.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5351.19px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">8/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5351.19px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,904,297
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:779.21px;white-space:nowrap">1,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:4395.8px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:4905.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:5387.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5744.15px;left:6091.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5936.15px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5936.15px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,022,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:779.21px;white-space:nowrap">3,590</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:2870.7px;letter-spacing:-0.32px;white-space:nowrap">Serenity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:3500.46px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:3675.01px;letter-spacing:-0.11px;white-space:nowrap">Larkspur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:4340.6px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:5270.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:5752.26px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:6312.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6521.11px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6521.11px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,831,325
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:779.21px;white-space:nowrap">4,720</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:2870.7px;letter-spacing:-0.09px;white-space:nowrap">Stoneridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:3722.21px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:4651.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:5133.87px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:5693.86px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:7078.26px;white-space:nowrap">2/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,441,399
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:913.61px;white-space:nowrap">230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2870.7px;white-space:nowrap">Summit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3467.18px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3641.74px;white-space:nowrap">Sausalito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:4332.77px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:5262.52px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:5744.43px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:9841.61px;white-space:nowrap">171,626
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:779.21px;white-space:nowrap">1,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:2866.87px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:3177.11px;letter-spacing:-0.6px;white-space:nowrap">Arbors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:3751.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:4233.73px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:4793.72px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:5416.59px;letter-spacing:-0.53px;white-space:nowrap">8/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:6075.77px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,541,696
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:913.61px;white-space:nowrap">500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:2867.83px;letter-spacing:-1.2px;white-space:nowrap">Verdant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:3478.06px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:3652.62px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:4145.09px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:4610.85px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:5540.59px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:6022.51px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8668.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8668.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8668.95px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:9841.61px;white-space:nowrap">458,685
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:779.21px;white-space:nowrap">4,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:4411.97px;letter-spacing:-0.86px;white-space:nowrap">Workforce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:5209.88px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:5860.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:2195.35px;white-space:nowrap">Annadel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:2849.59px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:3779.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:4261.25px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:4821.24px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:5444.11px;letter-spacing:-0.53px;white-space:nowrap">4/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:6103.29px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,922,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:779.21px;white-space:nowrap">7,663</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2019-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:3922.04px;white-space:nowrap">3/20/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,399,084
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:779.21px;white-space:nowrap">6,339</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2021-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3922.04px;white-space:nowrap">11/20/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,832,323
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:779.21px;white-space:nowrap">1,141</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2225.27px;letter-spacing:-0.34px;white-space:nowrap">Series2019-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:3259.17px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:3882.04px;white-space:nowrap">1/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,113,340
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:779.21px;white-space:nowrap">6,095</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2225.27px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2699.03px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:3554.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4036.29px;letter-spacing:-0.6px;white-space:nowrap">2023-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4628.28px;letter-spacing:-0.6px;white-space:nowrap">4.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:5251.15px;white-space:nowrap">9/20/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,928,179
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:4357.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:4910.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10834.71px;left:5395.96px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:2870.7px;letter-spacing:-0.36px;white-space:nowrap">Caritas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:3410.38px;letter-spacing:-0.52px;white-space:nowrap">Affordable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:4227.49px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:4878.2px;white-space:nowrap">Inc
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:5132.76px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2166.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2647.98px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:913.61px;white-space:nowrap">260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:2278.87px;white-space:nowrap">8/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:9842.61px;letter-spacing:0px;white-space:nowrap">261,846
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:913.61px;white-space:nowrap">705</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:2278.87px;white-space:nowrap">8/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:9842.61px;letter-spacing:0px;white-space:nowrap">708,793
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:913.61px;white-space:nowrap">160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:2251.03px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:2731.35px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:3338.39px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:4082.54px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:4836.12px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:5486.83px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:6159.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:1656px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:2309.27px;letter-spacing:-0.41px;white-space:nowrap">Campus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:2953.91px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:3842.22px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:4880.6px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:4971.8px;letter-spacing:-0.29px;white-space:nowrap">Claremont
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:5781.71px;letter-spacing:-1.13px;white-space:nowrap">Properties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:6561.38px;letter-spacing:-1.2px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:1656px;letter-spacing:-0.29px;white-space:nowrap">Claremont
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:2465.91px;letter-spacing:-0.21px;white-space:nowrap">Colleges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:3152.78px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:3729.57px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:5006.04px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:5566.03px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:6188.9px;letter-spacing:-0.53px;white-space:nowrap">7/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12397.58px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7078.26px;white-space:nowrap">7/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:7630.41px;white-space:nowrap">105.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11821.58px;left:9841.61px;white-space:nowrap">157,530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:779.21px;white-space:nowrap">8,205</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:3175.51px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:3771.19px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:3889.59px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:4665.42px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:5343.17px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:5993.88px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2194.39px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2507.51px;white-space:nowrap">Mix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2806.71px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2981.27px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:3518.86px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:3873.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:4355.8px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:5059.79px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:5682.66px;letter-spacing:-0.53px;white-space:nowrap">4/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:6341.84px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,796,668
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4215.31px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5336.27px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6870.66px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:8031px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8858.42px;white-space:nowrap">(contin-</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:361.02px;left:0px;white-space:nowrap">ued)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:0px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4798.95px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">36</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,740</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3175.51px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3802.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4578.06px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5255.81px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5906.52px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2198.23px;white-space:nowrap">Enclave
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2798.39px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3728.13px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4238.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4720.12px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5424.11px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6046.97px;letter-spacing:-0.53px;white-space:nowrap">8/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,021,243</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">1,440
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.600%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,135,023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">3,980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,705,087
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:913.61px;white-space:nowrap">595</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4965.73px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5783.31px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:6129.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2828.62px;letter-spacing:-0.48px;white-space:nowrap">10/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:3580.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9841.61px;white-space:nowrap">443,132
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:779.21px;white-space:nowrap">6,135</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4965.73px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5475.8px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5821.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:6303.79px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,011,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:779.21px;white-space:nowrap">7,065</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2867.83px;white-space:nowrap">Altana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:3374.7px;letter-spacing:-0.48px;white-space:nowrap">Glendale,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:4120.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:4602.04px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:5306.03px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:5928.9px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4156.07px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,186,699
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:779.21px;white-space:nowrap">8,125</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:3408.29px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:3729.41px;letter-spacing:-0.53px;white-space:nowrap">Anaheim,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:4462.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:4944.6px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:5504.59px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4549.03px;left:6127.46px;letter-spacing:-0.53px;white-space:nowrap">1/01/54,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4741.03px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,342,131
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:779.21px;white-space:nowrap">1,275</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:2870.7px;white-space:nowrap">Millennium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:3724.78px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:4189.73px;letter-spacing:-0.32px;white-space:nowrap">Bay-Hawthorne,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:5386.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:5868.42px;white-space:nowrap">2021A-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5133.99px;left:6535.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5325.99px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5325.99px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5325.99px;left:2611.66px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5325.99px;left:3270.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:9841.61px;white-space:nowrap">858,521
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:779.21px;white-space:nowrap">6,820</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:2870.7px;white-space:nowrap">Moda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:3337.58px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:3512.14px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:4240.61px;letter-spacing:-0.82px;white-space:nowrap">Station,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:4822.68px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:5296.44px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5718.95px;left:5778.35px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5910.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5910.95px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5910.95px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5526.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,853,112
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6111.91px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:1656px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:2333.75px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:2984.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:3656.93px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:4199.16px;letter-spacing:-0.29px;white-space:nowrap">Monterrey
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6303.91px;left:4995.79px;letter-spacing:-0.32px;white-space:nowrap">Station
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6495.91px;left:1656px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6495.91px;left:2585.75px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6495.91px;left:3095.82px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6495.91px;left:3441.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6495.91px;left:3923.81px;white-space:nowrap">2021A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:913.61px;white-space:nowrap">770
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6696.87px;left:9842.61px;letter-spacing:0px;white-space:nowrap">568,961
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:779.21px;white-space:nowrap">3,340</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6897.83px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,170,031
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:779.21px;white-space:nowrap">2,485</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:2870.7px;letter-spacing:-0.45px;white-space:nowrap">Oceanaire-Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:4089.09px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:4616.93px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:5090.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:5572.6px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:6276.58px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7482.79px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">9/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7482.79px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,796,630
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:913.61px;white-space:nowrap">155</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:3473.42px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:3797.41px;letter-spacing:-1.83px;white-space:nowrap">Portfolio,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:4480.76px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:5298.35px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:5644.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:6126.34px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8067.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8067.75px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">3/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8067.75px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:7078.26px;white-space:nowrap">3/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:9841.61px;white-space:nowrap">108,604
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:779.21px;white-space:nowrap">4,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:2870.7px;letter-spacing:-0.68px;white-space:nowrap">Parallel-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:4140.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:4622.52px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:5182.51px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:5805.38px;letter-spacing:-0.53px;white-space:nowrap">8/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:6464.57px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,026,046
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:779.21px;white-space:nowrap">1,360</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:5201.08px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8853.67px;left:6018.67px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:2687.66px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:3310.53px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9045.67px;left:4062.51px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:9841.61px;white-space:nowrap">952,299
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:913.61px;white-space:nowrap">555</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:5201.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9438.63px;left:5682.99px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9630.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9630.63px;left:2278.87px;white-space:nowrap">12/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9246.63px;left:9841.61px;white-space:nowrap">365,368
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:779.21px;white-space:nowrap">2,720</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:2870.7px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:3347.98px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:3812.93px;letter-spacing:-2.11px;white-space:nowrap">Bay,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:4149.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:4631.16px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:5335.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10023.59px;left:5958.02px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10215.59px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9831.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,952,416
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:779.21px;white-space:nowrap">1,975</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10608.55px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10800.55px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10800.55px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10800.55px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10800.55px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10800.55px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10416.55px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,388,465
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:779.21px;white-space:nowrap">7,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11193.51px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11385.51px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11385.51px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11385.51px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11385.51px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11385.51px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11001.51px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,518,792
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:779.21px;white-space:nowrap">7,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:2868.79px;letter-spacing:-1.15px;white-space:nowrap">Wood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:3355.98px;letter-spacing:-0.48px;white-space:nowrap">Creek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:3827.66px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:4757.4px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:5267.47px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:5613.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11778.47px;left:6095.46px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11970.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11970.47px;left:2278.87px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11586.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,748,217
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:779.21px;white-space:nowrap">3,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:1512px;white-space:nowrap">Independent
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:2503.19px;white-space:nowrap">Cities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:2951.66px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:3558.7px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:4302.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:5078.68px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:5631.95px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:6117.39px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:2328.47px;letter-spacing:-0.45px;white-space:nowrap">Bonds,&#160;&#160;Rancho
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:3491.18px;letter-spacing:-0.61px;white-space:nowrap">Vallecitos
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:4221.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:4774.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:5259.96px;letter-spacing:-2.4px;white-space:nowrap">Park,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:5644.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12363.43px;left:6126.51px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12555.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12555.43px;left:2278.87px;white-space:nowrap">4/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12171.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,286,347
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">37</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">La
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1716.16px;letter-spacing:-1.65px;white-space:nowrap">Verne,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2219.51px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2995.34px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3548.62px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4034.05px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4381.89px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5054.36px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Copacabana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2625.27px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3178.55px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3663.98px;letter-spacing:-2.4px;white-space:nowrap">Park,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4048.61px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4843.17px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5325.08px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:913.61px;white-space:nowrap">670</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">6/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">671,454</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:913.61px;white-space:nowrap">185
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">6/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">6/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">185,270
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1902.08px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:9521.62px;letter-spacing:0px;white-space:nowrap">106,205,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:1512px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:2360.15px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:2847.19px;white-space:nowrap">0.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:3287.67px;white-space:nowrap">(0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:3782.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:3982.22px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1956.48px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:779.21px;white-space:nowrap">1,225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:4921.25px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:5507.96px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:6180.43px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:2544.31px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3205.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3447.98px;letter-spacing:-1.44px;white-space:nowrap">Persons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:4051.17px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:4394.52px;white-space:nowrap">Developmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:5558.67px;letter-spacing:-0.34px;white-space:nowrap">Disabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:6428.58px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">6.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:2838.86px;white-space:nowrap">2/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2225.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,227,781
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:779.21px;white-space:nowrap">1,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:6135.95px;letter-spacing:-0.21px;white-space:nowrap">Northern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:1656px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:2395.03px;letter-spacing:-0.81px;white-space:nowrap">Presbyterian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:3335.66px;white-space:nowrap">Homes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:3892.13px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:4044.77px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:4684.76px;letter-spacing:-0.8px;white-space:nowrap">Inc.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:5017.72px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:5812.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:6294.18px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:2278.87px;white-space:nowrap">7/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2810.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,332,461
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3395.35px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3395.35px;left:1902.08px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3395.35px;left:2715.67px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3395.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,560,242
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:1815.2px;letter-spacing:-0.18px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:3462.54px;white-space:nowrap">34.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:4006.38px;white-space:nowrap">(20.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:4604.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:4804.29px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3709.67px;left:5220.76px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:779.21px;white-space:nowrap">2,210</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Butte-Glenn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:2431.35px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:3319.66px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:3935.49px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:4523.48px;letter-spacing:-0.32px;white-space:nowrap">Butte
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:4949.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:5269.55px;white-space:nowrap">Glenn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:5751.94px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:5048.76px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4170.63px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4362.63px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4362.63px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3978.63px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,320,235
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:779.21px;white-space:nowrap">1,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:4682.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:5474.52px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:6052.27px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4755.59px;left:3208.77px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4563.59px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,680,688
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:686.41px;white-space:nowrap">13,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:4682.84px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:5474.52px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:6052.27px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2018.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:2585.9px;white-space:nowrap">Bid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:2869.58px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:3381.25px;letter-spacing:-1.6px;white-space:nowrap">C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:3573.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5148.55px;left:4196.12px;white-space:nowrap">8/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4956.55px;left:9614.42px;letter-spacing:0px;white-space:nowrap">13,995,670
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5349.51px;left:5164.75px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:779.21px;white-space:nowrap">8,190
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:2278.87px;white-space:nowrap">12/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5550.47px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,216,699
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:779.21px;white-space:nowrap">5,520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5943.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5943.43px;left:2278.87px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5751.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,531,592
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:779.21px;white-space:nowrap">2,460</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6336.39px;left:2278.87px;white-space:nowrap">10/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6144.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,492,349
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:779.21px;white-space:nowrap">5,390</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6729.35px;left:2278.87px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6537.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,523,025
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:686.41px;white-space:nowrap">10,995</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7122.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7122.31px;left:2278.87px;white-space:nowrap">10/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:7078.26px;white-space:nowrap">4/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6930.31px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,337,604
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2018.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7515.27px;left:1656px;white-space:nowrap">Bid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7515.27px;left:1939.68px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7515.27px;left:2448.47px;letter-spacing:-0.96px;white-space:nowrap">A/B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7515.27px;left:2798.23px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7515.27px;left:3421.1px;white-space:nowrap">10/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:6985.46px;white-space:nowrap">10/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7323.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,279,050
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7908.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7908.23px;left:2278.87px;white-space:nowrap">11/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:6985.46px;white-space:nowrap">11/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7716.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,225,580
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Chaffey
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:2107.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:2995.34px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:3611.18px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:4199.17px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:4507.8px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:5364.43px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:5961.22px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:3641.1px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:4239.01px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:5033.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:5515.48px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8301.19px;left:5963.47px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:1656px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8109.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,975,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:1512px;white-space:nowrap">Chino
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:1988.32px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:2456.95px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:3023.98px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:3563.34px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:4151.33px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:4459.97px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:5316.59px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:5913.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:3644.94px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:4056.13px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:5715.78px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9078.15px;left:1656px;white-space:nowrap">8/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8694.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,108,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:686.41px;white-space:nowrap">20,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:1512px;letter-spacing:-0.19px;white-space:nowrap">Coachella
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:2276.48px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:2745.11px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:3312.14px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:3851.5px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:4439.49px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:5147px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:5743.79px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:4272.93px;white-space:nowrap">2005
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2010C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9471.11px;left:5729.22px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9663.11px;left:1656px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9663.11px;left:2278.39px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9663.11px;left:2366.71px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9663.11px;left:2782.23px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9279.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,098,310
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:779.21px;white-space:nowrap">4,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:1512px;letter-spacing:-0.59px;white-space:nowrap">Corona-Norco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:2597.59px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:3164.62px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:3703.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:4291.97px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:4999.48px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:5596.27px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:4272.93px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:4720.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:5202.83px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:5752.58px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10248.07px;left:1656px;white-space:nowrap">8/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9864.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,389,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:779.21px;white-space:nowrap">9,790</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:1512px;white-space:nowrap">Glendale
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:2220.63px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:3108.94px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:3724.78px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:4312.76px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:4597.4px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:5237.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:5834.67px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:4272.93px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:4680.28px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:5278.2px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:6072.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10833.02px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10833.02px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10833.02px;left:2828.62px;white-space:nowrap">8/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,383,715
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:779.21px;white-space:nowrap">1,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:2437.11px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:3325.42px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:3941.25px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:4529.24px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:5305.07px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:5927.15px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:2198.23px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:2609.42px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:3237.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:3719.33px;letter-spacing:-0.69px;white-space:nowrap">2017J,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:4246.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:4868.91px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,704,645
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:1512px;white-space:nowrap">Marin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:1969.75px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:2796.62px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:3384.61px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:3842.37px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:4439.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:5214.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:5837.06px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:2198.23px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:2609.42px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:3274.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:3756.13px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:4316.12px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:4938.99px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,437,795
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:779.21px;white-space:nowrap">4,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:1512px;white-space:nowrap">Mount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:2028.15px;white-space:nowrap">Diablo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:2554.71px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:3121.74px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:3661.1px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:4249.08px;letter-spacing:-0.55px;white-space:nowrap">Contra
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:4784.92px;letter-spacing:-0.32px;white-space:nowrap">Costa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:5243.15px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:5839.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:3644.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:4126.85px;letter-spacing:-0.69px;white-space:nowrap">2010A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:4686.84px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:5309.71px;white-space:nowrap">8/01/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:5932.09px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:6020.41px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12203.9px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,711,230
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:686.41px;white-space:nowrap">16,744</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:2025.75px;letter-spacing:-1.12px;white-space:nowrap">Rico,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:2414.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:3036.3px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:3860.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:4403.17px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:5854.66px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12596.86px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12596.86px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,479,374
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:686.41px;white-space:nowrap">11,980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:2312.15px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:2879.19px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:3418.54px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:4006.53px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:4315.17px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:4806.68px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:5403.47px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:6179.3px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:3022.86px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:3817.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:4299.33px;letter-spacing:-0.53px;white-space:nowrap">2012R-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:4987.15px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12989.82px;left:5610.02px;white-space:nowrap">7/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,109,113
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4215.31px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5336.27px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6870.66px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:8031px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8858.42px;white-space:nowrap">(contin-</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:361.02px;left:0px;white-space:nowrap">ued)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:0px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4798.95px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">38</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3410.38px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">3,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2546.71px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3435.02px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4050.85px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4638.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5414.68px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6036.75px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2198.23px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2826.22px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3237.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3719.33px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4279.32px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4902.19px;white-space:nowrap">6/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,176,178</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,670
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1820.64px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2326.23px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2803.51px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3192.78px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3732.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4320.12px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4628.76px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5134.36px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5731.15px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3644.94px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4197.89px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5221.4px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5849.4px;letter-spacing:-0.8px;white-space:nowrap">2010,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4115.32px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4777.71px;white-space:nowrap">(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,467,935
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">1,580</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;white-space:nowrap">Santa
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1953.92px;white-space:nowrap">Ana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2284.31px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2900.15px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3923.17px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4474.36px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4643.96px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5246.67px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5843.46px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3644.94px;letter-spacing:-0.27px;white-space:nowrap">Rancho
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4228.29px;white-space:nowrap">Santiago
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4911.96px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5800.27px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2243.99px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2871.98px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3060.78px;letter-spacing:-0.8px;white-space:nowrap">2012,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3508.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3990.68px;letter-spacing:-0.69px;white-space:nowrap">2019C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4553.87px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5176.74px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,316,851
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:686.41px;white-space:nowrap">10,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1512px;white-space:nowrap">Southwestern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2551.66px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3439.97px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4055.8px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4643.79px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4952.43px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5443.94px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:6040.74px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4272.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4461.73px;letter-spacing:-0.8px;white-space:nowrap">2008,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4909.72px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5391.63px;letter-spacing:-0.69px;white-space:nowrap">2011C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5954.82px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,478,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2192.79px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2759.82px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3299.18px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3887.17px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4193.89px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4823.32px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5048.76px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;white-space:nowrap">2011D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:686.41px;white-space:nowrap">23,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2278.87px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3378.53px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4005.25px;white-space:nowrap">(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7078.26px;white-space:nowrap">8/37
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:9615.42px;letter-spacing:0px;white-space:nowrap">24,075,477
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:686.41px;white-space:nowrap">38,845</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2278.87px;white-space:nowrap">8/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:4031.81px;white-space:nowrap">(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7078.26px;white-space:nowrap">8/37
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:9615.42px;letter-spacing:0px;white-space:nowrap">40,187,872
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:686.41px;white-space:nowrap">15,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:1512px;letter-spacing:-0.27px;white-space:nowrap">Sylvan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2015.2px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:2492.47px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:3031.83px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:3619.81px;letter-spacing:-0.09px;white-space:nowrap">Stanislaus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:4379px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:4975.8px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:5751.63px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:3839.65px;letter-spacing:-0.8px;white-space:nowrap">2006,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4287.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4769.55px;letter-spacing:-0.8px;white-space:nowrap">2010,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:5217.55px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:5840.41px;white-space:nowrap">8/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:6462.8px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:1656px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2071.52px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2698.23px;white-space:nowrap">(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:9614.42px;letter-spacing:0px;white-space:nowrap">12,281,416
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:779.21px;white-space:nowrap">8,345</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:1512px;letter-spacing:-1.6px;white-space:nowrap">Yosemite
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:2217.75px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3106.06px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3721.89px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4309.88px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:5085.71px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:5707.79px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2198.23px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2751.19px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:3774.7px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4402.69px;letter-spacing:-0.8px;white-space:nowrap">2004,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4850.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5332.59px;letter-spacing:-1.78px;white-space:nowrap">2010D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5894.02px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:1656px;white-space:nowrap">8/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2318.39px;white-space:nowrap">(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,329,599
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2176.96px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:9521.62px;letter-spacing:0px;white-space:nowrap">210,313,842
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:1815.2px;letter-spacing:-0.07px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:3438.05px;white-space:nowrap">24.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:3981.89px;white-space:nowrap">(14.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:4580.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:4779.8px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5466.23px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1512px;white-space:nowrap">Bell
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1825.92px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:2714.23px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:3915.97px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4542.69px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5314.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5590.52px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:6366.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:1656px;white-space:nowrap">Bell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:1969.92px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:2507.03px;letter-spacing:-1.44px;white-space:nowrap">Area,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:2926.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:3408.46px;letter-spacing:-0.8px;white-space:nowrap">2003,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:3856.45px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:4479.32px;white-space:nowrap">10/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:5194.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:5285.7px;white-space:nowrap">RAAI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:5687.14px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,002,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:779.21px;white-space:nowrap">3,605</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:1512px;letter-spacing:-0.77px;white-space:nowrap">Brea
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:1884.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:2204.79px;white-space:nowrap">Olinda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:2741.43px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:3308.46px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:3847.82px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:4435.81px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:5038.52px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:5635.31px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:1656px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:2511.35px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:2700.14px;letter-spacing:-0.94px;white-space:nowrap">Participation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:3642.05px;letter-spacing:-0.61px;white-space:nowrap">Refunding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:4473.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:4955.32px;letter-spacing:-0.69px;white-space:nowrap">2002A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:5515.31px;letter-spacing:-0.6px;white-space:nowrap">5.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:6138.18px;white-space:nowrap">8/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:6760.56px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:1656px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:2071.52px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,607,848
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:2870.7px;letter-spacing:-0.32px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:3330.38px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:3896.13px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:4433.72px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:4676.28px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">Self-Sufficiency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7097.11px;left:1656px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7097.11px;left:2621.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7097.11px;left:3103.66px;white-space:nowrap">2004:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:779.21px;white-space:nowrap">1,780
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2278.87px;white-space:nowrap">12/01/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:3082.37px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:3702.21px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,782,456
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:779.21px;white-space:nowrap">1,865</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2278.87px;white-space:nowrap">12/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3082.37px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3702.21px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,867,313
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:779.21px;white-space:nowrap">7,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:1844.8px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2732.14px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2884.78px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3961.09px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:4538.84px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:5480.91px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:6142.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:1656px;letter-spacing:-3.15px;white-space:nowrap">2013F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:2176.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8083.99px;left:2799.5px;white-space:nowrap">9/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,011,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:779.21px;white-space:nowrap">2,065</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:6745.22px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">Education,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:2467.67px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:3175.18px;letter-spacing:-0.41px;white-space:nowrap">Campus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:3819.82px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:4396.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:4878.52px;letter-spacing:-0.69px;white-space:nowrap">2012H,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:5441.39px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8476.95px;left:6064.26px;white-space:nowrap">4/01/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,067,912
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:686.41px;white-space:nowrap">20,330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5820.75px;white-space:nowrap">Judicial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Council
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:2253.28px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:2442.07px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:3217.9px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:3591.02px;letter-spacing:-0.11px;white-space:nowrap">Stockton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:4271.81px;letter-spacing:-0.72px;white-space:nowrap">Courthouse,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:5205.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:5687.47px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:6237.22px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9061.91px;left:1656px;white-space:nowrap">10/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">20,644,505
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:779.21px;white-space:nowrap">4,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:1512px;white-space:nowrap">El
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:1687.04px;letter-spacing:-0.69px;white-space:nowrap">Monte,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2238.55px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3014.38px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3524.46px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3870.53px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4725.88px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4914.68px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:5893.38px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:1844.8px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2325.11px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2965.1px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:3501.9px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:3975.97px;letter-spacing:-1.2px;white-space:nowrap">II,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:4135.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:4617.88px;letter-spacing:-0.8px;white-space:nowrap">2001,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:5065.87px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:5688.74px;white-space:nowrap">1/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:6311.13px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:2275.83px;letter-spacing:-0.85px;white-space:nowrap">Insured,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:2899.34px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,528,257
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:913.61px;white-space:nowrap">185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:3509.57px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:4182.05px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:4724.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:5206.19px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:5910.18px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10231.83px;left:1656px;white-space:nowrap">6/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:9841.61px;white-space:nowrap">192,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:1512px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:2471.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:2659.82px;letter-spacing:-0.8px;white-space:nowrap">Guam,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:3180.94px;white-space:nowrap">Business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:3853.25px;letter-spacing:-0.77px;white-space:nowrap">Privilege
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4514.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4793.4px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10624.79px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10624.79px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10624.79px;left:2932.46px;white-space:nowrap">2015D:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:779.21px;white-space:nowrap">7,610
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:2278.87px;white-space:nowrap">11/15/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,677,881
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:2278.87px;white-space:nowrap">11/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,912,840
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:779.21px;white-space:nowrap">1,110</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Lake
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:1889.28px;letter-spacing:-0.32px;white-space:nowrap">Elsinore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:2512.31px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:2992.63px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:3742.22px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:4486.37px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:5262.21px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:5681.57px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:6277.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:3474.7px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:3922.69px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11419.66px;left:4545.56px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11227.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,120,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:1512px;letter-spacing:-1.24px;white-space:nowrap">Lathrop,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:2150.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:2926.23px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:3513.26px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:4337.89px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:5360.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:5903.15px;letter-spacing:-0.52px;white-space:nowrap">Crossroads
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:1656px;white-space:nowrap">Assessment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:2560.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:3148.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:3630.04px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:4078.03px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11812.62px;left:4700.9px;white-space:nowrap">9/02/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11620.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,006,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:686.41px;white-space:nowrap">15,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:2323.99px;white-space:nowrap">R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:2459.83px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:2874.55px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:3153.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:3825.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:4367.97px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:4878.04px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:5359.96px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12205.58px;left:5919.95px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12397.58px;left:1656px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12013.58px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,623,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:779.21px;white-space:nowrap">3,220</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:4588.77px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:5084.12px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:5594.19px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12790.54px;left:5940.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12982.54px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12982.54px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12982.54px;left:2838.86px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12598.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,420,928
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">39</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">3,855</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3002.86px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3481.26px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3978.05px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4727.65px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5471.8px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6247.63px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3352.62px;letter-spacing:-0.53px;white-space:nowrap">2019E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4039.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4662.19px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">12/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,098,443</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-1.15px;white-space:nowrap">Peninsula
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2240.47px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2902.06px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3302.21px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3860.76px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4379.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5154.99px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5822.98px;white-space:nowrap">RR
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6054.66px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6469.38px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2870.7px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3366.06px;letter-spacing:-0.11px;white-space:nowrap">Bonds-Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4485.56px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4919.96px;text-rendering:optimizeLegibility;letter-spacing:-0.79px;white-space:nowrap">Certified,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5628.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6110.34px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2278.87px;white-space:nowrap">6/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,871,135
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">1,925</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-1.65px;white-space:nowrap">Perris
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1949.11px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2349.27px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2904.94px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3649.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4424.92px;letter-spacing:-0.48px;white-space:nowrap">Local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4844.28px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5439.95px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6112.42px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3756.77px;white-space:nowrap">2001-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4311.96px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4657.24px;letter-spacing:-1.28px;white-space:nowrap">Farms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5134.83px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6154.98px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6537.7px;white-space:nowrap">1,2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1976.32px;letter-spacing:-1.6px;white-space:nowrap">3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2145.91px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2940.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3422.38px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3982.37px;letter-spacing:-0.6px;white-space:nowrap">5.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4605.24px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,926,944
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2870.7px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3840.29px;white-space:nowrap">2018A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:779.21px;white-space:nowrap">4,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2278.87px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7723.21px;white-space:nowrap">41.38</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,114,080
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:686.41px;white-space:nowrap">32,445</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7171.06px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:7723.21px;white-space:nowrap">30.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,705,733
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:686.41px;white-space:nowrap">22,539</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:9615.42px;letter-spacing:0px;white-space:nowrap">21,871,845
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2866.87px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3464.78px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4434.37px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Cofina
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4950.84px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2137.91px;white-space:nowrap">2019A-2:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:779.21px;white-space:nowrap">1,482
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.536%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:2278.87px;white-space:nowrap">7/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3990.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,341,270
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:779.21px;white-space:nowrap">3,175</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.784%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2278.87px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,976,213
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:779.21px;white-space:nowrap">2,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:1512px;white-space:nowrap">River
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:1915.03px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:2459.35px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:2939.66px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:3689.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4433.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:5209.24px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:5774.52px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:6053.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3756.77px;white-space:nowrap">2003-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4311.96px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:5332.11px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:5714.83px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:5884.43px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:3464.77px;white-space:nowrap">9/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4087.15px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4175.48px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4776.87px;left:4590.99px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7078.26px;white-space:nowrap">9/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,336,991
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:1512px;white-space:nowrap">Riverside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2219.51px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2816.3px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:3592.13px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4157.41px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4436.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:4978.36px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:2868.46px;white-space:nowrap">05-8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3238.06px;letter-spacing:-0.32px;white-space:nowrap">Scott
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:3645.57px;letter-spacing:-1.12px;white-space:nowrap">Road,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:4101.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5169.83px;left:4583.32px;white-space:nowrap">2013:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:913.61px;white-space:nowrap">660
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2278.87px;white-space:nowrap">9/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:9842.61px;letter-spacing:0px;white-space:nowrap">660,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:779.21px;white-space:nowrap">1,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:2278.87px;white-space:nowrap">9/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5571.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,775,302
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:913.61px;white-space:nowrap">400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:1512px;letter-spacing:-0.61px;white-space:nowrap">Roseville,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:2233.27px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:3009.1px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:3574.38px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:3853.1px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:4395.33px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:5283.64px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:5944.92px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:6496.11px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:1656px;letter-spacing:-1.06px;white-space:nowrap">Westpark,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2422.07px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:3216.62px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:3698.53px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:4146.52px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:4769.39px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5772.71px;left:9841.61px;white-space:nowrap">408,348
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:779.21px;white-space:nowrap">6,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1512px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2420.15px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2802.87px;white-space:nowrap">Flood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3270.54px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3855.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:4481.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:5257.73px;letter-spacing:-0.27px;white-space:nowrap">Consolidated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6280.75px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:1656px;white-space:nowrap">Assessment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2560.14px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3111.33px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3244.13px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3786.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:4268.27px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:4828.26px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:5451.13px;white-space:nowrap">10/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,433,846
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:913.61px;white-space:nowrap">210</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1820.64px;letter-spacing:-0.48px;white-space:nowrap">Clemente,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:2612.47px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:3388.3px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:3953.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:4232.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:4904.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:5447px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:2868.46px;white-space:nowrap">2006-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:3423.65px;letter-spacing:-0.09px;white-space:nowrap">Marblehead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:4353.4px;letter-spacing:-0.75px;white-space:nowrap">Coastal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:4974.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:5456.1px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6750.63px;left:5904.09px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6942.63px;left:1656px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:9841.61px;white-space:nowrap">212,421
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:913.61px;white-space:nowrap">935</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:2312.15px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:3513.9px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:4140.61px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:4916.45px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:5855px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:6197.23px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:1656px;letter-spacing:-0.29px;white-space:nowrap">Increment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:2433.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:2753.59px;letter-spacing:-1.2px;white-space:nowrap">Parking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:3335.5px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:4007.97px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:4550.2px;letter-spacing:-0.69px;white-space:nowrap">Centre
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5084.92px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5408.91px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7335.59px;left:5985.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2003B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7527.59px;left:2828.62px;white-space:nowrap">9/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7143.59px;left:9841.61px;white-space:nowrap">936,216
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:913.61px;white-space:nowrap">380</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:5367.65px;white-space:nowrap">District&#160;&#160;6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7920.55px;left:6091.63px;white-space:nowrap">Mission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:1656px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:1961.28px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:2426.23px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:2906.55px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:4037.41px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:4831.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:5313.88px;letter-spacing:-0.69px;white-space:nowrap">2013A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8112.55px;left:5873.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8304.55px;left:1656px;white-space:nowrap">8/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7728.55px;left:9841.61px;white-space:nowrap">382,759
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:913.61px;white-space:nowrap">595</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:5367.65px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:5918.83px;letter-spacing:-1.6px;white-space:nowrap">7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8697.51px;left:6088.43px;white-space:nowrap">Hunters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:2058.71px;letter-spacing:-0.32px;white-space:nowrap">Shipyard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:2743.99px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:3218.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:3578.54px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:4709.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:5503.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8889.51px;left:5985.87px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9081.51px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9081.51px;left:2278.87px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.51px;left:9841.61px;white-space:nowrap">597,481
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:779.21px;white-space:nowrap">2,700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:4961.4px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:5711px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:2427.99px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:2703.83px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:3479.51px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:4151.98px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:4694.21px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:5002.85px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9474.47px;left:5728.92px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:1656px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:2303.83px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:2785.74px;letter-spacing:-1.78px;white-space:nowrap">1998D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:3347.17px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:3970.04px;white-space:nowrap">8/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:4592.43px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:4683.63px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9666.47px;left:5153.22px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9282.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,615,895
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:1006.4px;white-space:nowrap">30</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:1512px;white-space:nowrap">Signal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:2002.08px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:2277.59px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:3479.34px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:4106.06px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:4881.89px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:5421.88px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:5550.84px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:5826.68px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:3128.13px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10059.43px;left:3751px;white-space:nowrap">10/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9867.43px;left:9934.41px;white-space:nowrap">30,068
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:779.21px;white-space:nowrap">3,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:2192.6px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:2672.72px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:3422.13px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:4166.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:4941.72px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:5614px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:6153.16px;letter-spacing:-0.58px;white-space:nowrap">Arch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:6532.96px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:1656px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:1997.91px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:2886.22px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:3423.02px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:3974.21px;letter-spacing:-0.69px;white-space:nowrap">99-02,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:4473.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:4955.31px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:5515.3px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10452.39px;left:6138.17px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10260.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,769,812
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:1512px;letter-spacing:-1.71px;white-space:nowrap">Temecula
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:2250.87px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:2731.19px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:3480.79px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:4224.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:5000.77px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10653.35px;left:5566.05px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:3086.54px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:3747.82px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:4299.01px;letter-spacing:-0.69px;white-space:nowrap">16-01,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:4798.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10845.35px;left:5280.11px;white-space:nowrap">2017:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:779.21px;white-space:nowrap">2,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11046.3px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,256,025
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:913.61px;white-space:nowrap">990</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">9/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11247.26px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,028,907
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:1512px;letter-spacing:-1.81px;white-space:nowrap">Transbay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:2197.43px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:2597.59px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:3153.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:3897.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:4669.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11448.22px;left:4945.24px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11640.22px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11640.22px;left:2198.23px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11640.22px;left:2708.3px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11640.22px;left:3203.66px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11640.22px;left:3685.57px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:913.61px;white-space:nowrap">635
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:2278.87px;white-space:nowrap">10/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11841.18px;left:9842.61px;letter-spacing:0px;white-space:nowrap">641,502
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:779.21px;white-space:nowrap">2,540</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:2278.87px;white-space:nowrap">10/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12042.14px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,550,211
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:779.21px;white-space:nowrap">4,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:1512px;letter-spacing:-0.82px;white-space:nowrap">Virgin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:1977.6px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:2521.91px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:3002.22px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:3609.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:4353.41px;letter-spacing:-0.48px;white-space:nowrap">Gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:4812.6px;letter-spacing:-0.21px;white-space:nowrap">Receipts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:5469.08px;letter-spacing:-2.72px;white-space:nowrap">Taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:5909.39px;letter-spacing:-0.58px;white-space:nowrap">Loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:6304.27px;letter-spacing:-0.8px;white-space:nowrap">Note,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2012A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:4115.32px;white-space:nowrap">10/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:4830.51px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:4918.83px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12435.1px;left:5334.35px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12243.1px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,501,755
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4215.31px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5336.27px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6870.66px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:8031px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8858.42px;white-space:nowrap">(contin-</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:361.02px;left:0px;white-space:nowrap">ued)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:0px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4798.95px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">40</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.15px;white-space:nowrap">West
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1915.03px;letter-spacing:-1.31px;white-space:nowrap">Patterson
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2632.46px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3382.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4126.2px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4902.04px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5467.31px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3086.54px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3747.82px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4299.01px;white-space:nowrap">2015-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4851.31px;letter-spacing:-0.24px;white-space:nowrap">Arambel-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">KDN,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2076.63px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2871.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3353.1px;white-space:nowrap">2015:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2278.87px;white-space:nowrap">9/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9842.61px;letter-spacing:0px;white-space:nowrap">357,703</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:913.61px;white-space:nowrap">790
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2278.87px;white-space:nowrap">9/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9842.61px;letter-spacing:0px;white-space:nowrap">796,573
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2176.96px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:9521.62px;letter-spacing:0px;white-space:nowrap">149,665,463
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:2770.87px;white-space:nowrap">11.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:3314.7px;white-space:nowrap">(6.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:3809.9px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:4009.26px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:4425.73px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:913.61px;white-space:nowrap">150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:3844.13px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:4354.2px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:4700.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:5182.19px;letter-spacing:-0.69px;white-space:nowrap">2015E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:5724.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2801.43px;left:1656px;white-space:nowrap">5/15/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:9841.61px;white-space:nowrap">155,577
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2019E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:6153.38px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:1656px;white-space:nowrap">5/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:6985.46px;white-space:nowrap">11/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,246,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:2211.35px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:2883.82px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:3426.06px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:4364.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3779.35px;left:4846.52px;white-space:nowrap">2021A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:2278.87px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,801,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:779.21px;white-space:nowrap">4,230</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:2278.87px;white-space:nowrap">7/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,882,167
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:779.21px;white-space:nowrap">5,770</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:2278.87px;white-space:nowrap">7/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4382.23px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,078,464
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:686.41px;white-space:nowrap">44,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:3929.73px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:5014.52px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:5652.11px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4775.19px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:2828.62px;letter-spacing:-0.53px;white-space:nowrap">5/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:3487.8px;white-space:nowrap">(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:3879.16px;letter-spacing:2.56px;white-space:nowrap">(f)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:7078.26px;white-space:nowrap">5/27
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4583.19px;left:9614.42px;letter-spacing:0px;white-space:nowrap">46,125,683
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:779.21px;white-space:nowrap">4,535</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:4524.13px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:5608.91px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:2219.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:2842.06px;white-space:nowrap">5/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5168.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,648,738
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:779.21px;white-space:nowrap">2,025</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:2431.83px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:3226.39px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:3736.46px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:4078.7px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:4372.94px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:4791.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:5464.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:6006.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6137.11px;left:2838.86px;white-space:nowrap">1/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,880,860
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:1898.24px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:9614.42px;letter-spacing:0px;white-space:nowrap">69,819,569
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:2901.43px;white-space:nowrap">23.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:3445.26px;white-space:nowrap">(13.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:4043.82px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:4243.17px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:4659.65px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6652.39px;left:5701.71px;white-space:nowrap">(g)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:779.21px;white-space:nowrap">3,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:2251.03px;letter-spacing:-0.13px;white-space:nowrap">Educational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:3151.67px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:3810.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:4554.21px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:5226.68px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:5768.91px;letter-spacing:-1.31px;white-space:nowrap">Pepperdine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">University,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:2440.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:2922.54px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:3370.53px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:3993.4px;letter-spacing:-0.53px;white-space:nowrap">9/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:4652.58px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7113.35px;left:5697.85px;white-space:nowrap">9/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6921.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,115,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:913.61px;white-space:nowrap">430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:2679.82px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:3474.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:3956.29px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:4516.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:5139.15px;letter-spacing:-0.53px;white-space:nowrap">8/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7506.31px;left:5798.33px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7698.31px;left:1656px;white-space:nowrap">8/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7314.31px;left:9841.61px;white-space:nowrap">446,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7899.27px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8091.27px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:779.21px;white-space:nowrap">2,040
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:4076.12px;white-space:nowrap">11/15/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8292.23px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,170,070
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8493.19px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:3894.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:4376.44px;white-space:nowrap">2016A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:686.41px;white-space:nowrap">18,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:4076.12px;white-space:nowrap">11/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8886.15px;left:9615.42px;letter-spacing:0px;white-space:nowrap">19,240,367
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:779.21px;white-space:nowrap">7,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:4076.12px;white-space:nowrap">11/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9087.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">7,829,775
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9288.07px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9480.07px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9672.07px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:913.61px;white-space:nowrap">610
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:4076.12px;white-space:nowrap">10/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9873.02px;left:9842.61px;letter-spacing:0px;white-space:nowrap">621,566
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:779.21px;white-space:nowrap">2,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:5817.87px;letter-spacing:-0.48px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:6164.26px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:2870.7px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:3179.34px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:3905.42px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:4207.81px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:4586.69px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:4880.93px;letter-spacing:-0.6px;white-space:nowrap">Bridge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:5451.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10265.98px;left:5933.55px;letter-spacing:-0.69px;white-space:nowrap">2003A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/36,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:3983.32px;white-space:nowrap">1/01/28)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:4653.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:4742.03px;letter-spacing:-0.48px;white-space:nowrap">AMBAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10457.98px;left:5361.86px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:7078.26px;white-space:nowrap">1/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10073.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,452,050
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:5817.87px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:4441.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:4923.48px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:5483.47px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10850.94px;left:6106.34px;letter-spacing:-0.48px;white-space:nowrap">10/01/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11042.94px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11042.94px;left:2701.27px;white-space:nowrap">10/01/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10658.94px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,183,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:4357.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:4910.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11243.9px;left:5395.96px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:2868.79px;white-space:nowrap">Windsor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:3525.58px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:4078.85px;letter-spacing:-0.24px;white-space:nowrap">Country
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:4702.2px;white-space:nowrap">Club
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11435.9px;left:5092.59px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11627.9px;left:1656px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:4076.12px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11828.86px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,008,920
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:779.21px;white-space:nowrap">8,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/48,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:4076.12px;white-space:nowrap">11/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12029.82px;left:9708.22px;letter-spacing:0px;white-space:nowrap">8,041,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12230.78px;left:5164.75px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:913.61px;white-space:nowrap">810
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:4076.12px;white-space:nowrap">12/01/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:6985.46px;white-space:nowrap">12/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12431.74px;left:9842.61px;letter-spacing:0px;white-space:nowrap">813,361
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:779.21px;white-space:nowrap">6,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:5846.03px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:6140.27px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:3663.34px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:4163.33px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:4509.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:4991.32px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:5554.51px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12824.7px;left:6177.38px;letter-spacing:-0.53px;white-space:nowrap">1/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13016.7px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:13016.7px;left:2701.27px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12632.7px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,827,490
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">41</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1852px;letter-spacing:-0.2px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2809.27px;white-space:nowrap">(g)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3063.98px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:686.41px;white-space:nowrap">14,885</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9615.42px;letter-spacing:0px;white-space:nowrap">15,029,682</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:686.41px;white-space:nowrap">14,885
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9615.42px;letter-spacing:0px;white-space:nowrap">15,041,293
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:686.41px;white-space:nowrap">45,825</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:5922.67px;white-space:nowrap">Enhanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2314.72px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3141.42px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4168.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:4840.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:5382.99px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:6177.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2838.86px;letter-spacing:-0.53px;white-space:nowrap">6/01/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3498.05px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4543.31px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:9614.42px;letter-spacing:0px;white-space:nowrap">47,437,581
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:779.21px;white-space:nowrap">2,870</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:1512px;white-space:nowrap">Sanger
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2070.87px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2637.91px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3177.26px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3765.25px;letter-spacing:-1.37px;white-space:nowrap">Fresno
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4296.44px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4893.24px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:5669.07px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3650.86px;letter-spacing:-0.8px;white-space:nowrap">2012,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4098.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4580.76px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:5130.51px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:5753.38px;letter-spacing:-0.53px;white-space:nowrap">8/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:6412.56px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2370.71px;white-space:nowrap">8/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3041.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3129.42px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3544.94px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,917,097
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1512px;letter-spacing:-0.82px;white-space:nowrap">Walnut
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2061.27px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2529.91px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3096.94px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3636.3px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4224.29px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4508.93px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:5149.4px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:5746.19px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4272.93px;white-space:nowrap">2007
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4684.12px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:5352.11px;letter-spacing:-1.6px;white-space:nowrap">S,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:5519.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:6001.06px;letter-spacing:-0.69px;white-space:nowrap">2014C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">8/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3196.07px;left:3983.32px;white-space:nowrap">8/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,084,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1902.08px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2220.47px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:9521.62px;letter-spacing:0px;white-space:nowrap">142,259,469
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:2241.9px;white-space:nowrap">18.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:2785.74px;white-space:nowrap">(10.9%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:3384.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:3583.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3711.35px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:779.21px;white-space:nowrap">9,940</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:3139.34px;white-space:nowrap">Choice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:3697.1px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:4446.69px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:5190.84px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:5655.32px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:6208.43px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:2870.7px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:3366.06px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:3847.97px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:4541.72px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:5164.58px;letter-spacing:-0.53px;white-space:nowrap">2/01/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4172.31px;left:5823.77px;letter-spacing:-0.15px;white-space:nowrap">(Mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:1924.8px;white-space:nowrap">8/01/31)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7078.26px;white-space:nowrap">5/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:7630.41px;white-space:nowrap">100.63</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3980.31px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,730,067
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:5817.87px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:6280.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:4441.57px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:4936.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:5418.83px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4757.27px;left:5866.83px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:1656px;white-space:nowrap">10/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4565.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,257,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:779.21px;white-space:nowrap">3,675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:2250.54px;letter-spacing:-1.15px;white-space:nowrap">Pollution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:2924.12px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:3511.13px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:4260.24px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:5001.97px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:5474.91px;letter-spacing:-0.61px;white-space:nowrap">Furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:6279.53px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:2198.23px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:2506.87px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:2998.38px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:3562.22px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:4032.77px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:4745.88px;letter-spacing:-0.12px;white-space:nowrap">Desalination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:5693.55px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:6233.54px;letter-spacing:-0.86px;white-space:nowrap">Pipeline,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:3380.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:4003.32px;letter-spacing:-0.48px;white-space:nowrap">11/21/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:4755.31px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:7078.26px;white-space:nowrap">1/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,686,650
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1922.56px;letter-spacing:-0.16px;white-space:nowrap">Beach
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:2413.59px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:2847.99px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:3455.02px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4199.17px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4975.01px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5546.2px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:1656px;letter-spacing:-1.17px;white-space:nowrap">Purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:2350.07px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:3022.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:3564.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:4046.69px;white-space:nowrap">2007A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:779.21px;white-space:nowrap">2,490
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:2278.87px;white-space:nowrap">11/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,590,073
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:779.21px;white-space:nowrap">1,835</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:2278.87px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6329.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,959,487
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:779.21px;white-space:nowrap">7,960</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2015E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:3895.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6722.07px;left:4518.19px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6530.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,031,879
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:779.21px;white-space:nowrap">6,015</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:4535.48px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6923.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,228,111
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:779.21px;white-space:nowrap">3,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7507.99px;left:4535.48px;white-space:nowrap">7/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:7078.26px;white-space:nowrap">1/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7315.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,772,662
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:779.21px;white-space:nowrap">5,190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:4525.23px;white-space:nowrap">7/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,506,694
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:4535.48px;white-space:nowrap">7/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,222,870
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:779.21px;white-space:nowrap">1,205</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:4535.48px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,252,079
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9079.83px;left:4525.23px;white-space:nowrap">7/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8887.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,240,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:779.21px;white-space:nowrap">8,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2020C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:3915.8px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9472.79px;left:4538.67px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9280.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,168,142
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:779.21px;white-space:nowrap">9,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:5914.98px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:6410.34px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2015C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:2219.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9865.75px;left:2842.06px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9673.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,679,835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:5914.98px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:2594.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:3076.46px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:3636.45px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10258.71px;left:4259.32px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10066.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,311,900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10459.66px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10651.66px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10651.66px;left:2450.55px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10651.66px;left:3389.1px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10651.66px;left:3735.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10651.66px;left:4217.09px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:2278.87px;white-space:nowrap">6/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10852.62px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,001,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:779.21px;white-space:nowrap">3,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:2278.87px;white-space:nowrap">6/01/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11053.58px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,502,380
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:779.21px;white-space:nowrap">3,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:1512px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:2495.35px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:2968.78px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:3519.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:3708.77px;white-space:nowrap">Southern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:4415.79px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:5189.71px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:5663.14px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:6335.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11446.54px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11446.54px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11446.54px;left:2932.46px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11446.54px;left:3492.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11446.54px;left:4115.32px;white-space:nowrap">4/01/53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:7078.26px;white-space:nowrap">4/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11254.54px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,784,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:1512px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:1881.28px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:2240.15px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:2646.23px;letter-spacing:-0.21px;white-space:nowrap">Environmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:3739.65px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:4400.93px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:5366.68px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:5772.75px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:6235.31px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:1656px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:1976.32px;white-space:nowrap">Drinking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:2641.75px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:3115.18px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:3868.93px;letter-spacing:-1.12px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:4351.01px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:5023.48px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:5565.71px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:5934.99px;letter-spacing:-2.88px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11839.5px;left:6293.87px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:1656px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:2409.12px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:2882.55px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:3489.59px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:4202.69px;letter-spacing:-0.66px;white-space:nowrap">Projects-Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:5417.4px;letter-spacing:-0.17px;white-space:nowrap">Resolution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12031.5px;left:6226.35px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:1656px;letter-spacing:-0.34px;white-space:nowrap">Subordinated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:2696.47px;white-space:nowrap">SRF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:3012.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:3494.38px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:4044.13px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12223.5px;left:4667px;white-space:nowrap">6/15/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11647.5px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,055,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:779.21px;white-space:nowrap">8,660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:3460.46px;letter-spacing:-0.21px;white-space:nowrap">Sewerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:4223.97px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:4968.12px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:5640.59px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:2450.55px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:2960.63px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:3306.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:3788.61px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:4348.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:4971.47px;letter-spacing:-0.53px;white-space:nowrap">7/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12616.46px;left:5630.66px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12424.46px;left:9707.22px;letter-spacing:0px;white-space:nowrap">8,321,394
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">AMT-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4215.31px;white-space:nowrap">Quality
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5336.27px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6870.66px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:8031px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:8858.42px;white-space:nowrap">(contin-</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:361.02px;left:0px;white-space:nowrap">ued)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:0px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:703.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:754.62px;left:4798.95px;white-space:nowrap">2023</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">42</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NKX</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:550.80px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2189.75px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2312.15px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2792.47px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3453.74px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4203.34px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4947.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5721.4px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6194.83px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3665.26px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4603.81px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4949.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5431.8px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5981.54px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">8/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,183,920</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">5,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1976.95px;letter-spacing:-0.32px;white-space:nowrap">Coast
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2433.27px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2906.7px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3457.89px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4207.49px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4951.63px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5727.47px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6399.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3320.77px;white-space:nowrap">2/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">2/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,335,550
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:779.21px;white-space:nowrap">2,975</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;white-space:nowrap">Southern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2219.03px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2958.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3438.38px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3923.01px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4667.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5442.99px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:6115.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Apex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2077.6px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2565.11px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3105.1px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3587.01px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4147px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4769.87px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,004,006
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:9521.62px;letter-spacing:0px;white-space:nowrap">111,827,259
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1902.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2657.11px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1899.51px;white-space:nowrap">$1,006,465,949)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:9387.22px;letter-spacing:0px;white-space:nowrap">1,006,881,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2812.07px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2812.07px;left:1928.47px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2812.07px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3004.07px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3004.07px;left:1923.35px;white-space:nowrap">$1,006,465,949)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3004.07px;left:9262.41px;letter-spacing:0px;white-space:nowrap">1,006,881,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3237.03px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:1512px;white-space:nowrap">Description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3237.03px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3237.03px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:7087.86px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:7921.12px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3429.03px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:1512px;letter-spacing:-1.48px;white-space:nowrap">SHORT-TERM
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:2574.39px;letter-spacing:-0.17px;white-space:nowrap">INVESTMENTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:3747.18px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:3839.34px;white-space:nowrap">&#160;3.8%(2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:4775.01px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:4974.37px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3629.99px;left:5390.84px;white-space:nowrap">Investments)&#160;&#160;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3898.95px;left:92.08px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3898.95px;left:405.42px;white-space:nowrap">22,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:1512px;letter-spacing:-1.34px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:2452.15px;white-space:nowrap">BONDS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:3079.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:3171.66px;white-space:nowrap">3.8%&#160;&#160;(2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:4147.33px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:4346.69px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3898.95px;left:4763.17px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3966.95px;left:9186.08px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3966.95px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,800,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:1512px;white-space:nowrap">Utilities
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:2241.9px;white-space:nowrap">3.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:2682.38px;white-space:nowrap">(2.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:3177.58px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:3376.93px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4281.27px;left:3793.41px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:686.41px;white-space:nowrap">22,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:2867.83px;letter-spacing:-0.75px;white-space:nowrap">Variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:3503.02px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:3863.02px;white-space:nowrap">Demand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:4537.25px;letter-spacing:-0.13px;white-space:nowrap">Obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:5432.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4742.23px;left:5914.83px;letter-spacing:-0.53px;white-space:nowrap">2001B-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">2.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/34,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:2938.06px;letter-spacing:-0.15px;white-space:nowrap">(Mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:3816.12px;letter-spacing:-1.92px;white-space:nowrap">Put
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:4084.92px;white-space:nowrap">9/15/23)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4934.23px;left:4795.3px;white-space:nowrap">(h)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:6985.46px;white-space:nowrap">10/23
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4550.23px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,800,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5135.19px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5135.19px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5135.19px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5336.15px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5336.15px;left:1902.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5336.15px;left:2657.11px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5528.15px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5528.15px;left:1899.51px;white-space:nowrap">$22,800,000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5528.15px;left:9614.42px;letter-spacing:0px;white-space:nowrap">22,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5729.11px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5729.11px;left:1928.47px;letter-spacing:-1.57px;white-space:nowrap">Short-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5729.11px;left:2805.75px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5921.11px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5921.11px;left:1923.35px;white-space:nowrap">$22,800,000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5921.11px;left:9517.13px;letter-spacing:0px;white-space:nowrap">22,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6122.07px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6122.07px;left:1928.47px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6314.07px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6314.07px;left:1923.35px;white-space:nowrap">$1,029,265,949)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6314.07px;left:3299.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6314.07px;left:3391.18px;white-space:nowrap">169.5%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6314.07px;left:9262.41px;letter-spacing:0px;white-space:nowrap">1,029,681,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:1512px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:2192.63px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:2580.63px;letter-spacing:-0.13px;white-space:nowrap">Obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:3533.57px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:3625.73px;white-space:nowrap">(5.5)%&#160;&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:9462.41px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:9517.13px;letter-spacing:0px;white-space:nowrap">33,485,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6515.03px;left:10440px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:1512px;white-space:nowrap">MFP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:1899.36px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:2497.75px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:2819.02px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:2911.18px;white-space:nowrap">(23.0)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:3564.46px;white-space:nowrap">(i)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:9359.05px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:9413.77px;letter-spacing:0px;white-space:nowrap">140,032,372</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6715.99px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:1512px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:1993.44px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:2591.83px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:2913.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:3005.26px;white-space:nowrap">(42.1)%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:3658.54px;letter-spacing:3.2px;white-space:nowrap">(j)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:9359.05px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:9413.77px;letter-spacing:0px;white-space:nowrap">255,660,415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6916.95px;left:10440px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:2705.26px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:3949.56px;white-space:nowrap">1.1%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7117.91px;left:9620.49px;letter-spacing:0px;white-space:nowrap">7,103,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:3447.65px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:4193.57px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7318.87px;left:9413.77px;letter-spacing:0px;white-space:nowrap">607,606,773</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:880.64px;letter-spacing:-0.24px;white-space:nowrap">percentages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:2795.65px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:3444.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:4546.34px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:7984.22px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7609.83px;left:9743.87px;letter-spacing:-0.8px;white-space:nowrap">noted.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:1332.79px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:1651.19px;letter-spacing:-0.88px;white-space:nowrap">Provisions:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:2467.66px;letter-spacing:-0.27px;white-space:nowrap">Dates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:3810.2px;letter-spacing:-0.16px;white-space:nowrap">year)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:5011.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:5476.25px;letter-spacing:-0.11px;white-space:nowrap">earliest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:7171.43px;letter-spacing:-0.64px;white-space:nowrap">redemption.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:8108.38px;letter-spacing:-0.96px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:9862.92px;letter-spacing:-0.26px;white-space:nowrap">provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7810.79px;left:10647.87px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:1703.02px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:1877.58px;letter-spacing:-0.27px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:2241.58px;letter-spacing:-0.91px;white-space:nowrap">dates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:2717.41px;letter-spacing:-0.48px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:3287px;letter-spacing:-0.3px;white-space:nowrap">mortgage-backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8002.79px;left:8033.66px;letter-spacing:-0.48px;white-space:nowrap">paydowns.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:0px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:648px;white-space:nowrap">Defaulted
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:1410.71px;letter-spacing:-1.06px;white-space:nowrap">security.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:2040.78px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:2189.9px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:2791.81px;white-space:nowrap">whose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:3304.76px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:3768.91px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:4058.67px;white-space:nowrap">failed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:4505.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:4693.54px;white-space:nowrap">fully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:5032.42px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:5337.54px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:6017.05px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:6551.92px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:7135.11px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:7572.23px;letter-spacing:-0.96px;white-space:nowrap">due,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:7935.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:8130.78px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:8281.82px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:8758.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:9034.28px;letter-spacing:-0.26px;white-space:nowrap">protection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:9832.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8203.75px;left:10020.83px;letter-spacing:-0.96px;white-space:nowrap">bankruptcy.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:0px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:648px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:925.6px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:1195.83px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:1624.15px;letter-spacing:-0.32px;white-space:nowrap">measurement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:2668.14px;letter-spacing:-0.26px;white-space:nowrap">disclosure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:3449.41px;letter-spacing:-0.48px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:4211.31px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:5052.1px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:5760.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:5956.89px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8404.71px;left:6377.04px;letter-spacing:-2.4px;white-space:nowrap">3.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:0px;white-space:nowrap">(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:648px;letter-spacing:-0.12px;white-space:nowrap">Step-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:1266.87px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:1869.91px;letter-spacing:-0.8px;white-space:nowrap">bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:2341.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:2466.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:2901.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:3244.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:3370.05px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:3973.09px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:4291.64px;letter-spacing:-0.38px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:5008.91px;white-space:nowrap">(&quot;steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:5547.62px;letter-spacing:-0.8px;white-space:nowrap">up&quot;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:5931.77px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:6472.89px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:6647.45px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:7211.12px;letter-spacing:-0.44px;white-space:nowrap">intervals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:7895.59px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:8320.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:8595.58px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:9030.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:9181.17px;letter-spacing:-0.37px;white-space:nowrap">outstanding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:10131.72px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8605.66px;left:10444.83px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:1162.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:1313.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:1588.94px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:2191.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:2388.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:2577.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:2852.77px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:3179.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:3367.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:3643.48px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8797.66px;left:4369.55px;letter-spacing:-0.69px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:0px;letter-spacing:2.56px;white-space:nowrap">(f)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:648px;letter-spacing:-0.4px;white-space:nowrap">Investment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:1527.18px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:1722.54px;letter-spacing:-0.24px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:2299.01px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:2487.81px;letter-spacing:-0.4px;white-space:nowrap">investment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:3365.4px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:3655.15px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:4073.07px;white-space:nowrap">pledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:4742.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:4931.45px;letter-spacing:-0.25px;white-space:nowrap">collateralize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:5839.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:6115.12px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:6390.31px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:7071.91px;letter-spacing:-0.13px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:7929.34px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:8171.89px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:9083.72px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:9256.67px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:9819.38px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8998.62px;left:10412.82px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9190.62px;left:648px;letter-spacing:-0.52px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:0px;white-space:nowrap">(g)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:1665.75px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:3592.44px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">sufficient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:4282.99px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:5755.77px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:7602.31px;letter-spacing:-0.4px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:8831.41px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9391.58px;left:10805.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9583.58px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9583.58px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9583.58px;left:1647.83px;letter-spacing:-0.85px;white-space:nowrap">interest.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:0px;white-space:nowrap">(h)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:1490.39px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:1780.14px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:1905.58px;letter-spacing:-0.18px;white-space:nowrap">maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:2540.77px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:2729.57px;letter-spacing:-0.68px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:3299.64px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:3662.03px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:3984.27px;letter-spacing:-2.24px;white-space:nowrap">year,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:4365.07px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:4650.66px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:4940.42px;white-space:nowrap">variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:5560.73px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:5882.48px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:6417.36px;white-space:nowrap">demand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:7072.39px;letter-spacing:-0.6px;white-space:nowrap">features
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:7694.94px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:8160.86px;white-space:nowrap">qualify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:8686.45px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:8817.17px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:9013.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:9139.09px;letter-spacing:-0.17px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9784.54px;left:9939.87px;letter-spacing:-0.4px;white-space:nowrap">investment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:648px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:961.12px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:1282.87px;letter-spacing:-0.44px;white-space:nowrap">disclosed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:2055.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:2251.66px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:2583.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:2779.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:3055.17px;letter-spacing:-0.58px;white-space:nowrap">reference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:3790.84px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:4112.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:4432.91px;letter-spacing:-1.08px;white-space:nowrap">spread,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:5014.98px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:5505.38px;letter-spacing:-0.4px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:6350.33px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:6501.37px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:6819.92px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:6992.88px;letter-spacing:-0.41px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:7438.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:7634.64px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:7823.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:8098.95px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:8425.34px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:8614.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:8889.66px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:9615.72px;letter-spacing:-0.6px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:10179.08px;letter-spacing:-0.58px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9976.54px;left:10511.72px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:648px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:1303.35px;white-space:nowrap">periodically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:2197.9px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:2689.74px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:2920.45px;letter-spacing:-0.41px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:3465.73px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:4270.84px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:4466.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:4591.63px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:5296.26px;letter-spacing:-0.41px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10168.54px;left:5841.54px;letter-spacing:-0.96px;white-space:nowrap">index.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:0px;white-space:nowrap">(i)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:648px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:1012.48px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:1575.51px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:1879.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:2076.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:2201.9px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:3083.01px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:3267.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:3658.04px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:4571.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10369.5px;left:4722.5px;letter-spacing:-0.8px;white-space:nowrap">13.6%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:0px;letter-spacing:3.2px;white-space:nowrap">(j)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:648px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:1097.43px;letter-spacing:-0.96px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:1660.47px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:1964.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:2161.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:2286.86px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:3167.97px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:3352.92px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:3743px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:4656.42px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10570.46px;left:4807.46px;letter-spacing:-0.8px;white-space:nowrap">24.8%.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:1641.42px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:2233.58px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:2614.53px;letter-spacing:-0.49px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:3961.55px;letter-spacing:-0.38px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:4320.27px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:4747.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:6237.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:6426.32px;letter-spacing:-0.8px;white-space:nowrap">1933,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:7070.79px;letter-spacing:-0.53px;white-space:nowrap">amended.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:7850.3px;letter-spacing:-0.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10851.42px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:1318.23px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:2231.98px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:2824.13px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:3205.09px;letter-spacing:-0.8px;white-space:nowrap">registration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:4577.87px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:5967.61px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11043.42px;left:8791.09px;letter-spacing:-0.69px;white-space:nowrap">buyers.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:0px;white-space:nowrap">UB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:648px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:1498.07px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:1932.62px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:2121.42px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:2339.82px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:2902.53px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:3495.96px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:3817.72px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:4180.75px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">reflected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:4869.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:5066.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:5191.61px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11244.38px;left:5904.09px;letter-spacing:-0.56px;white-space:nowrap">transaction.</div></div> </div>
<div style="height:11.57px;left:0px;position:absolute;top:0px;transform:translate(36.000px,739.125px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:120.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">43</div></div> </div>
<div style="height:76.74px;left:0px;position:absolute;top:0px;transform:translate(112.500px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:454.86px">
<div style="width:9097.2px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3463.59px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:5436.39px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6590.04px;white-space:nowrap">Fund</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:1168.95px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:1476.8px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:3067.03px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:3991.64px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:399.75px;left:4398.75px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;position:absolute;top:730.95px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:76.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,27.368px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:76.50px">
<div style="width:1530px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.03px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-12.8px;white-space:nowrap">NCA</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">LONG-TERM
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:2503.67px;letter-spacing:-0.17px;white-space:nowrap">INVESTMENTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3676.46px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">97.2%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5014.37px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5213.72px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5630.2px;white-space:nowrap">Investments)&#160;&#160;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:92.08px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:312.62px;letter-spacing:0px;white-space:nowrap">293,970,541
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:1512px;letter-spacing:-1.34px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:2452.15px;white-space:nowrap">BONDS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:3079.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:3171.66px;white-space:nowrap">97.2%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:4457.41px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:4656.77px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:5073.25px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:801.92px;left:9186.08px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:801.92px;left:9521.62px;letter-spacing:0px;white-space:nowrap">293,970,541</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:1512px;letter-spacing:-0.21px;white-space:nowrap">Consumer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:2341.43px;letter-spacing:-0.08px;white-space:nowrap">Staples
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:2948.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3040.94px;white-space:nowrap">0.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3481.42px;white-space:nowrap">(0.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3976.61px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:4175.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:4592.45px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:1006.4px;white-space:nowrap">70
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3225.1px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3509.74px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4150.21px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4715.96px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5734.98px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3320.77px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:9934.41px;white-space:nowrap">63,501</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:779.21px;white-space:nowrap">4,895
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:1512px;white-space:nowrap">Silicon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:2030.4px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:2495.2px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:3153.91px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:4170.06px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:4914.21px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:5686.2px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:3509.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4051.81px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4496.6px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4918.68px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5480.59px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:1656px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:2675.03px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:3640.77px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4122.68px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:4682.67px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:5305.54px;white-space:nowrap">6/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7078.26px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7723.21px;white-space:nowrap">37.23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,738,998
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:1902.08px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:2700.46px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,802,499
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:3080.3px;letter-spacing:-0.25px;white-space:nowrap">Organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4303.81px;white-space:nowrap">2.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4744.28px;white-space:nowrap">(2.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5239.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5438.84px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5855.31px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:5571.96px;white-space:nowrap">Linxs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:5972.11px;white-space:nowrap">APM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:6358.67px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2512.15px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2994.06px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:3554.05px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:4176.92px;letter-spacing:-0.48px;white-space:nowrap">12/31/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:4928.91px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,000,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:913.61px;white-space:nowrap">220</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3531.35px;left:9841.61px;white-space:nowrap">216,949
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:779.21px;white-space:nowrap">1,425</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/52,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4500.31px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:7630.41px;white-space:nowrap">101.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4116.31px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,426,824
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:779.21px;white-space:nowrap">3,780</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:5066.99px;white-space:nowrap">Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:5654.03px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:6194.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2017M,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:2245.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4893.27px;left:2868.62px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4701.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,947,038
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:779.21px;white-space:nowrap">1,070</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:2454.38px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:3230.22px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:3852.29px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:4524.76px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:5066.99px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:5548.9px;letter-spacing:-0.6px;white-space:nowrap">2018AZ,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:6200.41px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5286.23px;left:1656px;white-space:nowrap">5/15/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5094.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,149,790
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:1902.08px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:3390.54px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5487.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,741,141
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:2065.11px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:2552.15px;white-space:nowrap">9.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:2992.63px;white-space:nowrap">(10.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:3591.18px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:3790.54px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5801.51px;left:4207.01px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6262.47px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:779.21px;white-space:nowrap">4,105
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:2278.87px;white-space:nowrap">11/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,198,471
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:2679.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:3161.73px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:3721.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:4344.59px;white-space:nowrap">11/15/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,052,730
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:779.21px;white-space:nowrap">2,045</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:6135.95px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:6459.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:1656px;white-space:nowrap">Hope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:2101.75px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:2755.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:3375.98px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:3942.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:4424.61px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:4872.6px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:5495.47px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,869,110
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:2198.23px;letter-spacing:-0.15px;white-space:nowrap">CommonSpirit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:3302.7px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:3854.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:4336.6px;white-space:nowrap">2020A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:779.21px;white-space:nowrap">1,815
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:2278.87px;white-space:nowrap">4/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7843.27px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,653,647
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:779.21px;white-space:nowrap">3,830</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:2278.87px;white-space:nowrap">4/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8044.23px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,376,298
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:913.61px;white-space:nowrap">625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:3505.74px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:4184.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:4666.2px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:5226.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8437.19px;left:5849.06px;white-space:nowrap">8/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8245.19px;left:9841.61px;white-space:nowrap">631,331
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8638.15px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8830.15px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:913.61px;white-space:nowrap">240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:2278.87px;white-space:nowrap">10/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9223.11px;left:9842.61px;letter-spacing:0px;white-space:nowrap">242,184
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:913.61px;white-space:nowrap">840</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:2509.59px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:3024.78px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:3177.42px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:3854.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:4336.12px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:4885.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9616.07px;left:5508.74px;white-space:nowrap">10/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9424.07px;left:9841.61px;white-space:nowrap">842,780
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:779.21px;white-space:nowrap">1,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:5571.96px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:2171.19px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:2768.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:3250.86px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:3810.85px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:4433.71px;white-space:nowrap">2/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:5056.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:5144.42px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10009.02px;left:5559.94px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9817.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,456,496
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10209.98px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:1656px;white-space:nowrap">Eisenhower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:2545.75px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:3166.7px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:3733.41px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:4527.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10401.98px;left:5009.88px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:779.21px;white-space:nowrap">2,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:2278.87px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.94px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,684,520
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:913.61px;white-space:nowrap">120</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:2278.87px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10803.9px;left:9842.61px;letter-spacing:0px;white-space:nowrap">119,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11004.86px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11196.86px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">NorthBay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11196.86px;left:2380.95px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11196.86px;left:3207.82px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11196.86px;left:3754.37px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11196.86px;left:4236.29px;white-space:nowrap">2017A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:2278.87px;white-space:nowrap">11/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11397.82px;left:9935.41px;letter-spacing:0px;white-space:nowrap">94,853
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:779.21px;white-space:nowrap">1,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11598.78px;left:9842.61px;letter-spacing:0px;white-space:nowrap">949,652
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:913.61px;white-space:nowrap">400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:2278.87px;white-space:nowrap">11/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11799.74px;left:9842.61px;letter-spacing:0px;white-space:nowrap">364,932
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:913.61px;white-space:nowrap">520</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:3006.07px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:3755.66px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:4499.81px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:5355.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:5543.96px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">Palomar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:2287.03px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:2839.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:3320.94px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:3880.93px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:4503.8px;white-space:nowrap">11/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:5218.98px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:5307.3px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12192.7px;left:5722.82px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12000.7px;left:9841.61px;white-space:nowrap">555,506
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4228.3px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5125.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5953.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">44</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NCA</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2065.11px;letter-spacing:-0.82px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2499.99px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.21px;white-space:nowrap">Redlands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2375.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3263.34px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3941.89px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4614.37px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5156.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5638.51px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6086.5px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">10/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,004,900</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2278.87px;white-space:nowrap">12/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9841.61px;white-space:nowrap">151,330
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:779.21px;white-space:nowrap">5,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,674,198
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,000,710
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:913.61px;white-space:nowrap">245</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5677.87px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6193.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2198.23px;white-space:nowrap">Enloe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2655.51px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3276.46px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3843.17px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4637.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5119.64px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5679.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:6302.5px;white-space:nowrap">8/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:1656px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:1744.32px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:2159.84px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:9841.61px;white-space:nowrap">262,358
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1512px;white-space:nowrap">University
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2265.59px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2454.38px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3193.42px;letter-spacing:-0.75px;white-space:nowrap">Regents,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3863.01px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4483.96px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5021.55px;letter-spacing:-1.65px;white-space:nowrap">Pooled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5572.1px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:6244.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2137.91px;letter-spacing:-3.98px;white-space:nowrap">2022P,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2655.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:3278.53px;white-space:nowrap">5/15/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,139,880
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1902.08px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2417.27px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">29,325,426
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:3154.7px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:3246.85px;white-space:nowrap">9.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:3687.33px;white-space:nowrap">(9.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:4182.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:4381.88px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4479.35px;left:4798.36px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:779.21px;white-space:nowrap">2,175</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2870.7px;letter-spacing:-0.7px;white-space:nowrap">Creekwood,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:3798.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:4280.76px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:4840.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:5463.62px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:6122.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,357,570
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:779.21px;white-space:nowrap">2,190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4393.89px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4893.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:5375.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:6079.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5525.27px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">8/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5525.27px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,708,112
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:779.21px;white-space:nowrap">1,420</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:2870.7px;letter-spacing:-0.32px;white-space:nowrap">Serenity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:3500.46px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:3675.01px;letter-spacing:-0.11px;white-space:nowrap">Larkspur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:4340.6px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:5270.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:5752.26px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:6312.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6110.23px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6110.23px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,119,911
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:913.61px;white-space:nowrap">800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:2870.7px;letter-spacing:-0.09px;white-space:nowrap">Stoneridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:3722.21px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:4651.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:5133.87px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:5693.86px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6695.19px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6695.19px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7078.26px;white-space:nowrap">2/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:9841.61px;white-space:nowrap">583,288
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:779.21px;white-space:nowrap">1,115</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:4411.97px;letter-spacing:-0.86px;white-space:nowrap">Workforce
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:5209.88px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:5860.59px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:2195.35px;white-space:nowrap">Annadel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:2849.59px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:3779.33px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:4261.25px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:4821.24px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:5444.11px;letter-spacing:-0.53px;white-space:nowrap">4/01/49,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:6103.29px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:9841.61px;white-space:nowrap">920,767
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:779.21px;white-space:nowrap">2,152</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2019-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:3922.04px;white-space:nowrap">3/20/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,078,242
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:779.21px;white-space:nowrap">1,841</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2021-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:3922.04px;white-space:nowrap">11/20/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,694,256
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:913.61px;white-space:nowrap">324</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:2225.27px;letter-spacing:-0.34px;white-space:nowrap">Series2019-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:3259.17px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:3882.04px;white-space:nowrap">1/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:9841.61px;white-space:nowrap">316,131
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:779.21px;white-space:nowrap">1,787</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:2225.27px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:2699.03px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:3554.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:4036.29px;letter-spacing:-0.6px;white-space:nowrap">2023-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:4628.28px;letter-spacing:-0.6px;white-space:nowrap">4.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:5251.15px;white-space:nowrap">9/20/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,738,156
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:4357.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:4910.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:5395.96px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:2870.7px;letter-spacing:-0.36px;white-space:nowrap">Caritas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:3410.38px;letter-spacing:-0.52px;white-space:nowrap">Affordable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:4227.49px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:4878.2px;white-space:nowrap">Inc
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:5132.76px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2166.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2647.98px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:1006.4px;white-space:nowrap">80
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:2278.87px;white-space:nowrap">8/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:9935.41px;letter-spacing:0px;white-space:nowrap">80,568
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:913.61px;white-space:nowrap">215</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:2278.87px;white-space:nowrap">8/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9646.87px;left:9842.61px;letter-spacing:0px;white-space:nowrap">216,157
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:779.21px;white-space:nowrap">2,320</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3175.51px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3771.19px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3889.59px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:4665.42px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5343.17px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5993.88px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2194.39px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2507.51px;white-space:nowrap">Mix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2806.71px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2981.27px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:3518.86px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:3873.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:4355.8px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:5059.79px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:5682.66px;letter-spacing:-0.53px;white-space:nowrap">4/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:6341.84px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,639,034
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:913.61px;white-space:nowrap">800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:3175.51px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:3802.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:4578.06px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:5255.81px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:5906.52px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:2198.23px;white-space:nowrap">Enclave
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:2798.39px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:3728.13px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4238.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4720.12px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:5424.11px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:6046.97px;letter-spacing:-0.53px;white-space:nowrap">8/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10624.79px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:9841.61px;white-space:nowrap">590,144
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:913.61px;white-space:nowrap">125</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11017.75px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11209.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.600%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11209.75px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11209.75px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:9934.41px;white-space:nowrap">98,526
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:779.21px;white-space:nowrap">1,130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11602.71px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11794.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11794.71px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11794.71px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:9841.61px;white-space:nowrap">768,027
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:913.61px;white-space:nowrap">175</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:4965.73px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:5783.31px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12187.66px;left:6129.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12379.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12379.66px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12379.66px;left:2828.62px;letter-spacing:-0.48px;white-space:nowrap">10/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12379.66px;left:3580.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:9841.61px;white-space:nowrap">130,333
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:779.21px;white-space:nowrap">1,465</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:4965.73px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:5475.8px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:5821.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12772.62px;left:6303.79px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12964.62px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12964.62px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12964.62px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,196,685
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">45</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,005</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2867.83px;white-space:nowrap">Altana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3374.7px;letter-spacing:-0.48px;white-space:nowrap">Glendale,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4120.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4602.04px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5306.03px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5928.9px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,471,951</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">2,310
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3408.29px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3729.41px;letter-spacing:-0.53px;white-space:nowrap">Anaheim,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4462.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4944.6px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5504.59px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6127.46px;letter-spacing:-0.53px;white-space:nowrap">1/01/54,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,803,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:913.61px;white-space:nowrap">370</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2870.7px;white-space:nowrap">Millennium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3724.78px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4189.73px;letter-spacing:-0.32px;white-space:nowrap">Bay-Hawthorne,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5386.51px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5868.42px;white-space:nowrap">2021A-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6535.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1988.8px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2611.66px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:3270.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9841.61px;white-space:nowrap">249,139
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:779.21px;white-space:nowrap">1,925</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2870.7px;white-space:nowrap">Moda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3337.58px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3512.14px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4240.61px;letter-spacing:-0.82px;white-space:nowrap">Station,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4822.68px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5296.44px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5778.35px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,369,830
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2333.75px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2984.46px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3656.93px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4199.16px;letter-spacing:-0.29px;white-space:nowrap">Monterrey
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4995.79px;letter-spacing:-0.32px;white-space:nowrap">Station
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:1656px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:2585.75px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:3095.82px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:3441.9px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3571.12px;left:3923.81px;white-space:nowrap">2021A-1:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:913.61px;white-space:nowrap">220
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:9842.61px;letter-spacing:0px;white-space:nowrap">162,560
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:913.61px;white-space:nowrap">950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:9842.61px;letter-spacing:0px;white-space:nowrap">617,225
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:913.61px;white-space:nowrap">405</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2870.7px;letter-spacing:-0.45px;white-space:nowrap">Oceanaire-Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:4089.09px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:4616.93px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:5090.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:5572.6px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:6276.58px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">9/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:9841.61px;white-space:nowrap">292,811
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:913.61px;white-space:nowrap">880</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2870.7px;letter-spacing:-0.68px;white-space:nowrap">Parallel-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:4140.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:4622.52px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:5182.51px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:5805.38px;letter-spacing:-0.53px;white-space:nowrap">8/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:6464.57px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:9841.61px;white-space:nowrap">649,493
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:913.61px;white-space:nowrap">530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:5201.08px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:6018.67px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5535.91px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5535.91px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5535.91px;left:2687.66px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5535.91px;left:3310.53px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5535.91px;left:4062.51px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:9841.61px;white-space:nowrap">371,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:913.61px;white-space:nowrap">555</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:5201.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5928.87px;left:5682.99px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6120.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6120.87px;left:2278.87px;white-space:nowrap">12/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:9841.61px;white-space:nowrap">365,368
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:913.61px;white-space:nowrap">795</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:2870.7px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:3347.98px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:3812.93px;letter-spacing:-2.11px;white-space:nowrap">Bay,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:4149.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:4631.16px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:5335.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6513.83px;left:5958.02px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6705.83px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6321.83px;left:9841.61px;white-space:nowrap">570,651
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:913.61px;white-space:nowrap">560</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7098.79px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7290.79px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6906.79px;left:9841.61px;white-space:nowrap">393,691
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:779.21px;white-space:nowrap">2,035</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7683.75px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7875.75px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7491.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,277,186
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:779.21px;white-space:nowrap">2,080</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:2868.79px;letter-spacing:-1.15px;white-space:nowrap">Wood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:3355.98px;letter-spacing:-0.48px;white-space:nowrap">Creek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:3827.66px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:4757.4px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:5267.47px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:5613.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8268.71px;left:6095.46px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8460.71px;left:2278.87px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8076.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,355,702
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:1902.08px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8661.67px;left:9614.42px;letter-spacing:0px;white-space:nowrap">27,185,748
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:1512px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:2360.15px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:2755.03px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:2847.19px;white-space:nowrap">0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:3287.67px;white-space:nowrap">(0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:3782.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:3982.22px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8975.99px;left:4398.69px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:913.61px;white-space:nowrap">545</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:4921.25px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:5507.96px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:6180.43px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:2544.31px;letter-spacing:-1.56px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:3205.42px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:3447.98px;letter-spacing:-1.44px;white-space:nowrap">Persons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:4051.17px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:4394.52px;white-space:nowrap">Developmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:5558.67px;letter-spacing:-0.34px;white-space:nowrap">Disabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9436.95px;left:6428.58px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9628.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9628.95px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">6.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9628.95px;left:2838.86px;white-space:nowrap">2/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:9841.61px;white-space:nowrap">546,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9829.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9829.91px;left:1902.08px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9829.91px;left:2715.67px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9829.91px;left:9841.61px;white-space:nowrap">546,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:1815.2px;letter-spacing:-0.18px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:3462.54px;white-space:nowrap">19.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:4006.38px;white-space:nowrap">(20.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:4604.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:4804.29px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10144.23px;left:5220.76px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:1512px;white-space:nowrap">Anaheim
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:2208.47px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:2685.75px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:3075.02px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:3614.38px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:4202.37px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:4805.08px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:5401.87px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:6177.71px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:3022.86px;white-space:nowrap">2014
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:3434.05px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:4062.05px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:4543.96px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:4991.95px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:5614.82px;white-space:nowrap">8/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:6237.21px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:6328.4px;white-space:nowrap">BAM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10797.19px;left:1656px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,301,360
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:913.61px;white-space:nowrap">375</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Butte-Glenn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:2431.35px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:3319.66px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:3935.49px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:4523.48px;letter-spacing:-0.32px;white-space:nowrap">Butte
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:4949.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:5269.55px;white-space:nowrap">Glenn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:5751.94px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5048.76px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11382.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11382.15px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:9841.61px;white-space:nowrap">393,705
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:1099.2px;white-space:nowrap">5</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:4682.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:5164.75px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:5612.74px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:6235.61px;white-space:nowrap">2/01/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:10027.21px;white-space:nowrap">5,009
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:5895.31px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:3208.77px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11784.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,096,180
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:779.21px;white-space:nowrap">2,240</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2013,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:2278.87px;white-space:nowrap">11/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:6985.46px;white-space:nowrap">11/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12177.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,244,704
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4228.3px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5125.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5953.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">46</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NCA</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3410.38px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2137.91px;white-space:nowrap">2014:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2278.87px;white-space:nowrap">5/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">5/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">5,059,950</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:779.21px;white-space:nowrap">1,970
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:2278.87px;white-space:nowrap">10/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1441.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,995,906
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:5895.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:6377.22px;letter-spacing:-0.8px;white-space:nowrap">2018.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1656px;white-space:nowrap">Bid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1939.68px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2448.47px;letter-spacing:-0.96px;white-space:nowrap">A/B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2798.23px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:3421.1px;white-space:nowrap">10/01/48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:6985.46px;white-space:nowrap">10/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1642.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,111,620
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:779.21px;white-space:nowrap">2,100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:1512px;letter-spacing:-0.32px;white-space:nowrap">Carlsbad
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2207.99px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:2775.02px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:3314.38px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:3902.37px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:4211.01px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:4702.52px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:5299.31px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:6075.14px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3022.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:3504.77px;letter-spacing:-0.69px;white-space:nowrap">2009B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4054.52px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2227.12px;left:4677.39px;white-space:nowrap">5/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7078.26px;white-space:nowrap">5/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2035.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,135,385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Chaffey
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2107.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:2995.34px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:3611.18px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:4199.17px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:4507.8px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5364.43px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:5961.22px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:3641.1px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:4239.01px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5033.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5515.48px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2620.07px;left:5963.47px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1656px;white-space:nowrap">6/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2428.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,963,880
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Chaffey
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2105.12px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2505.27px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:2982.54px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3371.82px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:3911.17px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:4499.16px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:4807.8px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:5664.43px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:5048.76px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3397.03px;left:2278.87px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3013.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,043,770
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1512px;white-space:nowrap">Chino
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:1988.32px;letter-spacing:-0.96px;white-space:nowrap">Valley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:2456.95px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3023.98px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:3563.34px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4151.33px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:4459.97px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:5316.59px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:5913.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:3644.94px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:4056.13px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3789.99px;left:5715.78px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3981.99px;left:1656px;white-space:nowrap">8/01/55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7078.26px;white-space:nowrap">8/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3597.99px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,271,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:913.61px;white-space:nowrap">690</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:2437.11px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3325.42px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:3941.25px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:4529.24px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:5305.07px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:5927.15px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2198.23px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:2609.42px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:3237.42px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:3719.33px;letter-spacing:-0.69px;white-space:nowrap">2017J,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4246.04px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4374.95px;left:4868.91px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4182.95px;left:9841.61px;white-space:nowrap">681,858
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:1512px;white-space:nowrap">Marin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:1969.75px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:2796.62px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:3384.61px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:3842.37px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:4439.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:5214.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:5837.06px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:2198.23px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:2609.42px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:3274.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:3756.13px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:4316.12px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4767.91px;left:4938.99px;white-space:nowrap">8/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4575.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,958,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:913.61px;white-space:nowrap">519</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:2025.75px;letter-spacing:-1.12px;white-space:nowrap">Rico,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:2414.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:3036.3px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:3860.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:4403.17px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:5854.66px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5160.87px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4968.87px;left:9841.61px;white-space:nowrap">448,805
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:913.61px;white-space:nowrap">840</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:1820.64px;white-space:nowrap">Benito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:2335.35px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:2724.62px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:3263.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:3851.97px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:4160.61px;white-space:nowrap">Benito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:4675.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:4995.64px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:5440.43px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:5862.51px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:4420.77px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:4831.96px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5941.86px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5361.83px;left:9841.61px;white-space:nowrap">882,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:686.41px;white-space:nowrap">11,875</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1820.64px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:2326.23px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:2803.51px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3192.78px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3732.14px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:4320.12px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:4628.76px;letter-spacing:-0.27px;white-space:nowrap">Mateo
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5134.36px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5731.15px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2278.07px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:3102.7px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:3644.94px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4272.93px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4684.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:5166.03px;letter-spacing:-0.69px;white-space:nowrap">2011A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:5726.02px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:1656px;white-space:nowrap">9/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:2318.39px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7078.26px;white-space:nowrap">9/36
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,265,694
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:686.41px;white-space:nowrap">19,860</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:1512px;letter-spacing:-1.6px;white-space:nowrap">Yosemite
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:2217.75px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:3106.06px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:3721.89px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:4309.88px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5085.71px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5707.79px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:2198.23px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:2751.19px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:3774.7px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:4402.69px;letter-spacing:-0.8px;white-space:nowrap">2004,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:4850.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:5332.59px;letter-spacing:-1.78px;white-space:nowrap">2010D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:5894.02px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6915.75px;left:1656px;white-space:nowrap">8/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6915.75px;left:2318.39px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7232.49px;white-space:nowrap">No
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:9614.42px;letter-spacing:0px;white-space:nowrap">15,063,611
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:2176.96px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:9614.42px;letter-spacing:0px;white-space:nowrap">59,923,107
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:1815.2px;letter-spacing:-0.07px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:3438.05px;white-space:nowrap">10.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:3981.89px;white-space:nowrap">(10.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:4580.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:4779.8px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7431.03px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:1512px;white-space:nowrap">Bell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:1825.92px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2714.23px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3915.97px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:4542.69px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:5314.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2431.67px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2973.91px;white-space:nowrap">Bell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3287.82px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3824.94px;letter-spacing:-1.44px;white-space:nowrap">Area,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:4244.45px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:4726.36px;white-space:nowrap">2003:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:913.61px;white-space:nowrap">665
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:2278.87px;white-space:nowrap">10/01/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3085.25px;white-space:nowrap">RAAI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3486.69px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7078.26px;white-space:nowrap">9/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:9842.61px;letter-spacing:0px;white-space:nowrap">666,317
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2278.87px;white-space:nowrap">10/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:2994.05px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3085.25px;white-space:nowrap">RAAI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:3486.69px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8293.91px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,002,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:5817.87px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:6275.14px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2198.23px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:2937.26px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:3339.5px;letter-spacing:-1.81px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:4024.77px;letter-spacing:-0.44px;white-space:nowrap">Retirement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:4863.64px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8686.87px;left:5424.59px;letter-spacing:-0.22px;white-space:nowrap">Headquarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:1656px;letter-spacing:-0.44px;white-space:nowrap">Expansion,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:2486.71px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:2982.06px;letter-spacing:-0.12px;white-space:nowrap">Bond-Climate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:4030.53px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:4464.93px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">Certified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:5136.6px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:5618.51px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8878.87px;left:6066.5px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:1656px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7078.26px;white-space:nowrap">8/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8494.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,063,420
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:1844.8px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:2732.14px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:2884.78px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:3961.09px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:4538.84px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:5480.91px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9463.83px;left:6142.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1656px;letter-spacing:-3.15px;white-space:nowrap">2013F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2176.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2799.5px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9271.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,502,295
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:779.21px;white-space:nowrap">1,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:1844.8px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2732.14px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:2884.78px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:3961.09px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:4538.84px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:5480.91px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10048.79px;left:6142.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2838.86px;white-space:nowrap">9/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:7078.26px;white-space:nowrap">9/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9856.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,267,812
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:1006.4px;white-space:nowrap">55</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:3509.57px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4182.05px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4724.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:5206.19px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:5910.18px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:1656px;white-space:nowrap">6/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10441.75px;left:9934.41px;white-space:nowrap">57,141
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:779.21px;white-space:nowrap">4,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2323.99px;white-space:nowrap">R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2459.83px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2874.55px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:3153.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:3825.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:4367.97px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:4878.04px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:5359.96px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:5919.95px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:1656px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,166,280
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:779.21px;white-space:nowrap">2,300</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:4588.77px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:5098.84px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:5444.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:5926.83px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:2278.87px;white-space:nowrap">7/01/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,412,102
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:3002.86px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:3481.26px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:3978.05px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:4727.65px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:5471.8px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:6247.63px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:3352.62px;letter-spacing:-0.53px;white-space:nowrap">2019E-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:4039.32px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:4662.19px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:6985.46px;white-space:nowrap">12/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,063,150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:913.61px;white-space:nowrap">700</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:2437.11px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:3004.14px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:3543.5px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:4131.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:4907.32px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:5762.67px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:5951.46px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:1656px;white-space:nowrap">Sustainability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:2655.83px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:3151.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:3633.09px;letter-spacing:-0.69px;white-space:nowrap">2023A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:4193.08px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12781.58px;left:4815.95px;white-space:nowrap">10/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12589.58px;left:9841.61px;white-space:nowrap">712,159
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">47</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">4,953</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5484.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6156.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2625.58px;letter-spacing:-0.53px;white-space:nowrap">2018A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3329.57px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3952.44px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,806,391</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">2,095
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5484.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6156.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2253.92px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3223.5px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Cofina
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3739.97px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4279.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4761.88px;letter-spacing:-0.53px;white-space:nowrap">2019A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5465.87px;letter-spacing:-0.6px;white-space:nowrap">4.784%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6088.73px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,963,832
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:913.61px;white-space:nowrap">625</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1512px;white-space:nowrap">River
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1915.03px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2459.35px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2939.66px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:3689.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4433.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:5209.24px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:5774.52px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:6053.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3756.77px;white-space:nowrap">2003-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4311.96px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5332.11px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5714.83px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5884.43px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3464.77px;white-space:nowrap">9/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4087.15px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4175.48px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4590.99px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">9/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9841.61px;white-space:nowrap">676,213
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1006.4px;white-space:nowrap">70</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1820.64px;letter-spacing:-0.48px;white-space:nowrap">Clemente,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2612.47px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3388.3px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3953.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4232.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4904.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:5447px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2868.46px;white-space:nowrap">2006-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3423.65px;letter-spacing:-0.09px;white-space:nowrap">Marblehead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4353.4px;letter-spacing:-0.75px;white-space:nowrap">Coastal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4974.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5456.1px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5904.09px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:9934.41px;white-space:nowrap">70,807
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:913.61px;white-space:nowrap">150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5367.65px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5918.83px;letter-spacing:-1.6px;white-space:nowrap">7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:6088.43px;white-space:nowrap">Hunters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2058.71px;letter-spacing:-0.32px;white-space:nowrap">Shipyard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2743.99px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3218.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3578.54px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4709.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5503.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5985.87px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2278.87px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2803.12px;left:9841.61px;white-space:nowrap">150,626
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2427.99px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2703.83px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3479.51px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4021.74px;white-space:nowrap">Mission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4616.29px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:4921.57px;letter-spacing:-0.32px;white-space:nowrap">North
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:5381.24px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:1656px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:2232.79px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:3027.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:3509.26px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:4069.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:4692.12px;white-space:nowrap">8/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:5314.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:5405.7px;white-space:nowrap">NPFG
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3964.07px;left:5875.3px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">5,132,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1006.4px;white-space:nowrap">80</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:1512px;white-space:nowrap">Signal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2002.08px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:2277.59px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:3479.34px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:4106.06px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:4881.89px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5421.88px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5550.84px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:5826.68px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:3128.13px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4357.03px;left:3751px;white-space:nowrap">10/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4165.03px;left:9934.41px;white-space:nowrap">80,181
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:2192.79px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:2673.11px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:3422.71px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:4166.85px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4557.99px;left:4942.69px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:2195.35px;letter-spacing:-0.58px;white-space:nowrap">Arch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:2575.35px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:2994.39px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:3336.3px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:4224.61px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:4761.41px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4749.99px;left:5312.6px;letter-spacing:-0.69px;white-space:nowrap">99-02,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4941.99px;left:2137.91px;white-space:nowrap">2018A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:2278.87px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5142.95px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,047,170
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:913.61px;white-space:nowrap">765</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:2278.87px;white-space:nowrap">9/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5343.91px;left:9842.61px;letter-spacing:0px;white-space:nowrap">772,879
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:913.61px;white-space:nowrap">195</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:1512px;letter-spacing:-1.71px;white-space:nowrap">Temecula
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:2250.87px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:2731.19px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:3480.79px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:4224.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:5000.77px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:5566.05px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:5844.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:3756.77px;letter-spacing:-0.69px;white-space:nowrap">16-01,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4255.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:4737.88px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:5185.87px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:5808.73px;letter-spacing:-0.53px;white-space:nowrap">9/01/32,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5736.87px;left:6467.92px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:7078.26px;white-space:nowrap">9/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5544.87px;left:9841.61px;white-space:nowrap">207,969
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:779.21px;white-space:nowrap">2,185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:1512px;letter-spacing:-1.81px;white-space:nowrap">Transbay
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:2197.43px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:2597.59px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:3153.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:3897.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:4669.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:4945.24px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:5720.91px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:6263.15px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6129.83px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6129.83px;left:2151.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6129.83px;left:2633.27px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6129.83px;left:3193.26px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6129.83px;left:3816.12px;white-space:nowrap">10/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5937.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,207,374
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:2176.96px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:9614.42px;letter-spacing:0px;white-space:nowrap">31,029,358
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:2770.87px;white-space:nowrap">17.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:3314.7px;white-space:nowrap">(18.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:3913.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:4112.62px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6645.11px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:913.61px;white-space:nowrap">225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:4357.25px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:4926.37px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:5463.17px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:6135.64px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:1656px;white-space:nowrap">United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:2183.83px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:2806.07px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:3097.42px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:3382.06px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:4022.53px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:4978.04px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:5533.39px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7106.07px;left:6110.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2726.86px;letter-spacing:-0.53px;white-space:nowrap">7/15/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:3386.05px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:9841.61px;white-space:nowrap">222,212
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7691.03px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:779.21px;white-space:nowrap">1,945
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2278.87px;white-space:nowrap">1/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7891.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,950,602
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:779.21px;white-space:nowrap">2,580</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:1922.56px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:2450.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3226.22px;white-space:nowrap">Harbor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:3781.41px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:4453.89px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:4996.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:5478.03px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:6038.02px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8284.95px;left:1656px;white-space:nowrap">5/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7078.26px;white-space:nowrap">5/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8092.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,740,837
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:686.41px;white-space:nowrap">10,415</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2018C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8677.91px;left:6173.86px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8869.91px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8485.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,602,262
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:779.21px;white-space:nowrap">2,670</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:5610.67px;letter-spacing:-1.78px;white-space:nowrap">2019D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9262.87px;left:6172.1px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9454.87px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:6985.46px;white-space:nowrap">11/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9070.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,835,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:779.21px;white-space:nowrap">1,480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9847.83px;left:6170.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10039.83px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9655.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,537,454
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:779.21px;white-space:nowrap">3,075</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:5627.63px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:6182.99px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:2198.23px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:3136.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:3618.69px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4178.68px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10432.79px;left:4801.55px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10240.79px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,871,312
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:779.21px;white-space:nowrap">5,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:5627.63px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:6182.99px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:2198.23px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:3136.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:3618.69px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:4168.44px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:4791.31px;letter-spacing:-0.53px;white-space:nowrap">7/01/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10825.75px;left:5450.5px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10633.75px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,413,150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:686.41px;white-space:nowrap">13,570</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:3929.73px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:5014.52px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:5652.11px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11218.71px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2017B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11410.71px;left:2828.62px;white-space:nowrap">5/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7078.26px;white-space:nowrap">5/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11026.71px;left:9614.42px;letter-spacing:0px;white-space:nowrap">14,018,488
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:779.21px;white-space:nowrap">6,465</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:4524.13px;white-space:nowrap">Governmental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:5608.91px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11803.66px;left:6246.5px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:2219.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11995.66px;left:2842.06px;white-space:nowrap">5/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7078.26px;white-space:nowrap">5/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11611.66px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,627,142
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:779.21px;white-space:nowrap">4,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:2543.83px;letter-spacing:-0.21px;white-space:nowrap">Airports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:3170.22px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:4153.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:4929.24px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:5601.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:6143.95px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:1656px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:2382.07px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:3337.58px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:3929.73px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:4524.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:5006.04px;letter-spacing:-1.78px;white-space:nowrap">2018D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:5567.47px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12388.62px;left:6190.34px;letter-spacing:-0.53px;white-space:nowrap">5/01/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12580.62px;left:1656px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:7078.26px;white-space:nowrap">5/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12196.62px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,234,797
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Municipal
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4228.3px;white-space:nowrap">Value
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:5125.59px;white-space:nowrap">Fund
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5953.01px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">48</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NCA</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2718.71px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">665</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2431.83px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3226.39px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3736.46px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4078.7px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4372.94px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4791.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5464.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6006.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2838.86px;white-space:nowrap">1/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">617,665</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2427.99px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2722.23px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3141.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3813.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4355.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5148.61px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5648.6px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5994.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2828.62px;white-space:nowrap">1/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9841.61px;white-space:nowrap">252,950
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1898.24px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9614.42px;letter-spacing:0px;white-space:nowrap">52,924,411
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:2901.43px;white-space:nowrap">6.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:3341.9px;white-space:nowrap">(6.3%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:3837.1px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:4036.46px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:4452.93px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2331.52px;left:5495px;white-space:nowrap">(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:779.21px;white-space:nowrap">1,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:1512px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:1814.4px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:2193.28px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:2484.64px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:3228.78px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:4004.62px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:4677.09px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:5219.32px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:5527.96px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:6254.03px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:1656px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:2034.88px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:2329.12px;letter-spacing:-0.6px;white-space:nowrap">Bridge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:2899.83px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:3838.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:4320.29px;letter-spacing:-0.53px;white-space:nowrap">2019S-H,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:5024.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:5647.46px;letter-spacing:-0.53px;white-space:nowrap">4/01/44,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2792.48px;left:6306.65px;letter-spacing:-2.11px;white-space:nowrap">(Pre-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2984.48px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2984.48px;left:2370.71px;white-space:nowrap">4/01/29)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:7078.26px;white-space:nowrap">4/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2600.48px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,679,265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:913.61px;white-space:nowrap">285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:2679.82px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3474.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3956.29px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:4516.28px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:5139.15px;letter-spacing:-0.53px;white-space:nowrap">8/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:5798.33px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3569.43px;left:1656px;white-space:nowrap">8/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:9841.61px;white-space:nowrap">295,762
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:913.61px;white-space:nowrap">795
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:4076.12px;white-space:nowrap">11/15/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:9842.61px;letter-spacing:0px;white-space:nowrap">845,689
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4364.31px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:913.61px;white-space:nowrap">185
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:4076.12px;white-space:nowrap">10/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4949.27px;left:9842.61px;letter-spacing:0px;white-space:nowrap">188,508
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:779.21px;white-space:nowrap">3,130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:5817.87px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:4441.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:4923.48px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:5483.47px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5342.23px;left:6106.34px;letter-spacing:-0.48px;white-space:nowrap">10/01/33,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2701.27px;white-space:nowrap">10/01/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:6985.46px;white-space:nowrap">10/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5150.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,321,493
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:779.21px;white-space:nowrap">2,215</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5846.03px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:6140.27px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:3663.34px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:4163.33px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:4509.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:4991.32px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:5554.51px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:6177.38px;letter-spacing:-0.53px;white-space:nowrap">1/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6119.19px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6119.19px;left:2701.27px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,240,428
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:779.21px;white-space:nowrap">4,875
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,922,385
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:779.21px;white-space:nowrap">4,875</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6914.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">4,926,188
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:1512px;white-space:nowrap">Golden
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7115.03px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:1656px;white-space:nowrap">Enhanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:2424.96px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3083.67px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:3910.38px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7307.03px;left:4937.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7499.03px;left:3474.7px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:913.61px;white-space:nowrap">100
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7699.99px;left:9842.61px;letter-spacing:0px;white-space:nowrap">103,519
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:1006.4px;white-space:nowrap">80</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7900.95px;left:9935.41px;letter-spacing:0px;white-space:nowrap">82,815
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:1902.08px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:2220.47px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8101.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">18,606,052
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:2241.9px;white-space:nowrap">21.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:2785.74px;white-space:nowrap">(22.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:3384.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:3583.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8416.23px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:913.61px;white-space:nowrap">850</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:5817.87px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:6280.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:4441.57px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:4936.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:5418.83px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8877.19px;left:5866.83px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9069.19px;left:1656px;white-space:nowrap">10/01/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:7078.26px;white-space:nowrap">4/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8685.19px;left:9841.61px;white-space:nowrap">899,810
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:2251.03px;letter-spacing:-1.15px;white-space:nowrap">Pollution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:2925.11px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:3512.62px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:4262.21px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9270.15px;left:5004.44px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9462.15px;left:1656px;letter-spacing:-0.61px;white-space:nowrap">Furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9462.15px;left:2461.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9462.15px;left:3133.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9462.15px;left:3675.81px;letter-spacing:-1.28px;white-space:nowrap">Poseidon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9462.15px;left:4390.05px;letter-spacing:-0.48px;white-space:nowrap">Resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:1656px;white-space:nowrap">Channelside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:2612.15px;white-space:nowrap">LP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:2826.54px;letter-spacing:-0.12px;white-space:nowrap">Desalination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:3774.21px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:4351px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9654.15px;left:4832.92px;white-space:nowrap">2012:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:779.21px;white-space:nowrap">1,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:2938.06px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:3455.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9855.11px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,374,794
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:779.21px;white-space:nowrap">3,750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/21/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:3030.85px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:3548.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10056.07px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,661,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:2250.54px;letter-spacing:-1.15px;white-space:nowrap">Pollution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:2924.12px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:3511.13px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:4260.24px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:5001.97px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:5474.91px;letter-spacing:-0.61px;white-space:nowrap">Furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:6279.53px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:2198.23px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:2506.87px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:2998.38px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:3562.22px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:4032.77px;white-space:nowrap">Authoriity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:4785.88px;letter-spacing:-0.12px;white-space:nowrap">Desalination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:5733.55px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10449.02px;left:6273.54px;letter-spacing:-0.86px;white-space:nowrap">Pipeline,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:2450.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:2932.46px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:3380.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:4003.32px;letter-spacing:-0.53px;white-space:nowrap">7/01/39,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10641.02px;left:4662.51px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:7078.26px;white-space:nowrap">1/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10257.02px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,522,275
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:779.21px;white-space:nowrap">4,200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:1512px;white-space:nowrap">East
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:1853.91px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:2159.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:2914.22px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:3367.66px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:3952.77px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:4650.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:4971px;letter-spacing:-0.55px;white-space:nowrap">Contra
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:5506.83px;letter-spacing:-0.32px;white-space:nowrap">Costa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:5965.06px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:2429.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:2903.35px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:3464.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:4136.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:4679px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:5174.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:5656.27px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11033.98px;left:6216.26px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11225.98px;left:1656px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:7078.26px;white-space:nowrap">6/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10841.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,488,120
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:1512px;white-space:nowrap">Irvine
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:1953.75px;letter-spacing:-0.32px;white-space:nowrap">Ranch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:2437.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:2910.86px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:3498.85px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:4274.69px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:5130.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:5318.83px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:6297.54px;white-space:nowrap">Irvine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">Ranch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:2139.68px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:2613.11px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:3164.3px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:3646.21px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:4094.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11618.94px;left:4717.07px;white-space:nowrap">3/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11426.94px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,083,380
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:779.21px;white-space:nowrap">1,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:1922.56px;letter-spacing:-0.16px;white-space:nowrap">Beach
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:2413.59px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:2847.99px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:3455.02px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:4199.17px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:4975.01px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:5546.2px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:5867.31px;letter-spacing:-1.17px;white-space:nowrap">Purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12011.9px;left:4535.48px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11819.9px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,922,112
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12404.86px;left:4535.48px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12212.86px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,032,260
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:913.61px;white-space:nowrap">835</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2016B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12797.82px;left:4525.23px;white-space:nowrap">7/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:7078.26px;white-space:nowrap">1/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12605.82px;left:9841.61px;white-space:nowrap">864,851
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">49</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:550.80px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:2189.75px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:779.21px;white-space:nowrap">2,425</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3352.62px;letter-spacing:-1.78px;white-space:nowrap">2019D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3914.05px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4536.92px;white-space:nowrap">7/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">7/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,555,611</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:779.21px;white-space:nowrap">1,890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4525.23px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,077,696
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">7,190</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4535.48px;white-space:nowrap">7/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,676,763
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:779.21px;white-space:nowrap">4,150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:5630.83px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:6104.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2022B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2218.16px;left:4525.23px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2026.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,477,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:779.21px;white-space:nowrap">1,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2611.12px;left:4525.23px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2419.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,608,450
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2812.07px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:1656px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:2555.82px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3228.3px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:3770.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3004.07px;left:4252.44px;white-space:nowrap">2020C:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:779.21px;white-space:nowrap">2,500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:2278.87px;white-space:nowrap">7/01/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3205.03px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,807,375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:779.21px;white-space:nowrap">6,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:2278.87px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3405.99px;left:9708.22px;letter-spacing:0px;white-space:nowrap">6,667,740
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:779.21px;white-space:nowrap">1,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:1796.64px;letter-spacing:-0.53px;white-space:nowrap">Angeles,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:2473.91px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:3247.82px;letter-spacing:-0.67px;white-space:nowrap">Wastewater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:4139.33px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:4700.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:5372.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:5914.98px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:2594.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3076.46px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:3636.45px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3798.95px;left:4259.32px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7078.26px;white-space:nowrap">6/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3606.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,500,016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:1512px;white-space:nowrap">M-S-R
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:1980.32px;letter-spacing:-0.41px;white-space:nowrap">Energy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:2530.55px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:3274.7px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4050.53px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:4371.65px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:5044.12px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:5586.35px;letter-spacing:-0.29px;white-space:nowrap">Citigroup
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:6320.42px;letter-spacing:-1.51px;white-space:nowrap">Prepay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:1656px;letter-spacing:-0.79px;white-space:nowrap">Contracts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2430.39px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:2912.3px;letter-spacing:-0.69px;white-space:nowrap">2009C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:3475.49px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4191.91px;left:4098.36px;white-space:nowrap">11/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3999.91px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,188,240
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:3460.46px;letter-spacing:-0.21px;white-space:nowrap">Sewerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4223.97px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:4968.12px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:5640.59px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2450.55px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:2960.63px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3306.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:3788.61px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4348.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:4971.47px;letter-spacing:-0.53px;white-space:nowrap">7/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4584.87px;left:5630.66px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4392.87px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,921,800
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:779.21px;white-space:nowrap">5,775</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:1512px;letter-spacing:-0.44px;white-space:nowrap">Riverside,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:2256.31px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:3032.14px;white-space:nowrap">Sewer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:3522.37px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:4194.85px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:4737.08px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:5531.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:6013.54px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4977.83px;left:2278.87px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7078.26px;white-space:nowrap">8/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4785.83px;left:9707.22px;letter-spacing:0px;white-space:nowrap">6,171,627
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2312.15px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:2792.47px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:3453.74px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4203.34px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5178.79px;left:4947.49px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:1656px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2129.43px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:2582.87px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:3255.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:3797.57px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:4592.12px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5370.79px;left:5530.67px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5562.79px;left:2137.91px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:779.21px;white-space:nowrap">2,670
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:2278.87px;white-space:nowrap">8/01/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5763.75px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,819,840
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:2278.87px;white-space:nowrap">8/01/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5964.71px;left:9708.22px;letter-spacing:0px;white-space:nowrap">3,137,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:779.21px;white-space:nowrap">2,400</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:1512px;white-space:nowrap">Southern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2219.03px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:2958.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3438.38px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:3923.01px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:4667.16px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:5238.35px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:5559.47px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6099.46px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:6232.26px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:2680.14px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3240.13px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6357.67px;left:3863px;white-space:nowrap">11/01/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6165.67px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,427,480
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6558.63px;left:9614.42px;letter-spacing:0px;white-space:nowrap">64,886,562
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:1902.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6759.59px;left:2657.11px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:1899.51px;white-space:nowrap">$295,082,115)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6951.59px;left:9521.62px;letter-spacing:0px;white-space:nowrap">293,970,541
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7152.55px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7152.55px;left:1928.47px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7152.55px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7344.55px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7344.55px;left:1923.35px;white-space:nowrap">$295,082,115)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7344.55px;left:9413.77px;letter-spacing:0px;white-space:nowrap">293,970,541
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:2705.26px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:3949.56px;white-space:nowrap">2.8%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7545.51px;left:9620.49px;letter-spacing:0px;white-space:nowrap">8,324,763
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:3447.65px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:4193.57px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7746.47px;left:9413.77px;letter-spacing:0px;white-space:nowrap">302,295,304</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:880.64px;letter-spacing:-0.24px;white-space:nowrap">percentages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:2795.65px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:3444.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:4546.34px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:7984.22px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8037.43px;left:9743.87px;letter-spacing:-0.8px;white-space:nowrap">noted.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:1332.79px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:1651.19px;letter-spacing:-0.88px;white-space:nowrap">Provisions:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:2467.66px;letter-spacing:-0.27px;white-space:nowrap">Dates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:3810.2px;letter-spacing:-0.16px;white-space:nowrap">year)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:5011.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:5476.25px;letter-spacing:-0.11px;white-space:nowrap">earliest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:7171.43px;letter-spacing:-0.64px;white-space:nowrap">redemption.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:8108.38px;letter-spacing:-0.96px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:9862.92px;letter-spacing:-0.26px;white-space:nowrap">provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8238.39px;left:10647.87px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:1703.02px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:1877.58px;letter-spacing:-0.27px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:2241.58px;letter-spacing:-0.91px;white-space:nowrap">dates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:2717.41px;letter-spacing:-0.48px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:3287px;letter-spacing:-0.3px;white-space:nowrap">mortgage-backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8430.39px;left:8033.66px;letter-spacing:-0.48px;white-space:nowrap">paydowns.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:0px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:648px;letter-spacing:-0.12px;white-space:nowrap">Step-up
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:1266.87px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:1869.91px;letter-spacing:-0.8px;white-space:nowrap">bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:2341.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:2466.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:2901.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:3244.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:3370.05px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:3973.09px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:4291.64px;letter-spacing:-0.38px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:5008.91px;white-space:nowrap">(&quot;steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:5547.62px;letter-spacing:-0.8px;white-space:nowrap">up&quot;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:5931.77px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:6472.89px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:6647.45px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:7211.12px;letter-spacing:-0.44px;white-space:nowrap">intervals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:7895.59px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:8320.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:8595.58px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:9030.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:9181.17px;letter-spacing:-0.37px;white-space:nowrap">outstanding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:10131.72px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8631.35px;left:10444.83px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:1162.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:1313.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:1588.94px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:2191.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:2388.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:2577.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:2852.77px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:3179.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:3367.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:3643.48px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8823.35px;left:4369.55px;letter-spacing:-0.69px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:0px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:1665.75px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:3592.44px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">sufficient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:4282.99px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:5755.77px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:7602.31px;letter-spacing:-0.4px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:8831.41px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9024.3px;left:10805.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9216.3px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9216.3px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9216.3px;left:1647.83px;letter-spacing:-0.85px;white-space:nowrap">interest.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:1641.42px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:2233.58px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:2614.53px;letter-spacing:-0.49px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:3961.55px;letter-spacing:-0.38px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:4320.27px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:4747.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:6237.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:6426.32px;letter-spacing:-0.8px;white-space:nowrap">1933,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:7070.79px;letter-spacing:-0.53px;white-space:nowrap">amended.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:7850.3px;letter-spacing:-0.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9497.26px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:1318.23px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:2231.98px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:2824.13px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:3205.09px;letter-spacing:-0.8px;white-space:nowrap">registration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4577.87px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:5967.61px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9689.26px;left:8791.09px;letter-spacing:-0.69px;white-space:nowrap">buyers.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9890.22px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9890.22px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9890.22px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9890.22px;left:2203.66px;letter-spacing:-5.12px;white-space:nowrap">Tax</div></div> </div>
<div style="height:11.57px;left:0px;position:absolute;top:0px;transform:translate(36.000px,739.125px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:120.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.18px;white-space:nowrap">Statements</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">50</div></div> </div>
<div style="height:78.16px;left:0px;position:absolute;top:0px;transform:translate(112.500px,27.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:454.86px">
<div style="width:9097.2px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:1501.35px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:3463.59px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:4658.55px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:-33.31px;left:6399.32px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;font-weight:bold;position:absolute;top:398.69px;left:0px;white-space:nowrap">Portfolio</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1168.95px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:1476.8px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3067.03px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:3991.64px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;font-weight:bold;position:absolute;top:831.75px;left:4398.75px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:240px;position:absolute;top:1162.95px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:76.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,27.368px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:76.50px">
<div style="width:1530px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.03px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:480px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-12.8px;white-space:nowrap">NXC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.98px;white-space:nowrap">Provisions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">LONG-TERM
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:2503.67px;letter-spacing:-0.17px;white-space:nowrap">INVESTMENTS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3676.46px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:3768.62px;white-space:nowrap">97.6%&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5014.37px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5213.72px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:464.96px;left:5630.2px;white-space:nowrap">Investments)&#160;&#160;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:92.08px;letter-spacing:-1.92px;white-space:nowrap">X</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:733.92px;left:405.42px;white-space:nowrap">84,456,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:1512px;letter-spacing:-1.34px;white-space:nowrap">MUNICIPAL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:2452.15px;white-space:nowrap">BONDS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:3079.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:3171.66px;white-space:nowrap">97.6%&#160;&#160;(100.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:4457.41px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:4656.77px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:733.92px;left:5073.25px;white-space:nowrap">Investments)</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:801.92px;left:9186.08px;letter-spacing:-1.92px;white-space:nowrap">X
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:801.92px;left:9614.42px;letter-spacing:0px;white-space:nowrap">84,456,117</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:1512px;letter-spacing:-0.21px;white-space:nowrap">Consumer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:2341.43px;letter-spacing:-0.08px;white-space:nowrap">Staples
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:2948.78px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3040.94px;white-space:nowrap">0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3481.42px;white-space:nowrap">(0.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:3976.61px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:4175.97px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1116.24px;left:4592.45px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:1006.4px;white-space:nowrap">20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:2251.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:2812.95px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:3471.66px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:4487.81px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:5110.69px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:5769.4px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:1656px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:2682.87px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3225.1px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:3509.74px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4150.21px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:4715.96px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1577.2px;left:5734.98px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:2697.9px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1769.2px;left:3320.77px;white-space:nowrap">6/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7078.26px;white-space:nowrap">6/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1385.2px;left:9934.41px;white-space:nowrap">18,143</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:779.21px;white-space:nowrap">1,265
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:1512px;white-space:nowrap">Golden
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:3509.57px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4051.81px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:4604.76px;letter-spacing:-0.34px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:5591.47px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2162.16px;left:6073.39px;letter-spacing:-0.53px;white-space:nowrap">2021B-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2354.16px;left:2278.87px;white-space:nowrap">6/01/66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7078.26px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7548.65px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:7723.21px;white-space:nowrap">27.75</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1970.16px;left:9841.61px;white-space:nowrap">125,792
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:1902.08px;letter-spacing:-0.21px;white-space:nowrap">Consumer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:2700.46px;letter-spacing:-0.14px;white-space:nowrap">Staples</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2555.12px;left:9841.61px;white-space:nowrap">143,935
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:2328.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:2663.03px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:3080.3px;letter-spacing:-0.25px;white-space:nowrap">Organizations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4211.65px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4303.81px;white-space:nowrap">0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:4744.28px;white-space:nowrap">(0.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5239.48px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5438.84px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2869.43px;left:5855.31px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:1006.4px;white-space:nowrap">60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3330.39px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3522.39px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3138.39px;left:9934.41px;white-space:nowrap">59,168
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:913.61px;white-space:nowrap">385</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:2251.03px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:2790.39px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:3397.43px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4141.58px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:4680.93px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5217.73px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:5890.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:1656px;white-space:nowrap">Alliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2278.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:2521.11px;letter-spacing:-0.34px;white-space:nowrap">College-Ready
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:3638.06px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:4118.38px;white-space:nowrap">Schools
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:4728.77px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:5305.56px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3915.35px;left:5787.47px;letter-spacing:-0.69px;white-space:nowrap">2016C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4107.35px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7078.26px;white-space:nowrap">7/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:7630.41px;white-space:nowrap">101.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3723.35px;left:9841.61px;white-space:nowrap">379,660
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:1902.08px;letter-spacing:-0.16px;white-space:nowrap">Education
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:2676.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:2997.27px;white-space:nowrap">Civic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:3390.54px;letter-spacing:-0.34px;white-space:nowrap">Organizations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4308.31px;left:9841.61px;white-space:nowrap">438,828
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:1512px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:2065.11px;letter-spacing:-0.64px;white-space:nowrap">Care
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:2459.99px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:2552.15px;white-space:nowrap">11.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:3095.99px;white-space:nowrap">(11.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:3694.54px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:3893.9px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4622.63px;left:4310.37px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4891.59px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5083.59px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:779.21px;white-space:nowrap">2,590
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:2278.87px;white-space:nowrap">11/15/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5284.55px;left:9708.22px;letter-spacing:0px;white-space:nowrap">2,648,974
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:6133.07px;white-space:nowrap">Adventist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:2171.19px;letter-spacing:-0.96px;white-space:nowrap">System/West,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:3191.18px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:3985.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:4467.64px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:5027.63px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5677.51px;left:5650.5px;white-space:nowrap">3/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:7078.26px;white-space:nowrap">3/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5485.51px;left:9841.61px;white-space:nowrap">937,460
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:779.21px;white-space:nowrap">1,240</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:6135.95px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:6459.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:1656px;white-space:nowrap">Hope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:2101.75px;letter-spacing:-0.18px;white-space:nowrap">National
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:2755.03px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:3375.98px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:3942.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:4424.61px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:4872.6px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6070.47px;left:5495.47px;white-space:nowrap">11/15/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:6985.46px;white-space:nowrap">11/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5878.47px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,133,348
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">CommonSpirit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:2760.47px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:3312.46px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:3794.37px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:4354.36px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6463.43px;left:4977.23px;white-space:nowrap">4/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6271.43px;left:9841.61px;white-space:nowrap">881,540
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:779.21px;white-space:nowrap">1,365</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Kaiser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:1656px;letter-spacing:-1.05px;white-space:nowrap">Permanente
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:2572.79px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:3170.54px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:3652.45px;letter-spacing:-0.53px;white-space:nowrap">2017A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:4356.44px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6856.39px;left:4979.31px;white-space:nowrap">11/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:6985.46px;white-space:nowrap">11/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6664.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,342,259
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:913.61px;white-space:nowrap">115</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:6135.95px;letter-spacing:-0.27px;white-space:nowrap">Lucile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:1656px;white-space:nowrap">Salter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:2111.83px;letter-spacing:-1.68px;white-space:nowrap">Packard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:2723.19px;letter-spacing:-0.26px;white-space:nowrap">Children&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:3505.74px;letter-spacing:-0.48px;white-space:nowrap">Hospital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:4184.29px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:4666.2px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:5226.19px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7249.35px;left:5849.06px;white-space:nowrap">8/15/43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7057.35px;left:9841.61px;white-space:nowrap">116,165
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7450.31px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7642.31px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7834.31px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:1006.4px;white-space:nowrap">70
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:2278.87px;white-space:nowrap">10/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8035.27px;left:9935.41px;letter-spacing:0px;white-space:nowrap">70,637
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:913.61px;white-space:nowrap">255</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:5593.72px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:2509.59px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:3024.78px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:3177.42px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:3854.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:4336.12px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:4885.87px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8428.23px;left:5508.74px;white-space:nowrap">10/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8236.23px;left:9841.61px;white-space:nowrap">255,844
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:913.61px;white-space:nowrap">450</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:5571.96px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:1656px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:2171.19px;letter-spacing:-0.84px;white-space:nowrap">System,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:2768.94px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:3250.86px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:3810.85px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:4433.71px;white-space:nowrap">2/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:5056.1px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:5144.42px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8821.19px;left:5559.94px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8629.19px;left:9841.61px;white-space:nowrap">409,639
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:1006.4px;white-space:nowrap">35</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:5571.96px;white-space:nowrap">Eisenhower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:1656px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:2276.95px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:2843.67px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:3638.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:4120.13px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:4680.12px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9214.15px;left:5302.99px;white-space:nowrap">7/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:7078.26px;white-space:nowrap">7/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9022.15px;left:9934.41px;white-space:nowrap">34,866
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:913.61px;white-space:nowrap">130</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:4357.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:5029.73px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:5571.96px;letter-spacing:-0.21px;white-space:nowrap">NorthBay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:1656px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:2482.87px;letter-spacing:-1.37px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:3029.43px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:3511.34px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:4071.33px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9607.11px;left:4694.2px;white-space:nowrap">11/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9415.11px;left:9841.61px;white-space:nowrap">123,309
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:913.61px;white-space:nowrap">150</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:3006.07px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:3755.66px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:4499.81px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:5355.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:5543.96px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:1656px;letter-spacing:-1.2px;white-space:nowrap">Palomar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:2287.03px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:2839.02px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:3320.94px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:3880.93px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:4503.8px;white-space:nowrap">11/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:5218.98px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:5307.3px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10000.07px;left:5722.82px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:6985.46px;white-space:nowrap">11/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9808.07px;left:9841.61px;white-space:nowrap">160,242
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:913.61px;white-space:nowrap">350</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10393.02px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2014A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10585.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10585.02px;left:2278.87px;white-space:nowrap">12/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:6985.46px;white-space:nowrap">12/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10201.02px;left:9841.61px;white-space:nowrap">353,104
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:779.21px;white-space:nowrap">1,365</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:3009.9px;letter-spacing:-0.16px;white-space:nowrap">Communities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:4022.69px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:5058.2px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:5802.35px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:2870.7px;letter-spacing:-0.58px;white-space:nowrap">Loma
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:3313.9px;white-space:nowrap">Linda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:3755.82px;white-space:nowrap">University
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:4509.41px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:5130.36px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:5697.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10977.98px;left:6178.98px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11169.98px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11169.98px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11169.98px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10785.98px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,335,393
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:1006.4px;white-space:nowrap">70</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:2251.03px;letter-spacing:-0.26px;white-space:nowrap">Statewide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:3009.9px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:3898.21px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:4933.72px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:5677.87px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:6193.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:2198.23px;white-space:nowrap">Enloe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:2655.51px;white-space:nowrap">Medical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:3276.46px;letter-spacing:-1.8px;white-space:nowrap">Center,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:3843.17px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:4637.73px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:5119.64px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:5679.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11562.94px;left:6302.5px;white-space:nowrap">8/15/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11754.94px;left:1656px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11754.94px;left:1744.32px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11754.94px;left:2159.84px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:7078.26px;white-space:nowrap">8/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11370.94px;left:9934.41px;white-space:nowrap">74,960
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11955.9px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11955.9px;left:1902.08px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11955.9px;left:2417.27px;letter-spacing:-1.44px;white-space:nowrap">Care</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11955.9px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,877,740
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">51</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:3154.7px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:3246.85px;white-space:nowrap">8.6%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:3687.33px;white-space:nowrap">(8.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:4182.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:4381.88px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:4798.36px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">615
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2870.7px;letter-spacing:-0.7px;white-space:nowrap">Creekwood,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3798.85px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4280.76px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4840.75px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5463.62px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6122.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">383,865</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:913.61px;white-space:nowrap">590
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2870.7px;white-space:nowrap">Glendale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3579.34px;letter-spacing:-1.44px;white-space:nowrap">Properties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4393.89px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4893.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5375.79px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6079.78px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">8/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1240.24px;left:9841.61px;white-space:nowrap">460,177
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:913.61px;white-space:nowrap">800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2870.7px;letter-spacing:-0.32px;white-space:nowrap">Serenity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3500.46px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3675.01px;letter-spacing:-0.11px;white-space:nowrap">Larkspur
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4340.6px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5270.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5752.26px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6312.25px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/50,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7078.26px;white-space:nowrap">2/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1825.2px;left:9841.61px;white-space:nowrap">630,936
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:913.61px;white-space:nowrap">200</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:2251.03px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3139.34px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:3787.18px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:4413.89px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5189.72px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:5867.47px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:2870.7px;letter-spacing:-0.09px;white-space:nowrap">Stoneridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:3722.21px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:4651.96px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5133.87px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:5693.86px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7078.26px;white-space:nowrap">2/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2410.16px;left:9841.61px;white-space:nowrap">145,822
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:913.61px;white-space:nowrap">612</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2019-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3922.04px;white-space:nowrap">3/20/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2995.12px;left:9841.61px;white-space:nowrap">590,473
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:913.61px;white-space:nowrap">521</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2225.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2707.19px;letter-spacing:-0.6px;white-space:nowrap">2021-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3299.17px;letter-spacing:-0.6px;white-space:nowrap">3.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3922.04px;white-space:nowrap">11/20/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3388.07px;left:9841.61px;white-space:nowrap">479,005
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:1006.4px;white-space:nowrap">89</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2225.27px;letter-spacing:-0.34px;white-space:nowrap">Series2019-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:3259.17px;letter-spacing:-0.6px;white-space:nowrap">4.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:3882.04px;white-space:nowrap">1/15/35
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3781.03px;left:9934.41px;white-space:nowrap">87,051
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:913.61px;white-space:nowrap">514</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2251.03px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:2901.74px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:3508.78px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4135.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:4890.53px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:5674.84px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:6347.31px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:1656px;white-space:nowrap">Class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2076.15px;letter-spacing:-1.44px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2225.27px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:2699.03px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:3554.38px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:4036.29px;letter-spacing:-0.6px;white-space:nowrap">2023-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:4628.28px;letter-spacing:-0.6px;white-space:nowrap">4.375%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4365.99px;left:5251.15px;white-space:nowrap">9/20/36
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4173.99px;left:9841.61px;white-space:nowrap">500,084
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4357.25px;white-space:nowrap">Mobile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:4910.53px;white-space:nowrap">Home
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4566.95px;left:5395.96px;letter-spacing:-1.92px;white-space:nowrap">Park
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:2870.7px;letter-spacing:-0.36px;white-space:nowrap">Caritas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:3410.38px;letter-spacing:-0.52px;white-space:nowrap">Affordable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4227.49px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:4878.2px;white-space:nowrap">Inc
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4758.95px;left:5132.76px;letter-spacing:-1.54px;white-space:nowrap">Projects,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2166.07px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4950.95px;left:2647.98px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1006.4px;white-space:nowrap">25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:2278.87px;white-space:nowrap">8/15/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5151.91px;left:9935.41px;letter-spacing:0px;white-space:nowrap">25,177
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:1006.4px;white-space:nowrap">65</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:2278.87px;white-space:nowrap">8/15/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5352.87px;left:9935.41px;letter-spacing:0px;white-space:nowrap">65,350
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:913.61px;white-space:nowrap">660</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3175.51px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3771.19px;letter-spacing:-1.6px;white-space:nowrap">I,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:3889.59px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:4665.42px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5343.17px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:5993.88px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:2194.39px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:2507.51px;white-space:nowrap">Mix
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:2806.71px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:2981.27px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:3518.86px;letter-spacing:-1.76px;white-space:nowrap">City,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:3873.89px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:4355.8px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:5059.79px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:5682.66px;letter-spacing:-0.53px;white-space:nowrap">4/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5745.83px;left:6341.84px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:7078.26px;white-space:nowrap">4/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5553.83px;left:9841.61px;white-space:nowrap">466,277
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:913.61px;white-space:nowrap">225</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1512px;letter-spacing:-2.3px;white-space:nowrap">CMFA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:1999.36px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:2568.47px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3175.51px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:3802.23px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:4578.06px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5255.81px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:5906.52px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2198.23px;white-space:nowrap">Enclave
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:2798.39px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:3728.13px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4238.21px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:4720.12px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:5424.11px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6138.79px;left:6046.97px;letter-spacing:-0.53px;white-space:nowrap">8/01/58,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6330.79px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7078.26px;white-space:nowrap">2/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5946.79px;left:9841.61px;white-space:nowrap">165,978
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:913.61px;white-space:nowrap">320</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:2870.7px;white-space:nowrap">777
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:3189.1px;letter-spacing:-1.17px;white-space:nowrap">Place-Pomona,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:4303.65px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:4813.72px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:5159.8px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6723.75px;left:5641.71px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6915.75px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6915.75px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6915.75px;left:2938.06px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6531.75px;left:9841.61px;white-space:nowrap">217,494
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:913.61px;white-space:nowrap">425</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:2867.83px;white-space:nowrap">Acacia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:3390.7px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:3621.42px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:4066.22px;letter-spacing:-0.38px;white-space:nowrap">Rosa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:4454.37px;letter-spacing:-1.1px;white-space:nowrap">Creek,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:4965.73px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:5475.8px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:5821.88px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7308.71px;left:6303.79px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7500.71px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7500.71px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7500.71px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7116.71px;left:9841.61px;white-space:nowrap">347,161
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:913.61px;white-space:nowrap">560</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:2867.83px;white-space:nowrap">Altana
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:3374.7px;letter-spacing:-0.48px;white-space:nowrap">Glendale,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:4120.13px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:4602.04px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:5306.03px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7893.67px;left:5928.9px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8085.67px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7701.67px;left:9841.61px;white-space:nowrap">411,118
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:913.61px;white-space:nowrap">650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Center
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:3408.29px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:3729.41px;letter-spacing:-0.53px;white-space:nowrap">Anaheim,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:4462.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:4944.6px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:5504.59px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8478.63px;left:6127.46px;letter-spacing:-0.53px;white-space:nowrap">1/01/54,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8670.63px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:7078.26px;white-space:nowrap">1/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8286.63px;left:9841.61px;white-space:nowrap">507,371
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:913.61px;white-space:nowrap">540</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:2870.7px;white-space:nowrap">Moda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:3337.58px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:3512.14px;letter-spacing:-0.32px;white-space:nowrap">Monrovia
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:4240.61px;letter-spacing:-0.82px;white-space:nowrap">Station,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:4822.68px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:5296.44px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9063.59px;left:5778.35px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9255.59px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9255.59px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9255.59px;left:3030.85px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:6985.46px;white-space:nowrap">10/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8871.59px;left:9841.61px;white-space:nowrap">384,264
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:913.61px;white-space:nowrap">265</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:2870.7px;letter-spacing:-0.29px;white-space:nowrap">Monterrey
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:3667.33px;letter-spacing:-0.32px;white-space:nowrap">Station
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:4209.73px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:5139.47px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:5649.54px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9648.55px;left:5995.62px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9840.55px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9840.55px;left:2359.99px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9840.55px;left:2982.86px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9840.55px;left:3642.04px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:7078.26px;white-space:nowrap">7/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9456.55px;left:9841.61px;white-space:nowrap">172,173
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:913.61px;white-space:nowrap">115</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:2870.7px;letter-spacing:-0.45px;white-space:nowrap">Oceanaire-Long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:4089.09px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:4616.93px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:5090.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:5572.6px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10233.51px;left:6276.58px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10425.51px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">9/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10425.51px;left:2315.19px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:7078.26px;white-space:nowrap">9/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10041.51px;left:9934.41px;white-space:nowrap">83,144
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:913.61px;white-space:nowrap">250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:2870.7px;letter-spacing:-0.68px;white-space:nowrap">Parallel-Anaheim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:4140.61px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:4622.52px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:5182.51px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:5805.38px;letter-spacing:-0.53px;white-space:nowrap">8/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10818.47px;left:6464.57px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:7078.26px;white-space:nowrap">8/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10626.47px;left:9841.61px;white-space:nowrap">184,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:1006.4px;white-space:nowrap">50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:5201.08px;white-space:nowrap">Mezzanine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11211.43px;left:6018.67px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11403.43px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11403.43px;left:2137.91px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11403.43px;left:2687.66px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11403.43px;left:3310.53px;letter-spacing:-0.48px;white-space:nowrap">12/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11403.43px;left:4062.51px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11019.43px;left:9934.41px;white-space:nowrap">35,011
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:913.61px;white-space:nowrap">100</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:2870.7px;letter-spacing:-1.07px;white-space:nowrap">Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:3607.66px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:4256.13px;white-space:nowrap">Social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:4729.88px;letter-spacing:-0.8px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:5201.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11796.39px;left:5682.99px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11988.39px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11988.39px;left:2278.87px;white-space:nowrap">12/01/56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11604.39px;left:9934.41px;white-space:nowrap">65,832
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:913.61px;white-space:nowrap">185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:2870.7px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:3347.98px;white-space:nowrap">South
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:3812.93px;letter-spacing:-2.11px;white-space:nowrap">Bay,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:4149.25px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:4631.16px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:5335.15px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12381.35px;left:5958.02px;letter-spacing:-0.53px;white-space:nowrap">7/01/56,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12573.35px;left:1656px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12189.35px;left:9841.61px;white-space:nowrap">132,793
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3623.32px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4977.25px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6137.58px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7501.35px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">52</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NXC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;white-space:nowrap">Housing/Multifamily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3194.7px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">112,483</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:913.61px;white-space:nowrap">585
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2868.79px;letter-spacing:-0.82px;white-space:nowrap">Westgate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3599.01px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4073.08px;letter-spacing:-0.87px;white-space:nowrap">1-Pasadena
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4951.15px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5880.9px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:6390.97px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2021A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">3.125%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:3464.77px;letter-spacing:-0.53px;white-space:nowrap">6/01/57,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:4123.95px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9841.61px;white-space:nowrap">367,152
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:913.61px;white-space:nowrap">600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;letter-spacing:-1.12px;white-space:nowrap">CSCDA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2099.04px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2987.35px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4007.5px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4751.64px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5527.48px;white-space:nowrap">Essential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6205.23px;white-space:nowrap">Housing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2868.79px;letter-spacing:-1.15px;white-space:nowrap">Wood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3355.98px;letter-spacing:-0.48px;white-space:nowrap">Creek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3827.66px;letter-spacing:-0.56px;white-space:nowrap">Apartments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4757.4px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5267.47px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5613.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6095.46px;letter-spacing:-0.53px;white-space:nowrap">2021A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">3.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2278.87px;white-space:nowrap">12/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">6/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9841.61px;white-space:nowrap">391,068
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:1902.08px;white-space:nowrap">Housing/Multifamily</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2602.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">7,411,774
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:1815.2px;letter-spacing:-0.18px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:3370.38px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:3462.54px;white-space:nowrap">20.0%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:4006.37px;white-space:nowrap">(20.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:4604.93px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:4804.29px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2916.48px;left:5220.76px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:913.61px;white-space:nowrap">620</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:1512px;letter-spacing:-0.16px;white-space:nowrap">Butte-Glenn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:2431.35px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:3319.66px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:3935.49px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4523.48px;letter-spacing:-0.32px;white-space:nowrap">Butte
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:4949.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:5269.55px;white-space:nowrap">Glenn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:5751.94px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:5048.76px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3377.43px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3569.43px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3569.43px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3185.43px;left:9841.61px;white-space:nowrap">650,926
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:2251.03px;letter-spacing:-1.05px;white-space:nowrap">State,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:2693.91px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:3315.98px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:4140.61px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:4679.96px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:5257.72px;letter-spacing:-0.96px;white-space:nowrap">Purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:5895.31px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:2137.91px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:2585.9px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3962.39px;left:3208.77px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3770.39px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,032,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:1512px;letter-spacing:-0.36px;white-space:nowrap">Chaffey
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:2105.12px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:2505.27px;white-space:nowrap">Union
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:2982.54px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:3371.82px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:3911.17px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:4499.16px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:4807.8px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:5664.43px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:4420.77px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:5048.76px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4355.35px;left:5941.86px;letter-spacing:-0.69px;white-space:nowrap">2017C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4547.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4547.35px;left:2278.87px;white-space:nowrap">8/01/47
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:7078.26px;white-space:nowrap">2/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4163.35px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,043,770
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:1512px;white-space:nowrap">Marin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:1969.75px;letter-spacing:-0.35px;white-space:nowrap">Healthcare
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:2796.62px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3384.61px;white-space:nowrap">Marin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3842.37px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:4439.16px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:5214.99px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:5837.06px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2198.23px;white-space:nowrap">2013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2609.42px;letter-spacing:-0.48px;white-space:nowrap">Election,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:3274.22px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:3756.13px;letter-spacing:-0.69px;white-space:nowrap">2015A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:4316.12px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:4938.99px;white-space:nowrap">8/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7078.26px;white-space:nowrap">8/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:9841.61px;white-space:nowrap">958,530
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:779.21px;white-space:nowrap">2,790</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:1512px;letter-spacing:-0.2px;white-space:nowrap">Natomas
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:2204.31px;text-rendering:optimizeLegibility;white-space:nowrap">Unified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:2771.35px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:3310.7px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:3898.69px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:4809.72px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:5406.51px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:6182.34px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3839.65px;letter-spacing:-0.8px;white-space:nowrap">2018,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4287.64px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4769.55px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:5329.54px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:5952.41px;white-space:nowrap">8/01/49
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:6574.8px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5525.27px;left:1656px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5525.27px;left:2071.52px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7078.26px;white-space:nowrap">8/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,645,087
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:779.21px;white-space:nowrap">7,575</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:1512px;letter-spacing:-1.2px;white-space:nowrap">Palomar
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:2143.03px;letter-spacing:-1.49px;white-space:nowrap">Pomerado
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:2935.66px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:3487.66px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:4263.49px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:4885.56px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:5710.19px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">Convertible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:2549.75px;letter-spacing:-0.36px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:3102.7px;letter-spacing:-0.66px;white-space:nowrap">Appreciation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:4126.21px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:4754.21px;white-space:nowrap">2004
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:5165.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:5647.31px;letter-spacing:-0.69px;white-space:nowrap">2010A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5918.23px;left:6207.3px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6110.23px;left:1656px;white-space:nowrap">8/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5726.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">4,863,604
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:1006.4px;white-space:nowrap">65</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:2025.75px;letter-spacing:-1.12px;white-space:nowrap">Rico,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:2414.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:3036.3px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:3860.94px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:4403.17px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:5372.75px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:5854.66px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6503.19px;left:2278.87px;white-space:nowrap">7/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6311.19px;left:9934.41px;white-space:nowrap">56,209
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:1820.64px;white-space:nowrap">Benito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:2335.35px;white-space:nowrap">High
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:2724.62px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:3263.98px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:3851.97px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:4160.61px;white-space:nowrap">Benito
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:4675.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:4995.64px;white-space:nowrap">Santa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:5440.43px;letter-spacing:-0.32px;white-space:nowrap">Clara
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:5862.51px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:2431.83px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:3053.91px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:3878.54px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:4420.77px;white-space:nowrap">2016
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:4831.96px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:5459.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6896.15px;left:5941.86px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7088.15px;left:2278.87px;white-space:nowrap">8/01/46
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:7078.26px;white-space:nowrap">8/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6704.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,050,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:779.21px;white-space:nowrap">8,075</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:1820.64px;letter-spacing:-0.26px;white-space:nowrap">Bernardino
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:2677.27px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:3565.58px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:4181.41px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:4769.4px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:5545.23px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:1656px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:2480.63px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:3022.86px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:3650.86px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:3839.65px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:4250.84px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:4732.76px;letter-spacing:-0.69px;white-space:nowrap">2009B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:5282.5px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7481.11px;left:5905.37px;white-space:nowrap">8/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7289.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,944,145
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:1512px;letter-spacing:-1.15px;white-space:nowrap">West
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:1915.03px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:2261.59px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:3149.9px;letter-spacing:-0.24px;white-space:nowrap">College
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:3765.73px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:4353.72px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:5129.55px;letter-spacing:-0.24px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:5751.62px;letter-spacing:-0.15px;white-space:nowrap">Obligation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:2198.23px;white-space:nowrap">School
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:2737.59px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:3398.86px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:4421.89px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:4973.08px;letter-spacing:-1.6px;white-space:nowrap">3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:5142.67px;white-space:nowrap">2008
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:5553.87px;white-space:nowrap">Election
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7874.07px;left:6181.86px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">0.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:2726.86px;white-space:nowrap">8/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:3349.25px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:3437.57px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:3853.08px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8066.07px;left:4479.8px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7078.26px;white-space:nowrap">8/31
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,062,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:2176.96px;letter-spacing:-0.2px;white-space:nowrap">Obligation/General</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8267.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">17,307,401
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:1815.2px;letter-spacing:-0.07px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:3345.9px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:3438.05px;white-space:nowrap">13.4%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:3981.89px;white-space:nowrap">(13.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:4580.44px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:4779.8px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8581.35px;left:5196.28px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:1512px;white-space:nowrap">Bell
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:1825.92px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:2714.23px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:3915.97px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:4542.69px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:5314.68px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:5590.52px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:6366.2px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:1656px;white-space:nowrap">Bell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:1969.92px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:2507.03px;letter-spacing:-1.44px;white-space:nowrap">Area,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:2926.55px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:3408.46px;letter-spacing:-0.8px;white-space:nowrap">2003,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:3856.45px;letter-spacing:-0.6px;white-space:nowrap">5.625%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:4479.32px;white-space:nowrap">10/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:5194.5px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:5285.7px;white-space:nowrap">RAAI
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9042.31px;left:5687.14px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8850.31px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,002,940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:2251.03px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:2657.11px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:3135.51px;letter-spacing:-1.12px;white-space:nowrap">Works
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:3632.3px;letter-spacing:-1.1px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:4150.69px;letter-spacing:-0.64px;white-space:nowrap">Lease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:4607.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:5280.44px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:5822.67px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:1656px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:1844.8px;letter-spacing:-0.4px;white-space:nowrap">Corrections
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:2732.14px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:2884.78px;letter-spacing:-0.52px;white-space:nowrap">Rehabilitation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:3961.09px;letter-spacing:-0.84px;white-space:nowrap">Various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:4538.84px;letter-spacing:-0.37px;white-space:nowrap">Correctional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:5480.91px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9435.27px;left:6142.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9627.27px;left:1656px;letter-spacing:-3.15px;white-space:nowrap">2013F,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9627.27px;left:2176.63px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9627.27px;left:2799.5px;white-space:nowrap">9/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9243.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,003,060
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:1006.4px;white-space:nowrap">15</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:5918.83px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:1656px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:2482.71px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:3509.57px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:4182.05px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:4724.28px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:5206.19px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10020.23px;left:5910.18px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10212.23px;left:1656px;white-space:nowrap">6/01/51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:6985.46px;white-space:nowrap">12/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9828.23px;left:9934.41px;white-space:nowrap">15,584
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:2323.99px;white-space:nowrap">R
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:2459.83px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:2874.55px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:3153.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:3825.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:4367.97px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:4878.04px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:5359.96px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10605.19px;left:5919.95px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10797.19px;left:1656px;white-space:nowrap">6/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7078.26px;white-space:nowrap">6/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10413.19px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,041,570
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:2437.11px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:3002.86px;letter-spacing:-0.22px;white-space:nowrap">Metropolitan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:3984.29px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:5074.36px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:5818.5px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:1656px;letter-spacing:-0.88px;white-space:nowrap">Proposition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:2525.43px;white-space:nowrap">C
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:2680.63px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:3095.34px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:3374.06px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:4046.53px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:4588.77px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5084.12px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5594.19px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11190.15px;left:5940.27px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11382.15px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2019A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11382.15px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11382.15px;left:2838.86px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10998.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,187,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:1512px;letter-spacing:-0.48px;white-space:nowrap">Norco
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:2004.48px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:3206.22px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:3832.94px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:4604.93px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:4880.77px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:5656.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:6198.68px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:1656px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:2038.72px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:2208.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:2690.23px;letter-spacing:-0.8px;white-space:nowrap">2009,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:3138.22px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11775.11px;left:3761.09px;white-space:nowrap">3/01/34
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11583.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,003,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:779.21px;white-space:nowrap">1,118</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:5484.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:6156.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12168.07px;left:1656px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12168.07px;left:2625.58px;letter-spacing:-0.53px;white-space:nowrap">2018A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12168.07px;left:3329.57px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12168.07px;left:3952.44px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11976.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,084,907
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:913.61px;white-space:nowrap">550</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:2379.35px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:2794.07px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:3072.79px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:3825.26px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:4791.01px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:5205.73px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:5484.44px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:6156.92px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Taxable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:2253.92px;letter-spacing:-0.37px;white-space:nowrap">Restructured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:3223.5px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Cofina
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:3739.97px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:4279.97px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:4761.88px;letter-spacing:-0.53px;white-space:nowrap">2019A-2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:5465.87px;letter-spacing:-0.6px;white-space:nowrap">4.784%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12561.02px;left:6088.73px;white-space:nowrap">7/01/58
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12369.02px;left:9841.61px;white-space:nowrap">515,565
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">53</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1815.2px;letter-spacing:-0.08px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3385.9px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:913.61px;white-space:nowrap">180</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">River
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1915.03px;white-space:nowrap">Islands
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2459.35px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2939.66px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3689.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4433.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5209.24px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5774.52px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:6053.24px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2544.31px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3205.58px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3756.77px;white-space:nowrap">2003-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4311.96px;letter-spacing:-0.24px;white-space:nowrap">Improvement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5332.11px;letter-spacing:-0.77px;white-space:nowrap">Area
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5714.83px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:5884.43px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2137.91px;letter-spacing:-0.53px;white-space:nowrap">2022A-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2841.9px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3464.77px;white-space:nowrap">9/01/52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:4087.15px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:4175.48px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:4590.99px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7078.26px;white-space:nowrap">9/29
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9195.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:9841.61px;white-space:nowrap">194,749</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1006.4px;white-space:nowrap">20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1512px;white-space:nowrap">San
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1820.64px;letter-spacing:-0.48px;white-space:nowrap">Clemente,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2612.47px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3388.3px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3953.58px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4232.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:4904.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:5447px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:1656px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2317.27px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:2868.46px;white-space:nowrap">2006-1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:3423.65px;letter-spacing:-0.09px;white-space:nowrap">Marblehead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4353.4px;letter-spacing:-0.75px;white-space:nowrap">Coastal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:4974.19px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5456.1px;letter-spacing:-0.8px;white-space:nowrap">2015,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1624.24px;left:5904.09px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1816.24px;left:1656px;white-space:nowrap">9/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9934.41px;white-space:nowrap">20,231
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1006.4px;white-space:nowrap">60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:1820.64px;letter-spacing:-0.86px;white-space:nowrap">Francisco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2546.71px;white-space:nowrap">City
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:2870.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3191.02px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:3756.78px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:4958.52px;white-space:nowrap">Agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:5554.2px;white-space:nowrap">Successor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:6323.47px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2431.83px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:2997.11px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3275.83px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:3818.06px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:4706.37px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5367.65px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:5918.83px;letter-spacing:-1.6px;white-space:nowrap">7,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2209.2px;left:6088.43px;white-space:nowrap">Hunters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:1656px;letter-spacing:-1.92px;white-space:nowrap">Point
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2058.71px;letter-spacing:-0.32px;white-space:nowrap">Shipyard
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:2743.99px;white-space:nowrap">Phase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:3218.06px;white-space:nowrap">One
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:3578.54px;letter-spacing:-0.55px;white-space:nowrap">Improvements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:4709.4px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:5503.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2401.2px;left:5985.87px;letter-spacing:-0.8px;white-space:nowrap">2014,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2593.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2593.2px;left:2278.87px;white-space:nowrap">8/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7078.26px;white-space:nowrap">8/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2017.2px;left:9934.41px;white-space:nowrap">60,250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1006.4px;white-space:nowrap">20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:1512px;white-space:nowrap">Signal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2002.08px;white-space:nowrap">Hill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:2277.59px;letter-spacing:-0.14px;white-space:nowrap">Redevelopment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:3479.34px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4106.06px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:4881.89px;letter-spacing:-1.32px;white-space:nowrap">Project
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5421.88px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5550.84px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:5826.68px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2198.23px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:2680.14px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:3128.13px;letter-spacing:-0.6px;white-space:nowrap">7.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2986.16px;left:3751px;white-space:nowrap">10/01/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:6985.46px;white-space:nowrap">10/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2794.16px;left:9934.41px;white-space:nowrap">20,045
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:779.21px;white-space:nowrap">1,285</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:1512px;letter-spacing:-0.11px;white-space:nowrap">Stockton
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2192.6px;letter-spacing:-1.1px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:2672.72px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:3422.13px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4166.08px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:4941.72px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:5614px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6153.16px;letter-spacing:-0.58px;white-space:nowrap">Arch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:6532.96px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1656px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:1997.91px;letter-spacing:-0.19px;white-space:nowrap">Community
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:2886.22px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3423.02px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:3974.21px;letter-spacing:-0.69px;white-space:nowrap">99-02,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4473.4px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:4955.31px;letter-spacing:-0.69px;white-space:nowrap">2018A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:5515.3px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3379.12px;left:6138.17px;white-space:nowrap">9/01/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7078.26px;white-space:nowrap">9/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:7630.41px;white-space:nowrap">103.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3187.12px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,351,782
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1006.4px;white-space:nowrap">60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:1512px;letter-spacing:-1.81px;white-space:nowrap">Transbay
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2197.43px;white-space:nowrap">Joint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:2597.59px;letter-spacing:-1.65px;white-space:nowrap">Powers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3153.26px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:3897.41px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4669.4px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:4945.24px;letter-spacing:-0.15px;white-space:nowrap">Allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:5720.91px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:6263.15px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:1656px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2151.35px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:2633.27px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3193.26px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3772.07px;left:3816.12px;white-space:nowrap">10/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7078.26px;white-space:nowrap">4/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3580.07px;left:9934.41px;white-space:nowrap">60,614
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:1898.24px;letter-spacing:-3.84px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:2176.96px;letter-spacing:-0.09px;white-space:nowrap">Obligation/Limited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3973.03px;left:9614.42px;letter-spacing:0px;white-space:nowrap">11,561,497
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:1512px;letter-spacing:-1.08px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:2678.71px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:2770.87px;white-space:nowrap">11.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:3314.7px;white-space:nowrap">(12.1%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:3913.26px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:4112.62px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4287.35px;left:4529.09px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:1006.4px;white-space:nowrap">60</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:2251.03px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:3006.07px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:3613.11px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:4357.25px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:4926.37px;letter-spacing:-0.85px;white-space:nowrap">Facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:5463.17px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:6135.64px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:1656px;white-space:nowrap">United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:2183.83px;letter-spacing:-0.48px;white-space:nowrap">Airlines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:2806.07px;letter-spacing:-0.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3097.42px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:3382.06px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:4022.53px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:4978.04px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:5533.39px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4748.31px;left:6110.18px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:1656px;letter-spacing:-0.8px;white-space:nowrap">2019,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2103.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:2726.86px;letter-spacing:-0.53px;white-space:nowrap">7/15/29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4940.31px;left:3386.05px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4556.31px;left:9934.41px;white-space:nowrap">59,257
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5141.27px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5333.27px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:779.21px;white-space:nowrap">1,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2278.87px;white-space:nowrap">1/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2901.26px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:2989.58px;letter-spacing:-0.72px;white-space:nowrap">AGM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:3405.09px;letter-spacing:-0.36px;white-space:nowrap">Insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5534.23px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,002,880
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:913.61px;white-space:nowrap">800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:1922.56px;letter-spacing:-0.82px;white-space:nowrap">Beach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:2450.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:3226.22px;white-space:nowrap">Harbor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:3781.41px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4453.89px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:4996.12px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:5478.03px;letter-spacing:-1.78px;white-space:nowrap">2015D,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:6039.46px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5927.19px;left:1656px;white-space:nowrap">5/15/42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7078.26px;white-space:nowrap">5/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5735.19px;left:9841.61px;white-space:nowrap">816,688
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:779.21px;white-space:nowrap">1,860</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:3844.13px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:4638.68px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:4791.32px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:5729.87px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6320.15px;left:6211.78px;letter-spacing:-0.69px;white-space:nowrap">2022C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">5/15/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6512.15px;left:2938.06px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6128.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,794,435
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:779.21px;white-space:nowrap">1,525</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:3545.57px;letter-spacing:-0.67px;white-space:nowrap">Airports,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:4208.76px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:4984.6px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:5657.07px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:6199.3px;letter-spacing:-0.72px;white-space:nowrap">Los
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:1656px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:2296.47px;letter-spacing:-0.11px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:3251.98px;letter-spacing:-0.75px;white-space:nowrap">Airport,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:3844.13px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:4782.68px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:5128.76px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:5610.67px;letter-spacing:-0.69px;white-space:nowrap">2022A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6905.11px;left:6170.66px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7097.11px;left:1656px;letter-spacing:-0.53px;white-space:nowrap">5/15/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7097.11px;left:2315.19px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7078.26px;white-space:nowrap">5/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6713.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,584,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:779.21px;white-space:nowrap">3,250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:1512px;white-space:nowrap">Riverside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2219.51px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:2781.42px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:3874.37px;letter-spacing:-0.56px;white-space:nowrap">Commission,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:4857.56px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:5629.55px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:5923.79px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:1656px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:2166.07px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:2512.15px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:3054.38px;letter-spacing:-1.15px;white-space:nowrap">RCTC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:3506.06px;white-space:nowrap">91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:3731.65px;letter-spacing:-0.36px;white-space:nowrap">Express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:4333.72px;letter-spacing:-0.69px;white-space:nowrap">Lanes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:4833.08px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:5627.63px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7490.07px;left:6109.54px;letter-spacing:-0.53px;white-space:nowrap">2021B-1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7682.07px;left:2278.87px;white-space:nowrap">6/01/39
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:7078.26px;white-space:nowrap">6/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7298.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,128,352
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:1820.64px;white-space:nowrap">Diego
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:2312.15px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:2877.9px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:3558.06px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:4110.53px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:4854.68px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:5627.63px;letter-spacing:-0.24px;white-space:nowrap">Airport
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:6182.99px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:2198.23px;letter-spacing:-0.37px;white-space:nowrap">Subordinate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:3136.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:3618.69px;letter-spacing:-0.69px;white-space:nowrap">2021B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:4168.44px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:4791.31px;letter-spacing:-0.53px;white-space:nowrap">7/01/51,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8075.03px;left:5450.5px;white-space:nowrap">(AMT)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:7078.26px;white-space:nowrap">7/31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7883.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,019,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:1006.4px;white-space:nowrap">90</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:2431.83px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:3226.39px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:3736.46px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:4078.7px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:4372.94px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:4791.97px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:5464.45px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8467.99px;left:6006.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2021A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8659.99px;left:2838.86px;white-space:nowrap">1/15/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:7078.26px;white-space:nowrap">1/32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8275.99px;left:9934.41px;white-space:nowrap">83,594
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:913.61px;white-space:nowrap">750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:1512px;white-space:nowrap">San
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:1818.72px;white-space:nowrap">Joaquin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:2448.15px;white-space:nowrap">Hills
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:2790.87px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:3883.81px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:4544.44px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:5171.16px;letter-spacing:-0.27px;white-space:nowrap">Orange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:5773.87px;letter-spacing:-1.56px;white-space:nowrap">County,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:2427.99px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:2722.23px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:3141.27px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:3813.74px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:4355.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:5148.61px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:5648.6px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9052.95px;left:5994.68px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2014B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2205.75px;letter-spacing:-0.6px;white-space:nowrap">5.250%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9244.95px;left:2828.62px;white-space:nowrap">1/15/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:7078.26px;white-space:nowrap">1/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8860.95px;left:9841.61px;white-space:nowrap">758,850
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:1898.24px;letter-spacing:-1.42px;white-space:nowrap">Transportation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9445.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">10,247,276
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:1852px;letter-spacing:-0.17px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:2809.27px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:2901.43px;white-space:nowrap">10.5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:3445.26px;white-space:nowrap">(10.8%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:4043.82px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:4243.17px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:4659.65px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9760.23px;left:5701.71px;white-space:nowrap">(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10029.19px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:2870.7px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:3342.54px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:3894.53px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:4689.08px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10221.19px;left:5170.99px;white-space:nowrap">2016B:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:913.61px;white-space:nowrap">410
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:4076.12px;white-space:nowrap">11/15/26)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:6985.46px;white-space:nowrap">11/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10422.15px;left:9842.61px;letter-spacing:0px;white-space:nowrap">436,142
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:779.21px;white-space:nowrap">2,500</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:4921.25px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:5697.08px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:6369.55px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:1656px;letter-spacing:-0.27px;white-space:nowrap">Sutter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:2127.83px;letter-spacing:-0.72px;white-space:nowrap">Health,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:2679.82px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:3161.73px;letter-spacing:-0.69px;white-space:nowrap">2016A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:3721.73px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:4344.59px;letter-spacing:-0.48px;white-space:nowrap">11/15/41,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:5096.58px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10815.11px;left:6141.84px;white-space:nowrap">11/15/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:6985.46px;white-space:nowrap">11/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10623.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,609,925
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:2251.03px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:2766.23px;letter-spacing:-0.7px;white-space:nowrap">Facilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:3427.5px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:4177.1px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11016.07px;left:4921.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:2198.23px;letter-spacing:-0.96px;white-space:nowrap">Providence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:3051.82px;letter-spacing:-0.14px;white-space:nowrap">Health
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:3567.02px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:3719.65px;letter-spacing:-0.48px;white-space:nowrap">Services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:4396.44px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11208.07px;left:5191px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11400.07px;left:1656px;white-space:nowrap">2014A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:1006.4px;white-space:nowrap">55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">10/01/38,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:3030.85px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:4076.12px;white-space:nowrap">10/01/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:6985.46px;white-space:nowrap">10/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11601.02px;left:9935.41px;letter-spacing:0px;white-space:nowrap">56,043
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:913.61px;white-space:nowrap">530</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:5846.03px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:6140.27px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:2870.7px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:3663.34px;white-space:nowrap">Junior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:4163.33px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:4509.41px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:4991.32px;letter-spacing:-0.69px;white-space:nowrap">2013C,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:5554.51px;letter-spacing:-0.6px;white-space:nowrap">6.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11993.98px;left:6177.38px;letter-spacing:-0.53px;white-space:nowrap">1/15/43,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12185.98px;left:1656px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12185.98px;left:2701.27px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11801.98px;left:9841.61px;white-space:nowrap">536,084
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12386.94px;left:1512px;letter-spacing:-0.45px;white-space:nowrap">Foothill/Eastern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12386.94px;left:2693.75px;letter-spacing:-1.32px;white-space:nowrap">Transportation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12386.94px;left:3786.69px;letter-spacing:-0.21px;white-space:nowrap">Corridor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12386.94px;left:4447.32px;letter-spacing:-1.32px;white-space:nowrap">Agency,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12386.94px;left:5074.03px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:1656px;letter-spacing:-3.07px;white-space:nowrap">Toll
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:1950.24px;letter-spacing:-0.38px;white-space:nowrap">Road
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:2369.28px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:3041.75px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:3583.98px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:4378.53px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12578.94px;left:4860.45px;white-space:nowrap">2013A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:779.21px;white-space:nowrap">1,170
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.750%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/46,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12779.9px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,181,372
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:779.21px;white-space:nowrap">1,175</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">6.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">1/15/53,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:3983.32px;white-space:nowrap">1/15/24)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12980.86px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,187,338
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:56.87px;left:0px;position:absolute;top:0px;transform:translate(86.399px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:499.68px">
<div style="width:9993.6px;height:1032.24px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Nuveen
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1167.71px;white-space:nowrap">California
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2693.91px;white-space:nowrap">Select
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:3623.32px;white-space:nowrap">Tax-Free
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4977.25px;white-space:nowrap">Income
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6137.58px;white-space:nowrap">Portfolio
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:7501.35px;white-space:nowrap">(continued)</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:0px;white-space:nowrap">Portfolio
 </div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1363.77px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:367.69px;left:1722.93px;white-space:nowrap">Investments
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:3578.2px;white-space:nowrap">August
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4425.76px;white-space:nowrap">31,
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;font-weight:bold;position:absolute;top:418.62px;left:4798.95px;white-space:nowrap">2023</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:740.22px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">54</div></div> </div>
<div style="height:74.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,29.216px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:50.40px">
<div style="width:1008px;height:1411.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.18px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:260px;font-weight:600;position:absolute;top:0px;left:0px;letter-spacing:-6.93px;white-space:nowrap">NXC</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:665.68px;left:0px;position:absolute;top:0px;transform:translate(36.000px,83.012px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:550.80px">

 <div style="width:10627.2px;height:13273.63px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:620.01px;letter-spacing:-0.76px;white-space:nowrap">Principal</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:214.57px;white-space:nowrap">Amount
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:876.48px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:1512px;white-space:nowrap">Description
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:2449.59px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7115.53px;white-space:nowrap">Optional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:72px;left:7841.6px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7087.86px;letter-spacing:-0.75px;white-space:nowrap">Provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:7921.12px;white-space:nowrap">(b)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:264px;left:10077.76px;letter-spacing:-1.34px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1512px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:1852px;letter-spacing:-0.2px;white-space:nowrap">Guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:578.32px;left:2809.27px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:578.32px;left:3063.98px;white-space:nowrap">(continued)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:1512px;white-space:nowrap">Golden
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2101.11px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:2503.35px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:3162.07px;letter-spacing:-0.11px;white-space:nowrap">Securitization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:4181.09px;letter-spacing:-0.79px;white-space:nowrap">Corporation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:847.28px;left:5146.84px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:1656px;white-space:nowrap">Enhanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:2424.96px;letter-spacing:-1.92px;white-space:nowrap">Tobacco
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3083.67px;letter-spacing:-0.17px;white-space:nowrap">Settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:3910.38px;letter-spacing:-0.22px;white-space:nowrap">Asset-Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1039.28px;left:4937.25px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2198.23px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:2992.78px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1231.28px;left:3474.7px;white-space:nowrap">2015A:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:779.21px;white-space:nowrap">1,650</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9231.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1432.24px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,708,064</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:779.21px;white-space:nowrap">1,350
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">6/01/40,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:2938.06px;letter-spacing:-0.96px;white-space:nowrap">(Pre-refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:3983.32px;white-space:nowrap">6/01/25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7078.26px;white-space:nowrap">6/25
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1633.2px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,397,506
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:1902.08px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:2220.47px;letter-spacing:-0.19px;white-space:nowrap">Guaranteed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1834.16px;left:9707.22px;letter-spacing:0px;white-space:nowrap">9,112,474
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:1512px;white-space:nowrap">Utilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:2149.75px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:2241.9px;white-space:nowrap">21.2%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:2785.74px;white-space:nowrap">(21.7%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:3384.29px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:3583.65px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2148.48px;left:4000.13px;white-space:nowrap">Investments)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:779.21px;white-space:nowrap">1,480</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:2251.03px;letter-spacing:-0.32px;white-space:nowrap">Infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3256.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:3576.45px;white-space:nowrap">Economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:4340.93px;white-space:nowrap">Development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:5379.31px;letter-spacing:-0.8px;white-space:nowrap">Bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:5817.87px;letter-spacing:-0.16px;white-space:nowrap">Clean
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:6280.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:1656px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:2062.07px;letter-spacing:-0.19px;white-space:nowrap">Revolving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:2815.83px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:3226.86px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:3899.34px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:4441.57px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:4936.92px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:5418.83px;letter-spacing:-0.8px;white-space:nowrap">2017,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2609.43px;left:5866.83px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2801.43px;left:1656px;white-space:nowrap">10/01/33
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7078.26px;white-space:nowrap">4/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2417.43px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,588,218
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:1512px;letter-spacing:-0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:2251.03px;letter-spacing:-1.15px;white-space:nowrap">Pollution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:2925.11px;letter-spacing:-0.6px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:3512.62px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:4262.21px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3002.39px;left:5004.44px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:1656px;letter-spacing:-0.61px;white-space:nowrap">Furnishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:2461.11px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:3133.58px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:3675.81px;letter-spacing:-1.28px;white-space:nowrap">Poseidon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3194.39px;left:4390.05px;letter-spacing:-0.48px;white-space:nowrap">Resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:1656px;white-space:nowrap">Channelside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:2612.15px;white-space:nowrap">LP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:2826.54px;letter-spacing:-0.12px;white-space:nowrap">Desalination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:3774.21px;letter-spacing:-1.71px;white-space:nowrap">Project,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:4351px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3386.39px;left:4832.92px;white-space:nowrap">2012:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:913.61px;white-space:nowrap">375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:2278.87px;letter-spacing:-0.53px;white-space:nowrap">7/01/37,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:2938.06px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:3455.81px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3587.35px;left:9842.61px;letter-spacing:0px;white-space:nowrap">374,943
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:779.21px;white-space:nowrap">1,160</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:1656px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:2278.87px;letter-spacing:-0.48px;white-space:nowrap">11/21/45,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:3030.85px;letter-spacing:-0.69px;white-space:nowrap">(AMT),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:3548.6px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:7078.26px;white-space:nowrap">1/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3788.31px;left:9708.22px;letter-spacing:0px;white-space:nowrap">1,132,543
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:779.21px;white-space:nowrap">1,730</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:1512px;white-space:nowrap">East
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:1853.91px;white-space:nowrap">Bay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:2159.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:2914.22px;white-space:nowrap">Utility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:3367.66px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:3952.77px;white-space:nowrap">Alameda
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:4650.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:4971px;letter-spacing:-0.55px;white-space:nowrap">Contra
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:5506.83px;letter-spacing:-0.32px;white-space:nowrap">Costa
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:5965.06px;letter-spacing:-0.67px;white-space:nowrap">Counties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:1656px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:2429.91px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:2903.35px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:3464.3px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:4136.77px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:4679px;letter-spacing:-0.48px;white-space:nowrap">Green
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:5174.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:5656.27px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4181.27px;left:6216.26px;letter-spacing:-0.6px;white-space:nowrap">4.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4373.27px;left:1656px;white-space:nowrap">6/01/45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:7078.26px;white-space:nowrap">6/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3989.27px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,686,317
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:1512px;white-space:nowrap">Irvine
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:1953.75px;letter-spacing:-0.32px;white-space:nowrap">Ranch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:2437.43px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:2910.86px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:3498.85px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:4274.69px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">Certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:5130.03px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:5318.83px;letter-spacing:-1.19px;white-space:nowrap">Participation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:6297.54px;white-space:nowrap">Irvine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:1656px;letter-spacing:-0.32px;white-space:nowrap">Ranch
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:2139.68px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:2613.11px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:3164.3px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:3646.21px;letter-spacing:-0.8px;white-space:nowrap">2016,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:4094.2px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4766.23px;left:4717.07px;white-space:nowrap">3/01/41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7078.26px;white-space:nowrap">9/26
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4574.23px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,083,380
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:913.61px;white-space:nowrap">645</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:1512px;letter-spacing:-0.58px;white-space:nowrap">Long
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:1922.56px;letter-spacing:-0.16px;white-space:nowrap">Beach
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:2413.59px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:2847.99px;letter-spacing:-0.36px;white-space:nowrap">Finance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:3455.02px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:4199.17px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:4975.01px;letter-spacing:-0.44px;white-space:nowrap">Natural
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:5546.2px;white-space:nowrap">Gas
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:5867.31px;letter-spacing:-1.17px;white-space:nowrap">Purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2007A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.500%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5159.19px;left:4535.48px;white-space:nowrap">11/15/37
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7232.49px;white-space:nowrap">No
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7492.49px;letter-spacing:-0.96px;white-space:nowrap">Opt.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:7857.6px;letter-spacing:-0.72px;white-space:nowrap">Call</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4967.19px;left:9841.61px;white-space:nowrap">688,757
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:779.21px;white-space:nowrap">1,970</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2015E,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:3895.33px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5552.15px;left:4518.19px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:7078.26px;white-space:nowrap">7/24
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5360.15px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,987,789
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:779.21px;white-space:nowrap">2,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:5632.75px;letter-spacing:-1.92px;white-space:nowrap">Power
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:6120.26px;letter-spacing:-0.27px;white-space:nowrap">System
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2020B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5945.11px;left:4525.23px;white-space:nowrap">7/01/40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5753.11px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,198,620
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:779.21px;white-space:nowrap">3,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2017A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:3912.61px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6338.07px;left:4535.48px;white-space:nowrap">7/01/44
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:7078.26px;white-space:nowrap">1/27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6146.07px;left:9707.22px;letter-spacing:0px;white-space:nowrap">3,117,210
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:779.21px;white-space:nowrap">1,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:1512px;letter-spacing:-0.72px;white-space:nowrap">Los
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:1796.64px;white-space:nowrap">Angeles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:2437.11px;letter-spacing:-0.17px;white-space:nowrap">Department
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:3359.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:3546.53px;letter-spacing:-1.23px;white-space:nowrap">Water
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:4019.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:4340.28px;letter-spacing:-3.43px;white-space:nowrap">Power,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:4856.92px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:5630.83px;letter-spacing:-0.76px;white-space:nowrap">Waterworks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:2870.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:3352.62px;letter-spacing:-0.69px;white-space:nowrap">2018B,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:3902.36px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6731.03px;left:4525.23px;white-space:nowrap">7/01/38
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:7078.26px;white-space:nowrap">7/28
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6539.03px;left:9707.22px;letter-spacing:0px;white-space:nowrap">1,072,300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:913.61px;white-space:nowrap">250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:1512px;letter-spacing:-1.37px;white-space:nowrap">Puerto
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:2025.75px;white-space:nowrap">Rico
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:2376.47px;white-space:nowrap">Aqueduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:3140.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:3460.46px;letter-spacing:-0.21px;white-space:nowrap">Sewerage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:4223.97px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:4968.12px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:5640.59px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:1656px;letter-spacing:-0.19px;white-space:nowrap">Refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:2450.55px;white-space:nowrap">Senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:2960.63px;white-space:nowrap">Lien
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:3306.7px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:3788.61px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:4348.6px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:4971.47px;letter-spacing:-0.53px;white-space:nowrap">7/01/47,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7123.99px;left:5630.66px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:7078.26px;white-space:nowrap">7/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6931.99px;left:9841.61px;white-space:nowrap">240,225
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:779.21px;white-space:nowrap">2,050</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:1512px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:2423.03px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:2988.78px;letter-spacing:-0.15px;white-space:nowrap">Sanitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:3753.41px;white-space:nowrap">Districts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:4375.64px;letter-spacing:-0.29px;white-space:nowrap">Financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:5125.24px;letter-spacing:-0.96px;white-space:nowrap">Authority,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:5869.39px;letter-spacing:-0.64px;white-space:nowrap">California,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:1656px;letter-spacing:-0.24px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:2328.47px;letter-spacing:-0.69px;white-space:nowrap">Bonds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:2870.7px;letter-spacing:-0.17px;white-space:nowrap">Sacramento
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:3781.73px;letter-spacing:-0.21px;white-space:nowrap">Regional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:4464.77px;letter-spacing:-0.27px;white-space:nowrap">County
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:5030.52px;letter-spacing:-0.15px;white-space:nowrap">Sanitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:5795.15px;letter-spacing:-0.48px;white-space:nowrap">District,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7516.95px;left:6383.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:1656px;letter-spacing:-0.69px;white-space:nowrap">2020A,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:2215.99px;letter-spacing:-0.6px;white-space:nowrap">5.000%,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7708.95px;left:2838.86px;white-space:nowrap">12/01/50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:6985.46px;white-space:nowrap">12/30
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:7455.85px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:7630.41px;white-space:nowrap">100.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7324.95px;left:9707.22px;letter-spacing:0px;white-space:nowrap">2,184,890
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:1902.08px;white-space:nowrap">Utilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.91px;left:9614.42px;letter-spacing:0px;white-space:nowrap">18,355,192
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:1902.08px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8110.87px;left:2657.11px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:1899.51px;white-space:nowrap">$84,675,090)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8302.87px;left:9614.42px;letter-spacing:0px;white-space:nowrap">84,456,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8503.83px;left:1512px;letter-spacing:-2.56px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8503.83px;left:1928.47px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8503.83px;left:2776.63px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8695.83px;left:1512px;white-space:nowrap">(cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8695.83px;left:1923.35px;white-space:nowrap">$84,675,090)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8695.83px;left:9517.13px;letter-spacing:0px;white-space:nowrap">84,456,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:1512px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:2002.24px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:2540.31px;white-space:nowrap">&amp;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:2705.26px;letter-spacing:-0.37px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:3536.13px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:3857.4px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:3949.56px;white-space:nowrap">2.4%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8896.79px;left:9620.49px;letter-spacing:0px;white-space:nowrap">2,100,078
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:1512px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:1830.4px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:2365.59px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:3247.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:3447.65px;letter-spacing:-0.27px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:4193.57px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:4748.76px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:4840.92px;white-space:nowrap">100%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:9072px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9097.75px;left:9517.13px;letter-spacing:0px;white-space:nowrap">86,556,195</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:648px;white-space:nowrap">All
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:880.64px;letter-spacing:-0.24px;white-space:nowrap">percentages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:1832.79px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:2347.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:2520.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:2795.65px;letter-spacing:-1.34px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:3444.12px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:3632.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:4546.34px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:4818.02px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:5309.85px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:5540.57px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:5815.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:6296.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:7104.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:7293.19px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:7984.22px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:8491.25px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:8991.08px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9388.71px;left:9743.87px;letter-spacing:-0.8px;white-space:nowrap">noted.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:648px;white-space:nowrap">Optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:1332.79px;letter-spacing:-0.58px;white-space:nowrap">Call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:1651.19px;letter-spacing:-0.88px;white-space:nowrap">Provisions:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:2467.66px;letter-spacing:-0.27px;white-space:nowrap">Dates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:2925.89px;white-space:nowrap">(month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:3489.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:3810.2px;letter-spacing:-0.16px;white-space:nowrap">year)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:4209.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:4530.19px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:5011.94px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:5200.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:5476.25px;letter-spacing:-0.11px;white-space:nowrap">earliest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:6043.44px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:6690px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:6976.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:7171.43px;letter-spacing:-0.64px;white-space:nowrap">redemption.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:8108.38px;letter-spacing:-0.96px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:8567.74px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:8912.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:9145.97px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:9576.85px;white-space:nowrap">call
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:9862.92px;letter-spacing:-0.26px;white-space:nowrap">provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9589.66px;left:10647.87px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:648px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:1221.27px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:1703.02px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:1877.58px;letter-spacing:-0.27px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:2241.58px;letter-spacing:-0.91px;white-space:nowrap">dates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:2717.41px;letter-spacing:-0.48px;white-space:nowrap">Certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:3287px;letter-spacing:-0.3px;white-space:nowrap">mortgage-backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:4642.35px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:5368.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:5713.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:5946.97px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:6515.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:6703.75px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:7354.15px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9781.66px;left:8033.66px;letter-spacing:-0.48px;white-space:nowrap">paydowns.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:0px;white-space:nowrap">(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:648px;letter-spacing:-0.12px;white-space:nowrap">Step-up
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:1266.87px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:1869.91px;letter-spacing:-0.8px;white-space:nowrap">bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:2341.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:2466.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:2901.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:3244.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:3370.05px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:3973.09px;letter-spacing:-0.32px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:4291.64px;letter-spacing:-0.38px;white-space:nowrap">increases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:5008.91px;white-space:nowrap">(&quot;steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:5547.62px;letter-spacing:-0.8px;white-space:nowrap">up&quot;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:5931.77px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:6472.89px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:6647.45px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:7211.12px;letter-spacing:-0.44px;white-space:nowrap">intervals,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:7895.59px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:8320.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:8595.58px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:9030.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:9181.17px;letter-spacing:-0.37px;white-space:nowrap">outstanding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:10131.72px;letter-spacing:-0.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9982.62px;left:10444.83px;letter-spacing:-0.7px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:648px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:1162.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:1313.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:1588.94px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:2191.98px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:2388.46px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:2577.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:2852.77px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:3179.16px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:3367.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:3643.48px;letter-spacing:-0.48px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10174.62px;left:4369.55px;letter-spacing:-0.69px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:0px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:648px;letter-spacing:-0.41px;white-space:nowrap">Backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:1227.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:1447.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:1665.75px;letter-spacing:-0.41px;white-space:nowrap">escrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:2220.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:2415.5px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:2778.53px;white-space:nowrap">containing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:3592.44px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">sufficient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:4282.99px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:4601.39px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:5560.42px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:5755.77px;letter-spacing:-1.73px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:6074.17px;white-space:nowrap">Government
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:7033.2px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:7602.31px;letter-spacing:-0.4px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:8365.5px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:8831.41px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:9366.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:9641.64px;white-space:nowrap">timely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:10123.55px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10375.58px;left:10805.15px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10567.58px;left:648px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10567.58px;left:1327.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10567.58px;left:1647.83px;letter-spacing:-0.85px;white-space:nowrap">interest.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:0px;letter-spacing:-0.72px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:648px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:1490.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:1641.42px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:2233.58px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:2614.53px;letter-spacing:-0.49px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:3484.6px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:3961.55px;letter-spacing:-0.38px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:4320.27px;letter-spacing:-0.58px;white-space:nowrap">144A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:4747.79px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:4936.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:5212.1px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:5954.81px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:6237.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:6426.32px;letter-spacing:-0.8px;white-space:nowrap">1933,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:6874.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:7070.79px;letter-spacing:-0.53px;white-space:nowrap">amended.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:7850.3px;letter-spacing:-0.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:8325.98px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:9237.8px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:9582.6px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10848.54px;left:9931.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:648px;letter-spacing:-0.41px;white-space:nowrap">resold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:1145.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:1318.23px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:2231.98px;letter-spacing:-0.27px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:2824.13px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:3205.09px;letter-spacing:-0.8px;white-space:nowrap">registration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:4111.95px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:4577.87px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:4849.55px;white-space:nowrap">normally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:5523.3px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:5967.61px;letter-spacing:-0.15px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:6881.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:7224.71px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:7905.5px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11040.54px;left:8791.09px;letter-spacing:-0.69px;white-space:nowrap">buyers.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11241.5px;left:0px;letter-spacing:-1.28px;white-space:nowrap">AMT
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11241.5px;left:648px;letter-spacing:-0.13px;white-space:nowrap">Alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11241.5px;left:1477.27px;white-space:nowrap">Minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11241.5px;left:2203.66px;letter-spacing:-5.12px;white-space:nowrap">Tax</div></div> </div>
<div style="height:11.57px;left:0px;position:absolute;top:0px;transform:translate(36.000px,739.125px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:120.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.18px;white-space:nowrap">Statements</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:74.54px;left:0px;position:absolute;top:0px;transform:translate(35.999px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1339.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Statement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2659.22px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3274.92px;white-space:nowrap">Assets
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4964.3px;white-space:nowrap">and
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:6021.56px;white-space:nowrap">Liabilities</div></div> </div>
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">55</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:593.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:540.00px">

 <div style="width:10627.2px;height:11832.66px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:0px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:519.25px;letter-spacing:-1.05px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:772.93px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:1169.69px;white-space:nowrap">(Unaudited)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:6575.62px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:7800.32px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:9025.3px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:10252.94px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:218.84px;left:0px;white-space:nowrap">ASSETS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:702.51px;letter-spacing:-0.32px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:1532.56px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:1685.29px;white-space:nowrap">value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:104.9px;position:absolute;top:401.48px;left:2025.07px;white-space:nowrap">&#8224;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:5740.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:5992.02px;letter-spacing:-2.5px;white-space:nowrap">2,970,706,430&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:6964.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,006,881,020&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:8188.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">293,970,541&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:9412.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:434.92px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">84,456,117&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:0px;letter-spacing:-0.15px;white-space:nowrap">Short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:717.49px;letter-spacing:-0.32px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:1547.53px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:1700.27px;white-space:nowrap">value</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:104.9px;position:absolute;top:617.56px;left:2040.05px;white-space:nowrap">&#9674;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:6857.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">22,800,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:651px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:836.84px;left:0px;letter-spacing:-0.63px;white-space:nowrap">Cash</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:836.84px;left:6857.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:836.84px;left:8081.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:836.84px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">3,933,273&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:836.84px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">706,779&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1022.68px;left:0px;letter-spacing:-0.14px;white-space:nowrap">Receivables:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1208.52px;left:72px;letter-spacing:-0.31px;white-space:nowrap">Interest</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1208.52px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">33,585,254&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1208.52px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">11,761,509&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1208.52px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">3,128,985&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1208.52px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">904,381&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:72px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:871.24px;white-space:nowrap">sold</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">30,490,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">14,830,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">2,375,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1394.36px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">740,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Deferred
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:609.97px;letter-spacing:-0.28px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:1145.88px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:6857.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:8081.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1580.19px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">135,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1766.03px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1766.03px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,157,334&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1766.03px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">399,690&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1766.03px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">65,874&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1766.03px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">35,796&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:364.42px;white-space:nowrap">assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:5882.81px;letter-spacing:-2.5px;white-space:nowrap">3,035,939,018&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:7106.81px;letter-spacing:-2.5px;white-space:nowrap">1,056,672,219&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:8463.25px;letter-spacing:-2.92px;white-space:nowrap">303,473,673&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2026.87px;left:9777.69px;letter-spacing:-3.18px;white-space:nowrap">86,978,073&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2261.71px;left:0px;white-space:nowrap">LIABILITIES
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:351.82px;letter-spacing:-0.65px;white-space:nowrap">overdraft</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:6190.82px;letter-spacing:-3.18px;white-space:nowrap">21,357,972&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">16,242,650&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2447.55px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:0px;letter-spacing:-0.16px;white-space:nowrap">Floating
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:557.05px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:838.59px;letter-spacing:-0.13px;white-space:nowrap">obligations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:6857.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">33,485,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2633.39px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:0px;white-space:nowrap">MFP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:318.92px;letter-spacing:-0.84px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:811.57px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:2816.75px;left:1042.98px;white-space:nowrap">**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">319,873,569&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">140,032,372&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2819.23px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:393.25px;letter-spacing:-0.84px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:885.91px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:3002.59px;left:1117.32px;white-space:nowrap">***
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">905,331,235&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">255,660,415&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3005.07px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3190.91px;left:0px;letter-spacing:-0.93px;white-space:nowrap">Payables:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3376.75px;left:72px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3376.75px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">5,064,081&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3376.75px;left:7496.02px;letter-spacing:-3.5px;white-space:nowrap">1,886,284&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3376.75px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">918,063&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3376.75px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">265,812&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3562.59px;left:72px;letter-spacing:-0.31px;white-space:nowrap">Interest</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3562.59px;left:6829.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3562.59px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">871,803&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3562.59px;left:9198.81px;letter-spacing:-11.67px;white-space:nowrap">47&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3562.59px;left:10422.81px;letter-spacing:-11.67px;white-space:nowrap">13&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3748.43px;left:0px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3748.43px;left:573.99px;letter-spacing:-0.09px;white-space:nowrap">expenses:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:72px;white-space:nowrap">Custodian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:761.49px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">184,461&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">67,319&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">23,997&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3934.27px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">10,051&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:72px;white-space:nowrap">Investor
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:615.61px;letter-spacing:-0.44px;white-space:nowrap">relations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">38,530&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">13,340&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">4,193&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4120.11px;left:10341.61px;letter-spacing:-8.75px;white-space:nowrap">634&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:72px;white-space:nowrap">Management
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:959.87px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,431,204&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">513,224&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">124,379&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4305.95px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">19,123&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:72px;letter-spacing:-1.4px;white-space:nowrap">Trustees
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:634.79px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">767,461&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">198,677&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">58,616&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4491.79px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">31,273&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:72px;letter-spacing:-0.71px;white-space:nowrap">Professional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:872.51px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:6552.01px;letter-spacing:-5.83px;white-space:nowrap">4,386&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">15,676&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">18,796&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4677.63px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">15,569&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:72px;letter-spacing:-0.21px;white-space:nowrap">Shareholder
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:892.39px;letter-spacing:-0.42px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:1527.7px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:6470.81px;letter-spacing:-5px;white-space:nowrap">49,991&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">21,144&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">13,863&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4863.47px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">2,908&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:72px;letter-spacing:-0.21px;white-space:nowrap">Shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:892.39px;white-space:nowrap">servicing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:1498.16px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:1902.19px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:6552.01px;letter-spacing:-5.83px;white-space:nowrap">4,020&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:7776.01px;letter-spacing:-5.83px;white-space:nowrap">1,126&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">1,402&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5049.31px;left:10341.61px;letter-spacing:-8.75px;white-space:nowrap">341&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:72px;letter-spacing:0.56px;white-space:nowrap">Shelf
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:427.59px;letter-spacing:-0.28px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:963.51px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:6857.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:8081.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5235.15px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">71,422&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5420.99px;left:72px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5420.99px;left:6389.61px;letter-spacing:-4.37px;white-space:nowrap">106,524&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5420.99px;left:7694.81px;letter-spacing:-5px;white-space:nowrap">56,416&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5420.99px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">15,013&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5420.99px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">4,732&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:364.42px;white-space:nowrap">liabilities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:5882.81px;letter-spacing:-2.5px;white-space:nowrap">1,254,213,434&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:7239.25px;letter-spacing:-2.92px;white-space:nowrap">449,065,446&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:8644.13px;letter-spacing:-3.5px;white-space:nowrap">1,178,369&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5681.83px;left:10000.57px;letter-spacing:-4.37px;white-space:nowrap">421,878&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5916.66px;left:0px;letter-spacing:-0.14px;white-space:nowrap">Commitments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5916.66px;left:988.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5916.66px;left:1281.27px;white-space:nowrap">contingencies</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;font-weight:bold;position:absolute;top:5914.18px;left:2229.33px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:281.12px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:729.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:1477.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:1653.1px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:2280.43px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:5731.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:5882.81px;letter-spacing:-2.5px;white-space:nowrap">1,781,725,584&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:6955.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:7239.25px;letter-spacing:-2.92px;white-space:nowrap">607,606,773&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:8463.25px;letter-spacing:-2.92px;white-space:nowrap">302,295,304&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6166.5px;left:9777.69px;letter-spacing:-3.18px;white-space:nowrap">86,556,195&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:633.77px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:1077.43px;white-space:nowrap">outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">144,735,058&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">47,520,333&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">33,108,196&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6561.8px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">6,362,276&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:266.42px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:624.95px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:999.72px;letter-spacing:-0.52px;white-space:nowrap">(&quot;NAV&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:1520.1px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:1774.47px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:2379.13px;letter-spacing:-0.42px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:2760.62px;white-space:nowrap">outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:5740.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:6552.01px;white-space:nowrap">12</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:6714.41px;letter-spacing:-8.75px;white-space:nowrap">.31&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:6964.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:7776.01px;white-space:nowrap">12
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:7938.41px;letter-spacing:-8.75px;white-space:nowrap">.79&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:8188.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:9081.21px;white-space:nowrap">9</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:9162.41px;letter-spacing:-8.75px;white-space:nowrap">.13&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:9412.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:10224.01px;white-space:nowrap">13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6811.64px;left:10386.41px;letter-spacing:-8.75px;white-space:nowrap">.60&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NET
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:306.04px;white-space:nowrap">ASSETS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:855.11px;letter-spacing:-0.15px;white-space:nowrap">APPLICABLE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:1735.71px;letter-spacing:-1.4px;white-space:nowrap">TO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:1966.99px;letter-spacing:-0.24px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:2714.02px;white-space:nowrap">SHARES
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:3301.31px;letter-spacing:-0.86px;white-space:nowrap">CONSIST
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7061.48px;left:3947.97px;letter-spacing:-1.12px;white-space:nowrap">OF:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:633.77px;letter-spacing:-0.84px;white-space:nowrap">shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:1109.63px;white-space:nowrap">$0.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:1505.82px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:1754.87px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:2129.65px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:2384.03px;letter-spacing:-0.5px;white-space:nowrap">share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:5740.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:6272.02px;letter-spacing:-3.5px;white-space:nowrap">1,447,351&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:6964.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:7613.61px;letter-spacing:-4.37px;white-space:nowrap">475,203&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:8188.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">331,082&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:9412.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7311.32px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">63,623&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:0px;letter-spacing:-1.05px;white-space:nowrap">Paid-in
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:467.88px;white-space:nowrap">capital</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:5992.02px;letter-spacing:-2.5px;white-space:nowrap">1,964,735,168&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">635,806,480&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">312,875,798&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7497.16px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">88,550,088&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:341.32px;white-space:nowrap">distributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:1186.62px;letter-spacing:-0.09px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:1774.33px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:6067.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">184,456,935&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:6913.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:7372.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">28,674,910&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:8137.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:8596.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">10,911,576&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:9361.2px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:9902.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">2,057,516&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7683px;left:10585.2px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:266.42px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:687.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:1394.24px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:1559.16px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:2163.81px;letter-spacing:-0.42px;white-space:nowrap">shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:5740.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:5992.02px;letter-spacing:-2.5px;white-space:nowrap">1,781,725,584&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:6964.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">607,606,773&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:8188.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">302,295,304&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:9412.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7900.84px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">86,556,195&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8150.68px;left:0px;white-space:nowrap">Authorized
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8150.68px;left:742.41px;letter-spacing:-0.36px;white-space:nowrap">shares:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8336.52px;left:36px;letter-spacing:-0.28px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8336.52px;left:6187.93px;white-space:nowrap">Unlimited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8336.52px;left:7411.93px;white-space:nowrap">Unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8336.52px;left:8635.93px;white-space:nowrap">Unlimited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8336.52px;left:9859.93px;white-space:nowrap">Unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8522.36px;left:36px;letter-spacing:-1.31px;white-space:nowrap">Preferred</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8522.36px;left:6187.93px;white-space:nowrap">Unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8522.36px;left:7411.93px;white-space:nowrap">Unlimited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8522.36px;left:9175.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8522.36px;left:10399.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:104.9px;position:absolute;top:8737px;left:0px;white-space:nowrap">&#8224;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:163.35px;letter-spacing:-0.25px;white-space:nowrap">Long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:865.86px;letter-spacing:-0.32px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:1695.9px;white-space:nowrap">cost</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:5740.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:5992.02px;letter-spacing:-2.5px;white-space:nowrap">3,011,305,404&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:6964.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:7216.02px;letter-spacing:-2.5px;white-space:nowrap">1,006,465,949&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:8188.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">295,082,115&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:9412.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8770.44px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">84,675,090&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:104.9px;position:absolute;top:8985.08px;left:0px;white-space:nowrap">&#9674;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:167.23px;letter-spacing:-0.15px;white-space:nowrap">Short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:884.71px;letter-spacing:-0.32px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:1714.76px;white-space:nowrap">cost</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:5740.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:6829.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:6964.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:7414.82px;letter-spacing:-3.18px;white-space:nowrap">22,800,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:8188.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:9412.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9018.51px;left:10501.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:9233.87px;left:0px;white-space:nowrap">**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:177.48px;letter-spacing:-0.52px;white-space:nowrap">MFP&#160;&#160;Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:1024.04px;letter-spacing:-0.12px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:1743.36px;letter-spacing:-0.5px;white-space:nowrap">preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">320,000,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">140,400,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9236.35px;left:10501.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:9451.71px;left:0px;white-space:nowrap">***
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:108.71px;letter-spacing:-0.28px;white-space:nowrap">&#160;&#160;&#160;&#160;VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:639.45px;letter-spacing:-0.84px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:1132.1px;letter-spacing:-0.12px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:1851.42px;letter-spacing:-0.5px;white-space:nowrap">preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:6109.62px;letter-spacing:-2.92px;white-space:nowrap">907,800,000&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:7333.62px;letter-spacing:-2.92px;white-space:nowrap">256,700,000&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9454.19px;left:10501.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:9789.55px;left:0px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:288px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:483.16px;white-space:nowrap">disclosed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:1126.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:1278.07px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:1692.18px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:1857.1px;letter-spacing:-0.25px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9792.03px;left:2455.74px;letter-spacing:-0.59px;white-space:nowrap">Statements.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:74.54px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1339.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Statement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2659.22px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3274.92px;white-space:nowrap">Operations</div></div> </div>
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">56</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:593.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:11832.66px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:0px;white-space:nowrap">Six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:242.34px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:790.29px;white-space:nowrap">Ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:1261.66px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:1780.92px;letter-spacing:-1.05px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:2034.6px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:2431.35px;white-space:nowrap">(Unaudited)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:5927.62px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:7368.32px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:8809.3px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:10252.94px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:315.84px;left:0px;letter-spacing:-0.47px;white-space:nowrap">INVESTMENT
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:315.84px;left:940.09px;letter-spacing:-0.28px;white-space:nowrap">INCOME</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:4948.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">67,677,740&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:6388.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:6910.82px;letter-spacing:-3.18px;white-space:nowrap">23,280,783&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:7828.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">6,580,016&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:9268.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:501.68px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">1,847,913&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:341.32px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:1077px;white-space:nowrap">income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">67,677,740&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:6910.82px;letter-spacing:-3.18px;white-space:nowrap">23,280,783&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">6,580,016&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:687.52px;left:9872.02px;letter-spacing:-3.5px;white-space:nowrap">1,847,913&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:948.36px;left:0px;white-space:nowrap">EXPENSES
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:965.36px;left:6251.2px;white-space:nowrap">&#8211;</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:965.36px;left:7691.2px;white-space:nowrap">&#8211;
</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:965.36px;left:9131.2px;white-space:nowrap">&#8211;</div><div style="color:#ffffff;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:965.36px;left:10571.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:0px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:887.87px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:5552.02px;letter-spacing:-3.5px;white-space:nowrap">8,590,311&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">3,075,992&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:8549.61px;letter-spacing:-4.37px;white-space:nowrap">748,281&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1151.2px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">114,598&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:820.39px;white-space:nowrap">servicing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:1426.16px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:1830.19px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">12,314&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:7272.01px;letter-spacing:-5.83px;white-space:nowrap">3,519&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:8712.01px;letter-spacing:-5.83px;white-space:nowrap">4,330&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1337.04px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">1,013&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:511.69px;letter-spacing:-0.1px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:1086.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:1366.52px;letter-spacing:-0.24px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:2195.03px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:2360.22px;letter-spacing:-0.28px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:2896.14px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">24,509,624&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">7,611,375&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:8829.61px;letter-spacing:-8.75px;white-space:nowrap">412&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1522.88px;left:10269.61px;letter-spacing:-8.75px;white-space:nowrap">116&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:0px;letter-spacing:-1.4px;white-space:nowrap">Trustees
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:562.79px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">57,403&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">19,145&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:8712.01px;letter-spacing:-5.83px;white-space:nowrap">5,770&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1708.72px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">1,652&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:0px;white-space:nowrap">Custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:689.49px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:5669.61px;letter-spacing:-4.37px;white-space:nowrap">106,363&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">40,480&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:8630.81px;letter-spacing:-5px;white-space:nowrap">15,099&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1894.55px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">6,648&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:0px;white-space:nowrap">Investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:543.61px;letter-spacing:-0.39px;white-space:nowrap">relations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:1123.62px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">68,703&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">23,174&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:8712.01px;letter-spacing:-5.83px;white-space:nowrap">7,328&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2080.39px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">1,890&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:0px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:583.51px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:5552.02px;letter-spacing:-3.5px;white-space:nowrap">1,938,554&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:7109.61px;letter-spacing:-4.37px;white-space:nowrap">999,670&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:8989.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2266.23px;left:10429.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:0px;letter-spacing:-0.71px;white-space:nowrap">Professional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:800.51px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:5669.61px;letter-spacing:-4.37px;white-space:nowrap">120,820&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">58,738&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:8630.81px;letter-spacing:-5px;white-space:nowrap">31,351&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2452.07px;left:10070.81px;letter-spacing:-5px;white-space:nowrap">20,941&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:0px;letter-spacing:-0.35px;white-space:nowrap">Remarketing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:844.19px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:5669.61px;letter-spacing:-4.37px;white-space:nowrap">254,483&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:7109.61px;letter-spacing:-4.37px;white-space:nowrap">335,689&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:8989.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2637.91px;left:10429.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Shareholder
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:820.39px;letter-spacing:-0.42px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:1455.7px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">36,816&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">18,631&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:8630.81px;letter-spacing:-5px;white-space:nowrap">13,031&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2823.75px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">5,218&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:0px;letter-spacing:-0.14px;white-space:nowrap">Stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:384.44px;letter-spacing:-0.19px;white-space:nowrap">exchange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:1041.87px;white-space:nowrap">listing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:1458.5px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">22,166&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:7272.01px;letter-spacing:-5.83px;white-space:nowrap">7,276&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:8712.01px;letter-spacing:-5.83px;white-space:nowrap">2,234&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3009.59px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">3,734&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:5750.81px;letter-spacing:-5px;white-space:nowrap">74,307&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:7190.81px;letter-spacing:-5px;white-space:nowrap">46,650&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:8712.01px;letter-spacing:-5.83px;white-space:nowrap">4,665&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3195.43px;left:10152.01px;letter-spacing:-5.83px;white-space:nowrap">5,182&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:341.32px;letter-spacing:-0.09px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">35,791,864&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:6910.82px;letter-spacing:-3.18px;white-space:nowrap">12,240,339&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:8549.61px;letter-spacing:-4.37px;white-space:nowrap">832,501&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3456.27px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">160,992&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:281.12px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:1075.89px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:1610.26px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:5385.69px;letter-spacing:-3.18px;white-space:nowrap">31,885,876&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:6825.69px;letter-spacing:-3.18px;white-space:nowrap">11,040,444&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:8356.13px;letter-spacing:-3.5px;white-space:nowrap">5,747,515&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3705.11px;left:9796.13px;letter-spacing:-3.5px;white-space:nowrap">1,686,921&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3982.95px;left:0px;white-space:nowrap">REALIZED
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3982.95px;left:712.73px;white-space:nowrap">AND
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3982.95px;left:1068.75px;white-space:nowrap">UNREALIZED
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3982.95px;left:1997.92px;white-space:nowrap">GAIN
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3982.95px;left:2397.75px;letter-spacing:-0.7px;white-space:nowrap">(LOSS)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Realized
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:572.6px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:887.17px;white-space:nowrap">(loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4185.79px;left:1251.3px;letter-spacing:-0.5px;white-space:nowrap">from:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:72px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:5510.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:5552.02px;letter-spacing:-3.5px;white-space:nowrap">6,442,045&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:6193.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:6950.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">2,334,795&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:7633.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:8390.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">1,349,187&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9073.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9947.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">287,945&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4371.63px;left:10513.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:804.71px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:1119.29px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:5510.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:5552.02px;letter-spacing:-3.5px;white-space:nowrap">6,442,045&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:6193.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:6950.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">2,334,795&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:7633.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:8390.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">1,349,187&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:9073.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:9947.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">287,945&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4557.47px;left:10513.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:0px;white-space:nowrap">Change
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:542.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:693.41px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:1394.38px;letter-spacing:-0.3px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:2234.52px;letter-spacing:-0.26px;white-space:nowrap">(depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4824.76px;left:3164.24px;white-space:nowrap">on:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:72px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:5428.82px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">24,207,112&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:6193.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:6950.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">6,494,151&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:7633.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:8390.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">1,485,012&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:9073.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:9947.62px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">412,454&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5010.6px;left:10513.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:0px;white-space:nowrap">Change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:542.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:693.41px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:934.21px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:1635.18px;letter-spacing:-0.3px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:2475.31px;letter-spacing:-0.28px;white-space:nowrap">(depreciation)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:5428.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">24,207,112&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:6193.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:6950.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">6,494,151&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:7633.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:8390.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">1,485,012&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:9073.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:9947.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">412,454&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5196.44px;left:10513.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:804.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:1084.99px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:1785.96px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:2100.54px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:5428.82px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:5470.82px;letter-spacing:-3.18px;white-space:nowrap">30,649,157&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:6193.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:6950.02px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:6992.02px;letter-spacing:-3.5px;white-space:nowrap">8,828,946&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:7633.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:8390.02px;white-space:nowrap">(
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:8432.02px;letter-spacing:-3.5px;white-space:nowrap">2,834,199&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:9073.2px;letter-spacing:0px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:9947.62px;white-space:nowrap">(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:9989.61px;letter-spacing:-4.37px;white-space:nowrap">700,399&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5457.28px;left:10513.2px;letter-spacing:0px;white-space:nowrap">)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:281.12px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:878.49px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:1619.5px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:1782.18px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:2038.94px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:2486.93px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:3235.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:3410.92px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:4038.25px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5735.12px;left:4507.38px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:288px;letter-spacing:-0.36px;white-space:nowrap">operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:4939.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:5476.13px;letter-spacing:-3.5px;white-space:nowrap">1,236,719&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:6379.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:6916.13px;letter-spacing:-3.5px;white-space:nowrap">2,211,498&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:7819.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:8356.13px;letter-spacing:-3.5px;white-space:nowrap">2,913,316&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:9259.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5903.12px;left:9928.57px;letter-spacing:-4.37px;white-space:nowrap">986,522&#8204;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:63.16px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1111.55px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Statement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2659.22px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3274.92px;white-space:nowrap">Changes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:5480.86px;white-space:nowrap">in
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:6103.59px;white-space:nowrap">Net
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:7093.59px;white-space:nowrap">Assets</div></div> </div>
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(35.999px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">57</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:593.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:561.60px">

 <div style="width:10627.2px;height:11832.66px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:5894.21px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:9350.56px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:225.84px;left:5116.05px;white-space:nowrap">Unaudited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:4602.82px;white-space:nowrap">Six
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:4845.15px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:5393.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:5263.6px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:6789.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:7121.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:6991.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:225.84px;left:8572.05px;white-space:nowrap">Unaudited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8058.82px;white-space:nowrap">Six
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8301.15px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8849.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:8719.6px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:10245.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:10577.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:10447.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:752.68px;left:0px;letter-spacing:-0.84px;white-space:nowrap">OPERATIONS</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:266.42px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:1002.1px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:1512.68px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:4375.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:5067.62px;letter-spacing:-3.18px;white-space:nowrap">31,885,876&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:6103.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">79,191,067&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:7831.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">11,040,444&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:9559.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">26,790,986&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:804.71px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:1119.29px;white-space:nowrap">(loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(6,442,045&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:6672.42px;letter-spacing:-2.5px;white-space:nowrap">(112,184,494&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:8562.82px;letter-spacing:-2.92px;white-space:nowrap">(2,334,795&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:10209.62px;letter-spacing:-2.69px;white-space:nowrap">(25,699,597&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:266.42px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:777.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:929.03px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:1630px;letter-spacing:-0.3px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:2470.13px;letter-spacing:-0.26px;white-space:nowrap">(depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:5025.62px;letter-spacing:-2.69px;white-space:nowrap">(24,207,112&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:6672.42px;letter-spacing:-2.5px;white-space:nowrap">(253,974,571&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:8562.82px;letter-spacing:-2.92px;white-space:nowrap">(6,494,151&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:10209.62px;letter-spacing:-2.69px;white-space:nowrap">(98,059,693&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:831.87px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1534.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1685.58px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1926.37px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:2347.06px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3054.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3219.12px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3823.77px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:144px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:477.34px;letter-spacing:-0.31px;white-space:nowrap">operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:5148.82px;letter-spacing:-3.5px;white-space:nowrap">1,236,719&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:6672.42px;letter-spacing:-2.5px;white-space:nowrap">(286,967,998&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:8604.82px;letter-spacing:-3.5px;white-space:nowrap">2,211,498&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:10209.62px;letter-spacing:-2.69px;white-space:nowrap">(96,968,304&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:0px;letter-spacing:-0.13px;white-space:nowrap">DISTRIBUTIONS
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:1118.87px;letter-spacing:-1.4px;white-space:nowrap">TO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:1350.15px;letter-spacing:-0.24px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:2097.18px;white-space:nowrap">SHAREHOLDERS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:0px;white-space:nowrap">Dividends</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:5025.62px;letter-spacing:-2.69px;white-space:nowrap">(31,262,772&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(82,354,248&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:8481.62px;letter-spacing:-2.69px;white-space:nowrap">(11,832,564&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:10209.62px;letter-spacing:-2.69px;white-space:nowrap">(28,797,322&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:341.32px;white-space:nowrap">distributions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:5025.62px;letter-spacing:-2.69px;white-space:nowrap">(31,262,772&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(82,354,248&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:8481.62px;letter-spacing:-2.69px;white-space:nowrap">(11,832,564&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:10209.62px;letter-spacing:-2.69px;white-space:nowrap">(28,797,322&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:831.87px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:1534.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:1685.58px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:1926.37px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:2347.06px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:3054.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:3219.12px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:3823.77px;letter-spacing:-0.42px;white-space:nowrap">shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:5025.62px;letter-spacing:-2.69px;white-space:nowrap">(30,026,053&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:6672.42px;letter-spacing:-2.5px;white-space:nowrap">(369,322,246&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:8562.82px;letter-spacing:-2.92px;white-space:nowrap">(9,621,066&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2683.39px;left:10128.42px;letter-spacing:-2.5px;white-space:nowrap">(125,765,626&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:266.42px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:687.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:1394.24px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:1559.16px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:2163.81px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:2607.47px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:2760.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:3001.28px;white-space:nowrap">beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:3696.51px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2869.23px;left:3861.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3037.23px;left:144px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3037.23px;left:4868.82px;letter-spacing:-2.5px;white-space:nowrap">1,811,751,637&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3037.23px;left:6596.82px;letter-spacing:-2.5px;white-space:nowrap">2,181,073,883&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3037.23px;left:8442.42px;letter-spacing:-2.92px;white-space:nowrap">617,227,839&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3037.23px;left:10170.42px;letter-spacing:-2.92px;white-space:nowrap">742,993,465&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:281.12px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:729.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:1477.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:1653.1px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:2280.43px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:2749.56px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:2914.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:3171.38px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:3468.18px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3298.07px;left:3645.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:144px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:4366.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:4759.61px;letter-spacing:-2.5px;white-space:nowrap">1,781,725,584&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:6094.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:6487.61px;letter-spacing:-2.5px;white-space:nowrap">1,811,751,637&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:7822.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:8348.05px;letter-spacing:-2.92px;white-space:nowrap">607,606,773&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:9550.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3466.07px;left:10076.05px;letter-spacing:-2.92px;white-space:nowrap">617,227,839&#8204;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">58</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:593.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:561.60px">

 <div style="width:10627.2px;height:11832.66px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:5895.05px;letter-spacing:-1.4px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:40px;left:9352.87px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:225.84px;left:5116.05px;white-space:nowrap">Unaudited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:4602.82px;white-space:nowrap">Six
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:4845.15px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:5393.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:5263.6px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:6789.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:7121.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:6991.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:225.84px;left:8572.05px;white-space:nowrap">Unaudited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8058.82px;white-space:nowrap">Six
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8301.15px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:8849.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:8719.6px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:10245.45px;letter-spacing:-3.02px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:393.84px;left:10577.11px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:561.84px;left:10447.6px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:752.68px;left:0px;letter-spacing:-0.84px;white-space:nowrap">OPERATIONS</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:266.42px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:1002.1px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:1512.68px;white-space:nowrap">(loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:4375.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:5148.82px;letter-spacing:-3.5px;white-space:nowrap">5,747,515&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:6103.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:6795.62px;letter-spacing:-3.18px;white-space:nowrap">10,979,386&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:7831.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:8604.82px;letter-spacing:-3.5px;white-space:nowrap">1,686,921&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:9559.44px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:938.52px;left:10332.82px;letter-spacing:-3.5px;white-space:nowrap">3,228,096&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:804.71px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:1119.29px;white-space:nowrap">(loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(1,349,187&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:6834.82px;letter-spacing:-2.92px;white-space:nowrap">(7,463,877&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:8680.42px;letter-spacing:-3.5px;white-space:nowrap">(287,945&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1124.36px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(1,704,954&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:266.42px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:777.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:929.03px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:1630px;letter-spacing:-0.3px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:2470.13px;letter-spacing:-0.26px;white-space:nowrap">(depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(1,485,012&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(29,648,083&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:8680.42px;letter-spacing:-3.5px;white-space:nowrap">(412,454&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1310.2px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(7,514,728&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:831.87px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1534.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1685.58px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:1926.37px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:2347.06px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3054.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3219.12px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1571.04px;left:3823.77px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:144px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:477.34px;letter-spacing:-0.31px;white-space:nowrap">operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:5148.82px;letter-spacing:-3.5px;white-space:nowrap">2,913,316&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(26,132,574&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:8722.41px;letter-spacing:-4.37px;white-space:nowrap">986,522&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1739.04px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(5,991,586&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:0px;letter-spacing:-0.13px;white-space:nowrap">DISTRIBUTIONS
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:1118.87px;letter-spacing:-1.4px;white-space:nowrap">TO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:1350.15px;letter-spacing:-0.24px;white-space:nowrap">COMMON
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2016.88px;left:2097.18px;white-space:nowrap">SHAREHOLDERS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:0px;white-space:nowrap">Dividends</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(5,760,826&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(10,528,407&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:8562.82px;letter-spacing:-2.92px;white-space:nowrap">(1,660,554&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2219.72px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(3,149,970&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:0px;letter-spacing:-2.24px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:341.32px;white-space:nowrap">distributions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(5,760,826&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(10,528,407&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:8562.82px;letter-spacing:-2.92px;white-space:nowrap">(1,660,554&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2480.55px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(3,149,970&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2758.39px;left:0px;letter-spacing:-1.68px;white-space:nowrap">CAPITAL
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2758.39px;left:612.22px;white-space:nowrap">SHARE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2758.39px;left:1113.41px;letter-spacing:-0.28px;white-space:nowrap">TRANSACTIONS</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2978.23px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2978.23px;left:633.77px;letter-spacing:-0.36px;white-space:nowrap">shares:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:0px;letter-spacing:-0.12px;white-space:nowrap">Reinvestments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:960.11px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:1125.3px;white-space:nowrap">distributions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:5706px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:7434px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:8884.81px;letter-spacing:-5.83px;white-space:nowrap">6,412&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3239.07px;left:10531.61px;letter-spacing:-5px;white-space:nowrap">12,887&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:831.87px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:1534.24px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:2241.37px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:2406.29px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:3010.95px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:3454.6px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3499.91px;left:3787.94px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:144px;letter-spacing:-0.42px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:525.49px;letter-spacing:-0.14px;white-space:nowrap">transactions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:5706px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:7434px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:8884.81px;letter-spacing:-5.83px;white-space:nowrap">6,412&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3667.91px;left:10531.61px;letter-spacing:-5px;white-space:nowrap">12,887&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:831.87px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:1534.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:1685.58px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:1926.37px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:2347.06px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:3054.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:3219.12px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:3823.77px;letter-spacing:-0.42px;white-space:nowrap">shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:5106.82px;letter-spacing:-2.92px;white-space:nowrap">(2,847,510&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:6753.62px;letter-spacing:-2.69px;white-space:nowrap">(36,660,981&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:8680.42px;letter-spacing:-3.5px;white-space:nowrap">(667,620&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3870.75px;left:10290.82px;letter-spacing:-2.92px;white-space:nowrap">(9,128,669&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:266.42px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:687.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:1394.24px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:1559.16px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:2163.81px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:2607.47px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:2760.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:3001.28px;white-space:nowrap">beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:3696.51px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4056.59px;left:3861.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4224.59px;left:144px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4224.59px;left:4986.42px;letter-spacing:-2.92px;white-space:nowrap">305,142,814&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4224.59px;left:6714.42px;letter-spacing:-2.92px;white-space:nowrap">341,803,795&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4224.59px;left:8523.62px;letter-spacing:-3.18px;white-space:nowrap">87,223,815&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4224.59px;left:10251.62px;letter-spacing:-3.18px;white-space:nowrap">96,352,484&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:281.12px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:729.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:1477.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:1653.1px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:2280.43px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:2749.56px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:2914.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:3171.38px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:3468.18px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4485.43px;left:3645.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:144px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:4366.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:4892.05px;letter-spacing:-2.92px;white-space:nowrap">302,295,304&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:6094.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:6620.05px;letter-spacing:-2.92px;white-space:nowrap">305,142,814&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:7822.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:8438.49px;letter-spacing:-3.18px;white-space:nowrap">86,556,195&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:9550.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4653.43px;left:10166.49px;letter-spacing:-3.18px;white-space:nowrap">87,223,815&#8204;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:75.98px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1368px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Statement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2659.22px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:3274.92px;white-space:nowrap">Cash
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4598.44px;white-space:nowrap">Flows</div></div> </div>
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">59</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:593.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:11832.66px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:0px;white-space:nowrap">Six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:242.34px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:790.29px;white-space:nowrap">Ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:1261.66px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:1780.92px;letter-spacing:-1.05px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:2034.6px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:55.12px;left:2431.35px;white-space:nowrap">(Unaudited)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:40px;left:9051.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:40px;left:10276.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:349.96px;left:0px;letter-spacing:-0.34px;white-space:nowrap">CASH
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:349.96px;left:422.52px;letter-spacing:-0.7px;white-space:nowrap">FLOWS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:349.96px;left:952.97px;white-space:nowrap">FROM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:349.96px;left:1414.27px;letter-spacing:-0.84px;white-space:nowrap">OPERATING
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:349.96px;left:2271.06px;letter-spacing:-0.34px;white-space:nowrap">ACTIVITIES</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:281.12px;letter-spacing:-0.37px;white-space:nowrap">Increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:881.57px;letter-spacing:-0.31px;white-space:nowrap">(Decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:1638.82px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:1801.5px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:2080.1px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:2548.39px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:3319.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:3495.2px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:4147.87px;letter-spacing:-0.36px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:4633.67px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:523.8px;left:4990.39px;letter-spacing:-0.36px;white-space:nowrap">Operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">1,236,719&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:523.8px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">2,211,498&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:0px;white-space:nowrap">Adjustments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:836.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:1001.68px;letter-spacing:-0.25px;white-space:nowrap">reconcile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:1621.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:1862.95px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:2103.75px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:2669.2px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:3371.57px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:3522.91px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:3763.71px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:4184.4px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:4891.53px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:5056.45px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:5661.1px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:6104.76px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:6438.09px;letter-spacing:-0.28px;white-space:nowrap">operations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:7158.1px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:7323.02px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:709.64px;left:7563.82px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:144px;letter-spacing:-0.28px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:763.07px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:955.57px;white-space:nowrap">(used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:1345.32px;white-space:nowrap">in)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:1538.66px;letter-spacing:-0.31px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:877.64px;left:2199.45px;white-space:nowrap">activities:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:0px;letter-spacing:-0.92px;white-space:nowrap">Purchases
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:669.47px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:834.67px;white-space:nowrap">investments</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:8515.62px;letter-spacing:-2.5px;white-space:nowrap">(216,827,890&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1063.48px;left:9820.82px;letter-spacing:-2.69px;white-space:nowrap">(66,877,398&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:0px;letter-spacing:-1.03px;white-space:nowrap">Proceeds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:624.39px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:957.73px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:1245.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:1525.28px;letter-spacing:-0.13px;white-space:nowrap">maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:2189.99px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:2355.19px;white-space:nowrap">investments</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:8557.62px;letter-spacing:-2.92px;white-space:nowrap">227,555,169&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1249.32px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">87,650,792&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:0px;letter-spacing:-1.03px;white-space:nowrap">Proceeds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:624.39px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:957.73px;letter-spacing:-0.92px;white-space:nowrap">(Purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:1607.04px;letter-spacing:1.68px;white-space:nowrap">of)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:1817.6px;letter-spacing:-0.15px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:2518.28px;letter-spacing:-0.32px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:3348.33px;white-space:nowrap">net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1435.16px;left:9820.82px;letter-spacing:-2.69px;white-space:nowrap">(22,800,000&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Amortization
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:851.75px;letter-spacing:-0.21px;white-space:nowrap">(Accretion)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:1582.96px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:1748.16px;letter-spacing:-0.28px;white-space:nowrap">premiums
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:2425.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:2706.03px;letter-spacing:-0.38px;white-space:nowrap">discounts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:3384.32px;white-space:nowrap">net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">1,024,968&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1621px;left:10019.62px;letter-spacing:-3.5px;white-space:nowrap">(893,279&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:851.75px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:1016.95px;letter-spacing:-0.28px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:1610.12px;letter-spacing:-0.28px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:2146.03px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">84,701&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1806.84px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">36,117&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1992.67px;left:0px;letter-spacing:-0.31px;white-space:nowrap">(Increase)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1992.67px;left:650.85px;letter-spacing:-0.37px;white-space:nowrap">Decrease
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:1992.67px;left:1286.02px;white-space:nowrap">in:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:288px;letter-spacing:-0.15px;white-space:nowrap">Receivable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:1017.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:1230.19px;letter-spacing:-0.31px;white-space:nowrap">interest</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:8795.62px;letter-spacing:-3.5px;white-space:nowrap">(221,485&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2178.51px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">83,071&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:288px;letter-spacing:-0.15px;white-space:nowrap">Receivable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:1017.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:1230.19px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:2028.04px;white-space:nowrap">sold</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:8596.82px;letter-spacing:-2.69px;white-space:nowrap">(30,470,000&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2364.35px;left:9820.82px;letter-spacing:-2.69px;white-space:nowrap">(10,683,800&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:288px;white-space:nowrap">Other
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:698.47px;white-space:nowrap">assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:8876.81px;letter-spacing:-3.89px;white-space:nowrap">(59,563&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2550.19px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">8,035&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2736.03px;left:0px;letter-spacing:-0.37px;white-space:nowrap">Increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2736.03px;left:566.85px;letter-spacing:-0.31px;white-space:nowrap">(Decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2736.03px;left:1286.02px;white-space:nowrap">in:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2921.87px;left:288px;letter-spacing:-1.05px;white-space:nowrap">Payable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2921.87px;left:818.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2921.87px;left:1030.41px;letter-spacing:-0.31px;white-space:nowrap">interest</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2921.87px;left:8958.01px;letter-spacing:-4.37px;white-space:nowrap">(2,791&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2921.87px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">310,071&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:861.99px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:1520.69px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:8876.81px;letter-spacing:-3.89px;white-space:nowrap">(63,750&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3107.71px;left:10100.81px;letter-spacing:-3.89px;white-space:nowrap">(21,808&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:861.99px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:1404.2px;letter-spacing:-0.39px;white-space:nowrap">relations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:1984.22px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:8876.81px;letter-spacing:-3.89px;white-space:nowrap">(12,787&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3293.55px;left:10182.01px;letter-spacing:-4.37px;white-space:nowrap">(4,242&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:861.99px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:1749.44px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:8837.61px;letter-spacing:-4.37px;white-space:nowrap">109,077&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3479.39px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">39,324&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:858.64px;letter-spacing:-1.4px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:1421.42px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">42,468&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3665.23px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">11,534&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:861.99px;letter-spacing:-0.19px;white-space:nowrap">professional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:1676.92px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:8876.81px;letter-spacing:-3.89px;white-space:nowrap">(43,564&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3851.07px;left:10100.81px;letter-spacing:-3.89px;white-space:nowrap">(18,765&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:861.99px;letter-spacing:-0.21px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:1665.58px;letter-spacing:-0.42px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:2300.89px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:9000.01px;letter-spacing:-5.83px;white-space:nowrap">5,256&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4036.91px;left:10224.01px;letter-spacing:-5.83px;white-space:nowrap">3,635&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:288px;white-space:nowrap">Accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:861.99px;letter-spacing:-0.21px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:1665.58px;white-space:nowrap">servicing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:2271.35px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:2675.39px;white-space:nowrap">fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:9075.61px;letter-spacing:-5.83px;white-space:nowrap">(180&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4222.75px;left:10380.81px;letter-spacing:-7px;white-space:nowrap">(80&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:288px;white-space:nowrap">Accrued
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:861.99px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:1239.01px;letter-spacing:-0.1px;white-space:nowrap">expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">62,512&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4408.59px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">32,258&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:804.71px;white-space:nowrap">(gain)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:1203.28px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:1483.42px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:1816.76px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:8720.02px;letter-spacing:-3.5px;white-space:nowrap">6,442,045&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4594.43px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">2,334,795&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:266.42px;letter-spacing:-0.37px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:804.71px;white-space:nowrap">(gain)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:1203.28px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:1483.42px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:1816.76px;white-space:nowrap">paydowns</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:8918.81px;letter-spacing:-5px;white-space:nowrap">24,372&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4780.27px;left:10142.81px;letter-spacing:-5px;white-space:nowrap">14,011&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:266.42px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:777.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:929.03px;letter-spacing:-0.31px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:1630px;letter-spacing:-0.26px;white-space:nowrap">(appreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:2554.13px;letter-spacing:-0.3px;white-space:nowrap">depreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:3399.86px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:3565.06px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">24,207,112&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4966.11px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">6,494,151&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:266.42px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:589.95px;letter-spacing:-0.28px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:1209.03px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:1401.52px;white-space:nowrap">(used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:1791.28px;white-space:nowrap">in)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:1984.61px;letter-spacing:-0.31px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:2645.41px;white-space:nowrap">activities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">13,092,389&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5168.95px;left:9902.02px;letter-spacing:-2.92px;white-space:nowrap">(2,070,080&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5342.79px;left:0px;letter-spacing:-0.34px;white-space:nowrap">CASH
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5342.79px;left:422.52px;letter-spacing:-0.7px;white-space:nowrap">FLOWS
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5342.79px;left:952.97px;white-space:nowrap">FROM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5342.79px;left:1414.27px;white-space:nowrap">FINANCING
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5342.79px;left:2255.38px;letter-spacing:-0.34px;white-space:nowrap">ACTIVITIES</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5516.63px;left:0px;letter-spacing:-1.03px;white-space:nowrap">Proceeds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5516.63px;left:624.39px;letter-spacing:-0.5px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5516.63px;left:957.73px;letter-spacing:-0.25px;white-space:nowrap">borrowings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5516.63px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">76,792,583&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5516.63px;left:10061.61px;letter-spacing:-4.37px;white-space:nowrap">914,725&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:0px;letter-spacing:-0.13px;white-space:nowrap">(Repayments)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:904.81px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:1070px;letter-spacing:-0.25px;white-space:nowrap">borrowings</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:8596.82px;letter-spacing:-2.69px;white-space:nowrap">(76,792,583&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5702.47px;left:10019.62px;letter-spacing:-3.5px;white-space:nowrap">(914,725&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:0px;letter-spacing:-0.37px;white-space:nowrap">Increase
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:566.85px;letter-spacing:-0.31px;white-space:nowrap">(Decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5888.31px;left:1286.02px;white-space:nowrap">in:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6074.14px;left:288px;letter-spacing:-0.5px;white-space:nowrap">Cash
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6074.14px;left:639.82px;letter-spacing:-0.65px;white-space:nowrap">overdraft</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6074.14px;left:8638.82px;letter-spacing:-3.18px;white-space:nowrap">18,156,542&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6074.14px;left:9862.82px;letter-spacing:-3.18px;white-space:nowrap">13,894,008&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Cash
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:351.82px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:1181.86px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:1504.7px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:1669.62px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:2274.27px;letter-spacing:-0.21px;white-space:nowrap">shareholders</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:8596.82px;letter-spacing:-2.69px;white-space:nowrap">(31,248,931&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6259.98px;left:9820.82px;letter-spacing:-2.69px;white-space:nowrap">(11,823,928&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:266.42px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:589.95px;letter-spacing:-0.28px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:1209.03px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:1401.52px;white-space:nowrap">(used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:1791.28px;white-space:nowrap">in)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:1984.61px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:2608.03px;white-space:nowrap">activities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:8596.82px;letter-spacing:-2.69px;white-space:nowrap">(13,092,389&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6520.82px;left:9944.02px;letter-spacing:-3.5px;white-space:nowrap">2,070,080&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6723.66px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6723.66px;left:281.12px;letter-spacing:-0.37px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6723.66px;left:878.49px;letter-spacing:-0.31px;white-space:nowrap">(decrease)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6723.66px;left:1619.5px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6723.66px;left:1782.18px;letter-spacing:-0.63px;white-space:nowrap">Cash</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6723.66px;left:9305.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6723.66px;left:10529.2px;letter-spacing:-17.5px;white-space:nowrap">&#8211;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Cash
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:351.82px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:504.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:745.63px;white-space:nowrap">beginning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:1440.86px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:1606.06px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6909.5px;left:10501.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:351.82px;letter-spacing:-0.47px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:504.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:745.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:1031.23px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:1196.42px;white-space:nowrap">period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:8179.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:9277.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:9403.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7170.34px;left:10501.2px;letter-spacing:-17.5px;white-space:nowrap">&#8212;&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:0px;letter-spacing:-0.9px;white-space:nowrap">SUPPLEMENTAL
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:1133.43px;letter-spacing:-0.38px;white-space:nowrap">DISCLOSURE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:2053.92px;white-space:nowrap">OF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:2288.7px;letter-spacing:-0.34px;white-space:nowrap">CASH
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:2711.21px;letter-spacing:-1.18px;white-space:nowrap">FLOW
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:3157.25px;letter-spacing:-0.76px;white-space:nowrap">INFORMATION</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:9095.62px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7468.18px;left:10320.32px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7691.02px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Cash
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7691.02px;left:351.82px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7691.02px;left:674.65px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7691.02px;left:886.89px;letter-spacing:-0.28px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7735.02px;left:8179.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7735.02px;left:8666.42px;letter-spacing:-3.18px;white-space:nowrap">24,425,192&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7735.02px;left:9403.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7735.02px;left:9971.61px;letter-spacing:-3.5px;white-space:nowrap">7,264,322&#8204;
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:33.01px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:504px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656669;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Financial
</div><div style="color:#656669;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2437.97px;white-space:nowrap">Highlights</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">60</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:643.59px;left:0px;position:absolute;top:0px;transform:translate(35.999px,83.782px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:603.000px">

 <div style="width:22694.4px;height:12770.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)"> <div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6765.19px;left:3457.36px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6765.19px;left:3909.41px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6765.19px;left:4087.21px;letter-spacing:-0.28px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6933.19px;left:4028.69px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7101.19px;left:3581.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7101.19px;left:3754.85px;letter-spacing:-0.38px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7101.19px;left:4361.88px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7269.19px;left:3403.46px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7269.19px;left:3871.75px;white-space:nowrap">Applicable</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7437.19px;left:3328.97px;white-space:nowrap">to
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7437.19px;left:3504.53px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7437.19px;left:4157.21px;letter-spacing:-0.42px;white-space:nowrap">Shares</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7623.03px;left:288px;letter-spacing:-0.84px;white-space:nowrap">NAC</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7808.87px;left:288px;white-space:nowrap">8/31/23(c)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7808.87px;left:4038.21px;white-space:nowrap">2.88</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7808.87px;left:4318.21px;white-space:nowrap">%(d
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7808.87px;left:4566px;white-space:nowrap">)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7994.71px;left:288px;white-space:nowrap">2/28/23</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:7994.71px;left:4328.01px;white-space:nowrap">1.73</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8180.55px;left:288px;white-space:nowrap">2/28/22</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8180.55px;left:4328.01px;white-space:nowrap">0.55</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.39px;left:288px;white-space:nowrap">2/28/21</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.39px;left:4328.01px;white-space:nowrap">0.74</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8552.23px;left:288px;white-space:nowrap">2/29/20</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8552.23px;left:4328.01px;white-space:nowrap">1.33</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8738.07px;left:288px;white-space:nowrap">2/28/19</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8738.07px;left:4328.01px;white-space:nowrap">1.45</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8923.91px;left:288px;letter-spacing:-0.56px;white-space:nowrap">NKX</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9109.75px;left:288px;white-space:nowrap">8/31/23(c)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9109.75px;left:4154.83px;white-space:nowrap">2.86</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9109.75px;left:4434.82px;white-space:nowrap">(d
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9109.75px;left:4566px;white-space:nowrap">)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9295.59px;left:288px;white-space:nowrap">2/28/23</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9295.59px;left:4328.01px;white-space:nowrap">1.76</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9481.42px;left:288px;white-space:nowrap">2/28/22</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9481.42px;left:4328.01px;white-space:nowrap">0.49</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9667.26px;left:288px;white-space:nowrap">2/28/21</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9667.26px;left:4328.01px;white-space:nowrap">0.74</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9853.1px;left:288px;white-space:nowrap">2/29/20</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9853.1px;left:4328.01px;white-space:nowrap">1.28</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10038.94px;left:288px;white-space:nowrap">2/28/19</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10038.94px;left:4328.01px;white-space:nowrap">1.45</div></div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:0px;letter-spacing:2.47px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:423.28px;letter-spacing:0.22px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1347.92px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1786.82px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1996.47px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:2316.57px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:2472.11px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:3360.24px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:3917.71px;letter-spacing:0px;white-space:nowrap">outstanding&#160;for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:5400.27px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:5876.78px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal&#160;year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:6843.89px;letter-spacing:0px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:7245.17px;letter-spacing:0px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:7898.78px;letter-spacing:0.22px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:8853.57px;letter-spacing:0.37px;white-space:nowrap">noted:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:3136.87px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:3820.74px;letter-spacing:-0.31px;white-space:nowrap">Operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:5931.19px;letter-spacing:-0.43px;white-space:nowrap">Less
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:6206.95px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:6988.97px;white-space:nowrap">to</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:5855.59px;letter-spacing:-0.21px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:6415.02px;letter-spacing:-0.18px;white-space:nowrap">Shareholders</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:8909.64px;letter-spacing:-0.21px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:9469.08px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1974.04px;left:1832.16px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:2031.84px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:1805.89px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:2044.69px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:1999.92px;letter-spacing:-0.84px;white-space:nowrap">Value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:1759.57px;white-space:nowrap">Beginning</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:1829.05px;letter-spacing:0.96px;white-space:nowrap">of
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:1981.44px;letter-spacing:-1px;white-space:nowrap">Period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:3095.28px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:2652.37px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:2592.37px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:3053.04px;white-space:nowrap">(NII)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:2974.09px;letter-spacing:-0.36px;white-space:nowrap">(Loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:4039.92px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:3701.05px;letter-spacing:-0.24px;white-space:nowrap">Realized/
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:3621.13px;letter-spacing:-0.26px;white-space:nowrap">Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:3619.09px;white-space:nowrap">Gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:3918.73px;letter-spacing:-0.36px;white-space:nowrap">(Loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:4677px;letter-spacing:-2.3px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:5607.84px;letter-spacing:-1.8px;white-space:nowrap">From</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:5732.88px;white-space:nowrap">NII
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:6311.52px;letter-spacing:-1.44px;white-space:nowrap">From
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:6637.68px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:6348.61px;letter-spacing:-0.27px;white-space:nowrap">Realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:6522.36px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:7510.92px;letter-spacing:-2.3px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:8224.45px;white-space:nowrap">Discount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:8548.08px;letter-spacing:-2px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:8408.16px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:7980.97px;letter-spacing:-0.33px;white-space:nowrap">Repurchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:8061.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:8312.28px;letter-spacing:-0.51px;white-space:nowrap">Retired</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:9126.85px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:9365.65px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:9320.88px;letter-spacing:-0.84px;white-space:nowrap">Value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:9307.32px;white-space:nowrap">End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:9563.04px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:9302.4px;letter-spacing:-1px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:10297.44px;letter-spacing:-0.36px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:10304.65px;letter-spacing:-0.86px;white-space:nowrap">Price,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:10251.96px;white-space:nowrap">End
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:10507.68px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:10247.04px;letter-spacing:-1px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2963.76px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:0px;white-space:nowrap">8/31/23(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:1919.21px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:2000.41px;white-space:nowrap">12.52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:2945.05px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:3026.25px;white-space:nowrap">0.22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:3805.69px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:3886.89px;white-space:nowrap">(0.21)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:4598.17px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:4679.37px;white-space:nowrap">0.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:5458.81px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:5540.01px;white-space:nowrap">(0.22)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:6683.44px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:7348.09px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:7429.29px;white-space:nowrap">(0.22)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:8572.72px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:8653.92px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:9240.17px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:9321.37px;white-space:nowrap">12.31
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:10184.81px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:10266.01px;white-space:nowrap">10.40
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:0px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:2000.41px;white-space:nowrap">15.07
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:3026.25px;white-space:nowrap">0.55</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:3886.89px;white-space:nowrap">(2.53)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:4595.37px;white-space:nowrap">(1.98)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:5540.01px;white-space:nowrap">(0.57)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:7429.29px;white-space:nowrap">(0.57)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:8653.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:9321.37px;white-space:nowrap">12.52
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:10266.01px;white-space:nowrap">10.87</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:0px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:2000.41px;white-space:nowrap">15.91</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:3026.25px;white-space:nowrap">0.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:3886.89px;white-space:nowrap">(0.85)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:4595.37px;white-space:nowrap">(0.19)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:5540.01px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:7429.29px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:8653.92px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:9321.37px;white-space:nowrap">15.07</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:10266.01px;white-space:nowrap">13.71
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:0px;white-space:nowrap">2/28/21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:2000.41px;white-space:nowrap">16.71
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:3026.25px;white-space:nowrap">0.64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:3886.89px;white-space:nowrap">(0.80)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:4595.37px;white-space:nowrap">(0.16)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:5540.01px;white-space:nowrap">(0.64)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:7429.29px;white-space:nowrap">(0.64)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:8653.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:9321.37px;white-space:nowrap">15.91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:10266.01px;white-space:nowrap">14.57</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:0px;white-space:nowrap">2/29/20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:2000.41px;white-space:nowrap">14.95</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:3026.25px;white-space:nowrap">0.65
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:3970.89px;white-space:nowrap">1.76</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:4679.37px;white-space:nowrap">2.41
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:5540.01px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:7429.29px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:8653.92px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:9321.37px;white-space:nowrap">16.71</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:10266.01px;white-space:nowrap">15.09
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:0px;white-space:nowrap">2/28/19</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:2000.41px;white-space:nowrap">15.17
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:3026.25px;white-space:nowrap">0.67</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:3886.89px;white-space:nowrap">(0.22)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:4679.37px;white-space:nowrap">0.45</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:5540.01px;white-space:nowrap">(0.68)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:7429.29px;white-space:nowrap">(0.68)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:8457.93px;white-space:nowrap">0.01</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:9321.37px;white-space:nowrap">14.95
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:10266.01px;white-space:nowrap">13.30</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4270.63px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:0px;white-space:nowrap">8/31/23(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:2000.41px;white-space:nowrap">12.99
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:3026.25px;white-space:nowrap">0.23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:3886.89px;white-space:nowrap">(0.18)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:4679.37px;white-space:nowrap">0.05</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:5540.01px;white-space:nowrap">(0.25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:7429.29px;white-space:nowrap">(0.25)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:8653.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:9321.37px;white-space:nowrap">12.79
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:10266.01px;white-space:nowrap">11.06</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:0px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:2000.41px;white-space:nowrap">15.64</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:3026.25px;white-space:nowrap">0.56
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:3886.89px;white-space:nowrap">(2.60)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:4595.37px;white-space:nowrap">(2.04)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:5540.01px;white-space:nowrap">(0.61)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:7429.29px;white-space:nowrap">(0.61)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:8653.92px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:9321.37px;white-space:nowrap">12.99</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:10266.01px;white-space:nowrap">11.72
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:0px;white-space:nowrap">2/28/22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:2000.41px;white-space:nowrap">16.48
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:3026.25px;white-space:nowrap">0.68</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:3886.89px;white-space:nowrap">(0.85)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:4595.37px;white-space:nowrap">(0.17)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:5540.01px;white-space:nowrap">(0.67)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:7429.29px;white-space:nowrap">(0.67)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:8653.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:9321.37px;white-space:nowrap">15.64
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:10266.01px;white-space:nowrap">14.15</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:0px;white-space:nowrap">2/28/21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:2000.41px;white-space:nowrap">17.27</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:3026.25px;white-space:nowrap">0.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:3886.89px;white-space:nowrap">(0.80)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:4595.37px;white-space:nowrap">(0.14)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:5540.01px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:7429.29px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:8653.92px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:9321.37px;white-space:nowrap">16.48</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:10266.01px;white-space:nowrap">15.13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:0px;white-space:nowrap">2/29/20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:2000.41px;white-space:nowrap">15.17
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:3026.25px;white-space:nowrap">0.63</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:3970.89px;white-space:nowrap">2.09
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:4679.37px;white-space:nowrap">2.72</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:5540.01px;white-space:nowrap">(0.62)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:6764.64px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:7429.29px;white-space:nowrap">(0.62)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:8653.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:9321.37px;white-space:nowrap">17.27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:10266.01px;white-space:nowrap">15.53</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:0px;white-space:nowrap">2/28/19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:2000.41px;white-space:nowrap">15.26</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:3026.25px;white-space:nowrap">0.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:3886.89px;white-space:nowrap">(0.11)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:4679.37px;white-space:nowrap">0.55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:5540.01px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:6764.64px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:7429.29px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:8457.93px;white-space:nowrap">0.01
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:9321.37px;white-space:nowrap">15.17</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:10266.01px;white-space:nowrap">13.50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5849.51px;left:0px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5849.51px;left:288px;letter-spacing:-1.15px;white-space:nowrap">Percentage
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5849.51px;left:1041.19px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5849.51px;left:1173.35px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5849.51px;left:1419.6px;letter-spacing:-0.38px;white-space:nowrap">annualized.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:288px;white-space:nowrap">&#8226;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:392.72px;letter-spacing:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:658.86px;letter-spacing:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:1395.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:1907.36px;letter-spacing:-0.36px;white-space:nowrap">(Loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:2304.82px;letter-spacing:-0.44px;white-space:nowrap">ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:2688.69px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:3121.98px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:3632.28px;letter-spacing:-0.12px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:4122px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:4402px;letter-spacing:-0.09px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:5038.43px;letter-spacing:-0.28px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:5608.36px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:5809.96px;letter-spacing:0px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:6230.37px;letter-spacing:-0.24px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:7005.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:7169.76px;letter-spacing:-0.5px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:7810.25px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:8253.62px;letter-spacing:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:8698.26px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:8890.48px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:9131.27px;letter-spacing:-1.68px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:9522.85px;letter-spacing:-0.42px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6035.35px;left:9951.67px;letter-spacing:-0.38px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:288px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:389.64px;letter-spacing:-0.63px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:663.62px;letter-spacing:-0.1px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:1238.17px;letter-spacing:-0.44px;white-space:nowrap">ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:1622.33px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">reflect,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:2088.1px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:2576.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:2953.85px;letter-spacing:-0.52px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:3414.02px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:3594.34px;letter-spacing:-0.28px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:4104.63px;letter-spacing:-0.09px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:4741.34px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:5021.62px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:5398.63px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:5757.86px;letter-spacing:-0.49px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:6243.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:6408.01px;letter-spacing:-0.5px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:7048.78px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:7492.43px;letter-spacing:0px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:7706.35px;letter-spacing:0px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:8386.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:8537.94px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:8952.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:9116.97px;letter-spacing:-0.25px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:9715.61px;letter-spacing:-0.19px;white-space:nowrap">Statements)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:288px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:756.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:997.09px;letter-spacing:-0.28px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:1507.38px;letter-spacing:-0.1px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:2081.93px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:2659.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:2824.06px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:3163.84px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:3529.51px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:3852.35px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:4044.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:4285.93px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:4645.58px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:4847.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:5088.54px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:5607.79px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:5889.33px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:6608.64px;letter-spacing:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:7053.55px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:7246.05px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:7487.12px;letter-spacing:0px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:7968.3px;letter-spacing:0px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:8540.61px;letter-spacing:0px;white-space:nowrap">trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:8920.42px;letter-spacing:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:9132.65px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6371.35px;left:9373.73px;letter-spacing:0px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:288px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:780.37px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:1287.44px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:1608.6px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:1801.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:2042.17px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:2401.83px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:2615.75px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:3296px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:3447.34px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:3861.45px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:4026.36px;letter-spacing:-0.25px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:4625px;letter-spacing:-0.5px;white-space:nowrap">Statements),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:5446.09px;letter-spacing:-0.42px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:5875.18px;letter-spacing:-0.35px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:6614.52px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6539.35px;left:6786.43px;letter-spacing:0px;white-space:nowrap">follows:</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">61</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:643.59px;left:0px;position:absolute;top:0px;transform:translate(-567.361px,83.782px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1136.16px">

 <div style="width:22694.4px;height:12770.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)"> <div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div>
</div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div>
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:17899.4px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:18552.08px;letter-spacing:-0.42px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:18971.8px;white-space:nowrap">Supplemental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:19956.69px;letter-spacing:-0.28px;white-space:nowrap">Data/</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:17865.95px;letter-spacing:-0.44px;white-space:nowrap">Ratios
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:18315.48px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19086.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19262.29px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19914.97px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:13427.56px;letter-spacing:-0.24px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:14080.23px;letter-spacing:-0.5px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:13503.86px;letter-spacing:-2.24px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:13868.27px;letter-spacing:-0.24px;white-space:nowrap">Returns</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:18517.29px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:18969.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:19142.38px;letter-spacing:-0.44px;white-space:nowrap">Average</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:18758.65px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:19037.25px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:13447.42px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:13652.49px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:13246.54px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:13485.34px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:13326.58px;letter-spacing:-0.63px;white-space:nowrap">Value(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:15182.47px;white-space:nowrap">Based</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:15387.55px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:15207.55px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:15100.75px;letter-spacing:-0.64px;white-space:nowrap">Price(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:17061.4px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:16862.81px;white-space:nowrap">Assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:16897.12px;white-space:nowrap">End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:17152.84px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:16547.57px;letter-spacing:-0.86px;white-space:nowrap">Period
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:16957.72px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:18509.94px;white-space:nowrap">Expenses(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:20748.39px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:20305.48px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:20528.67px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:20466.04px;letter-spacing:-0.24px;white-space:nowrap">(Loss)(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:22190.41px;letter-spacing:-0.83px;white-space:nowrap">Portfolio</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:22177.45px;letter-spacing:-1.35px;white-space:nowrap">Turnover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2790.04px;left:22433.4px;letter-spacing:-0.66px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">0.02&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:13643.64px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(2.39&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:15420.69px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:16549.98px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:16631.17px;white-space:nowrap">1,781,726</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">3.88&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:18934.5px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:19051.12px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.48&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:20669.55px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:20786.17px;white-space:nowrap">(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">7&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3152.6px;left:22577.78px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:13240.45px;letter-spacing:-4.37px;white-space:nowrap">(13.20&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:14975.5px;letter-spacing:-4.37px;white-space:nowrap">(16.78&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:16631.17px;white-space:nowrap">1,811,752
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.72&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.19&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3338.44px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">69&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(1.33&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(1.81&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:16631.17px;white-space:nowrap">2,181,074
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">1.46&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.14&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3524.28px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">12&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(0.90&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">0.88&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:16631.17px;white-space:nowrap">2,302,711
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">1.67&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.00&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3710.12px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">17&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:13282.44px;letter-spacing:-5.83px;white-space:nowrap">16.37&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">18.54&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:16631.17px;white-space:nowrap">2,418,423
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.26&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.11&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3895.96px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">11&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">3.01&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">3.79&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:16631.17px;white-space:nowrap">2,163,282
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.42&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.48&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4081.79px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">30&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">0.35&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(3.54&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:16748.77px;white-space:nowrap">607,607
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">3.90&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:18969.5px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.54&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:20704.55px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4459.47px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">6&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:13240.45px;letter-spacing:-4.37px;white-space:nowrap">(13.14&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:14975.5px;letter-spacing:-4.37px;white-space:nowrap">(13.15&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:16748.77px;white-space:nowrap">617,228
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.82&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.15&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4645.31px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">58&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(1.19&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(2.44&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:16748.77px;white-space:nowrap">742,993
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">1.51&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.10&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4831.15px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">9&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(0.77&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">1.67&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:16748.77px;white-space:nowrap">783,202
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">1.72&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.03&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5016.99px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">8&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:13282.44px;letter-spacing:-5.83px;white-space:nowrap">18.23&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">19.88&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:16748.77px;white-space:nowrap">820,662
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.27&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.91&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5202.83px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">11&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">3.73&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">1.45&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:16748.77px;white-space:nowrap">720,786
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">2.50&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">4.34&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5388.67px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">28&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5769.51px;left:12067.2px;white-space:nowrap">(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5769.51px;left:12355.2px;letter-spacing:-0.42px;white-space:nowrap">Unaudited.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5955.35px;left:12067.2px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5955.35px;left:12355.2px;letter-spacing:-0.38px;white-space:nowrap">Annualized.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">62</div></div> </div>
<div style="height:30.45px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:504px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656669;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Financial
</div><div style="color:#656669;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1422.15px;white-space:nowrap">Highlights
</div><div style="color:#656669;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:3001.66px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:643.59px;left:0px;position:absolute;top:0px;transform:translate(35.999px,83.782px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:603.000px">

 <div style="width:22694.4px;height:12770.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)"> <div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7119.03px;left:3457.36px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7119.03px;left:3909.41px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7119.03px;left:4087.21px;letter-spacing:-0.28px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7287.03px;left:4028.69px;white-space:nowrap">Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7455.03px;left:3581.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7455.03px;left:3754.85px;letter-spacing:-0.38px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7455.03px;left:4361.88px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7623.03px;left:3403.46px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7623.03px;left:3871.75px;white-space:nowrap">Applicable</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7791.03px;left:3328.97px;white-space:nowrap">to
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7791.03px;left:3504.53px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7791.03px;left:4157.21px;letter-spacing:-0.42px;white-space:nowrap">Shares</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7976.87px;left:288px;letter-spacing:-1.4px;white-space:nowrap">NCA</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8162.71px;left:288px;white-space:nowrap">8/31/23(c)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8162.71px;left:4234.21px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8162.71px;left:4318.21px;white-space:nowrap">%(d)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8348.55px;left:288px;white-space:nowrap">2/28/23</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8348.55px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8534.39px;left:288px;white-space:nowrap">2/28/22</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8534.39px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8720.23px;left:288px;white-space:nowrap">2/28/21</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8720.23px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8906.07px;left:288px;white-space:nowrap">2/29/20</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8906.07px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9091.91px;left:288px;white-space:nowrap">2/28/19</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9091.91px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:9277.75px;left:288px;letter-spacing:-1.4px;white-space:nowrap">NXC</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9463.59px;left:288px;white-space:nowrap">8/31/23(c)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9463.59px;left:4350.83px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9463.59px;left:4434.82px;white-space:nowrap">(d)&#160;
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9649.42px;left:288px;white-space:nowrap">2/28/23</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9649.42px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9835.26px;left:288px;letter-spacing:0.67px;white-space:nowrap">2/28/22(f)</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9835.26px;left:4350.83px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9835.26px;left:4434.82px;white-space:nowrap">(d)
</div></div><div> <div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10021.1px;left:288px;white-space:nowrap">3/31/21</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10021.1px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10206.94px;left:288px;white-space:nowrap">3/31/20</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10206.94px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10392.78px;left:288px;white-space:nowrap">3/31/19</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10392.78px;left:4524px;white-space:nowrap">&#8212;</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10578.62px;left:288px;white-space:nowrap">3/31/18</div></div><div>
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10578.62px;left:4524px;white-space:nowrap">&#8212;</div></div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:0px;letter-spacing:2.47px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:423.28px;letter-spacing:0.22px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1347.92px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1786.82px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:1996.47px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:2316.57px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:2472.11px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:3360.24px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:3917.71px;letter-spacing:0px;white-space:nowrap">outstanding&#160;for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:5400.27px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:5876.78px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal&#160;year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:6843.89px;letter-spacing:0px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:7245.17px;letter-spacing:0px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:7898.78px;letter-spacing:0.22px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:249.7px;left:8853.57px;letter-spacing:0.37px;white-space:nowrap">noted:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:3018.79px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:3702.66px;letter-spacing:-0.31px;white-space:nowrap">Operations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:5725.5px;letter-spacing:-0.43px;white-space:nowrap">Less
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:6001.26px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1644.2px;left:6783.28px;white-space:nowrap">to</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:5649.9px;letter-spacing:-0.21px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:6209.34px;letter-spacing:-0.18px;white-space:nowrap">Shareholders</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:8783.95px;letter-spacing:-0.21px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1788.2px;left:9343.38px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:1755.98px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:1955.66px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:1729.71px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:1968.51px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:1923.74px;letter-spacing:-0.84px;white-space:nowrap">Value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:1683.39px;white-space:nowrap">Beginning</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:1752.87px;letter-spacing:0.96px;white-space:nowrap">of
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:1905.26px;letter-spacing:-1px;white-space:nowrap">Period</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:2988.63px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:2545.72px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:2485.72px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:2946.39px;white-space:nowrap">(NII)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:2867.43px;letter-spacing:-0.36px;white-space:nowrap">(Loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:3902.8px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:3563.92px;letter-spacing:-0.24px;white-space:nowrap">Realized/
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:3484px;letter-spacing:-0.26px;white-space:nowrap">Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:3481.96px;white-space:nowrap">Gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:3781.6px;letter-spacing:-0.36px;white-space:nowrap">(Loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:4517.02px;letter-spacing:-2.3px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:5417.39px;letter-spacing:-1.8px;white-space:nowrap">From</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:5542.43px;white-space:nowrap">NII
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:6090.6px;letter-spacing:-1.44px;white-space:nowrap">From
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:6416.76px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:6127.68px;letter-spacing:-0.27px;white-space:nowrap">Realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:6301.44px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:7259.53px;letter-spacing:-2.3px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:7817.32px;white-space:nowrap">Shelf</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:7619.92px;letter-spacing:-0.45px;white-space:nowrap">Offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:7797.4px;letter-spacing:-0.29px;white-space:nowrap">Costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:1974.04px;left:8279.39px;letter-spacing:-1.05px;white-space:nowrap">Premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2142.04px;left:8600.99px;white-space:nowrap">per</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2310.04px;left:8469.11px;letter-spacing:-0.43px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:8537.39px;white-space:nowrap">Sold</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:8332.31px;letter-spacing:-0.31px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:8502.95px;white-space:nowrap">Shelf</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:8305.55px;letter-spacing:-0.45px;white-space:nowrap">Offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:9157.32px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:9396.12px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:9351.36px;letter-spacing:-0.84px;white-space:nowrap">Value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:9337.8px;white-space:nowrap">End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:9593.51px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:9332.88px;letter-spacing:-1px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:10297.44px;letter-spacing:-0.36px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:10304.65px;letter-spacing:-0.86px;white-space:nowrap">Price,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:10251.96px;white-space:nowrap">End
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:10507.68px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:10247.04px;letter-spacing:-1px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3131.76px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:0px;white-space:nowrap">8/31/23(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:1924.23px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:2005.43px;white-space:nowrap">9.22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:2838.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:2919.59px;white-space:nowrap">0.17
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:3668.57px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:3749.76px;white-space:nowrap">(0.09)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:4438.19px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:4519.39px;white-space:nowrap">0.08
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:5268.36px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:5349.56px;white-space:nowrap">(0.17)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:6462.52px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:6543.72px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:7096.7px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:7177.89px;white-space:nowrap">(0.17)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:7948.04px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:8633.67px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:9351.84px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:9433.04px;white-space:nowrap">9.13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:10266.01px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:10347.21px;white-space:nowrap">8.81
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:0px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:1924.23px;white-space:nowrap">10.32
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:2919.59px;white-space:nowrap">0.33</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:3749.76px;white-space:nowrap">(1.11)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:4435.39px;white-space:nowrap">(0.78)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:5349.56px;white-space:nowrap">(0.32)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:6543.72px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:7177.89px;white-space:nowrap">(0.32)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:8029.24px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:9433.04px;white-space:nowrap">9.22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:10347.21px;white-space:nowrap">8.72
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:0px;white-space:nowrap">2/28/22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:1924.23px;white-space:nowrap">10.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:2919.59px;white-space:nowrap">0.31</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:3749.76px;white-space:nowrap">(0.35)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:4435.39px;white-space:nowrap">(0.04)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:5349.56px;white-space:nowrap">(0.30)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:6543.72px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:7177.89px;white-space:nowrap">(0.30)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:8029.24px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:9351.84px;white-space:nowrap">10.32</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:10347.21px;white-space:nowrap">9.53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:0px;white-space:nowrap">2/28/21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:1924.23px;white-space:nowrap">11.05
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:2919.59px;white-space:nowrap">0.32</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:3749.76px;white-space:nowrap">(0.39)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:4435.39px;white-space:nowrap">(0.07)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:5349.56px;white-space:nowrap">(0.32)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:6543.72px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:7177.89px;white-space:nowrap">(0.32)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:8029.24px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:9351.84px;white-space:nowrap">10.66</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:10266.01px;white-space:nowrap">10.21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:0px;white-space:nowrap">2/29/20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:1924.23px;white-space:nowrap">10.13
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:2919.59px;white-space:nowrap">0.34</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:3833.76px;white-space:nowrap">0.92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:4519.39px;white-space:nowrap">1.26</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:5349.56px;white-space:nowrap">(0.34)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:6543.72px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:7177.89px;white-space:nowrap">(0.34)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:8029.24px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:9351.84px;white-space:nowrap">11.05</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:10266.01px;white-space:nowrap">10.45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:0px;white-space:nowrap">2/28/19</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:1924.23px;white-space:nowrap">10.19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:2919.59px;white-space:nowrap">0.34</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:3749.76px;white-space:nowrap">(0.06)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:4519.39px;white-space:nowrap">0.28</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:5349.56px;white-space:nowrap">(0.34)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:6543.72px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:7177.89px;white-space:nowrap">(0.34)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:7865.16px;white-space:nowrap">&#8212;(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:8714.87px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:9351.84px;white-space:nowrap">10.13</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:10347.21px;white-space:nowrap">9.42
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:4438.63px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:0px;white-space:nowrap">8/31/23(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:1924.23px;white-space:nowrap">13.71</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:2919.59px;white-space:nowrap">0.27
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:3749.76px;white-space:nowrap">(0.12)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:4519.39px;white-space:nowrap">0.15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:5349.56px;white-space:nowrap">(0.26)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:6543.72px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:7177.89px;white-space:nowrap">(0.26)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:9351.84px;white-space:nowrap">13.60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:10266.01px;white-space:nowrap">12.85</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:0px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:1924.23px;white-space:nowrap">15.15</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:2919.59px;white-space:nowrap">0.51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:3749.76px;white-space:nowrap">(1.46)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:4435.39px;white-space:nowrap">(0.95)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:5349.56px;white-space:nowrap">(0.49)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:6379.64px;white-space:nowrap">&#8212;(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:7177.89px;white-space:nowrap">(0.49)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:9351.84px;white-space:nowrap">13.71
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:10266.01px;white-space:nowrap">13.89</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:0px;letter-spacing:0.67px;white-space:nowrap">2/28/22(f)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:1924.23px;white-space:nowrap">15.83</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:2919.59px;white-space:nowrap">0.45
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:3749.76px;white-space:nowrap">(0.65)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:4435.39px;white-space:nowrap">(0.20)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:5349.56px;white-space:nowrap">(0.44)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:6263.73px;white-space:nowrap">(0.04)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:7177.89px;white-space:nowrap">(0.48)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:9351.84px;white-space:nowrap">15.15
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:10266.01px;white-space:nowrap">14.81</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:0px;white-space:nowrap">3/31/21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:1924.23px;white-space:nowrap">15.43</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:2919.59px;white-space:nowrap">0.51
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:3833.76px;white-space:nowrap">0.41</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:4519.39px;white-space:nowrap">0.92
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:5349.56px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:6543.72px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:7177.89px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:9351.84px;white-space:nowrap">15.83
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:10266.01px;white-space:nowrap">16.29</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:0px;white-space:nowrap">3/31/20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:1924.23px;white-space:nowrap">15.21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:2919.59px;white-space:nowrap">0.53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:3833.76px;white-space:nowrap">0.21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:4519.39px;white-space:nowrap">0.74
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:5349.56px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:6543.72px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:7177.89px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:9351.84px;white-space:nowrap">15.43
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:10266.01px;white-space:nowrap">14.50</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:0px;white-space:nowrap">3/31/19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:1924.23px;white-space:nowrap">15.02</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:2919.59px;white-space:nowrap">0.50
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:3833.76px;white-space:nowrap">0.19</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:4519.39px;white-space:nowrap">0.69
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:5349.56px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:6543.72px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:7177.89px;white-space:nowrap">(0.52)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:7833.25px;white-space:nowrap">0.02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:8714.87px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:9351.84px;white-space:nowrap">15.21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:10266.01px;white-space:nowrap">14.12</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:0px;white-space:nowrap">3/31/18
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:1924.23px;white-space:nowrap">15.00</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:2919.59px;white-space:nowrap">0.57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:3833.76px;white-space:nowrap">0.09</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:4519.39px;white-space:nowrap">0.66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:5349.56px;white-space:nowrap">(0.58)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:6263.73px;white-space:nowrap">(0.06)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:7177.89px;white-space:nowrap">(0.64)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:8029.24px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:8550.79px;white-space:nowrap">&#8212;(e)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:9351.84px;white-space:nowrap">15.02
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:10266.01px;white-space:nowrap">13.90</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:0px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:288px;letter-spacing:-1.15px;white-space:nowrap">Percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:1041.19px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:1173.35px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6203.35px;left:1419.6px;letter-spacing:-0.38px;white-space:nowrap">annualized.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:288px;white-space:nowrap">&#8226;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:392.72px;letter-spacing:0px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:658.86px;letter-spacing:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:1395.67px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:1907.36px;letter-spacing:-0.36px;white-space:nowrap">(Loss)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:2304.82px;letter-spacing:-0.44px;white-space:nowrap">ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:2688.69px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:3121.98px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:3632.28px;letter-spacing:-0.12px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:4122px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:4402px;letter-spacing:-0.09px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:5038.43px;letter-spacing:-0.28px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:5608.36px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:5809.96px;letter-spacing:0px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:6230.37px;letter-spacing:-0.24px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:7005.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:7169.76px;letter-spacing:-0.5px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:7810.25px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:8253.62px;letter-spacing:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:8698.26px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:8890.48px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:9131.27px;letter-spacing:-1.68px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:9522.85px;letter-spacing:-0.42px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6389.19px;left:9951.67px;letter-spacing:-0.38px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:288px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:389.64px;letter-spacing:-0.63px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:663.62px;letter-spacing:-0.1px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:1238.17px;letter-spacing:-0.44px;white-space:nowrap">ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:1622.33px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">reflect,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:2088.1px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:2576.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:2953.85px;letter-spacing:-0.52px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:3414.02px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:3594.34px;letter-spacing:-0.28px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:4104.63px;letter-spacing:-0.09px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:4741.34px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:5021.62px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:5398.63px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:5757.86px;letter-spacing:-0.49px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:6243.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:6408.01px;letter-spacing:-0.5px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:7048.78px;letter-spacing:-0.36px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:7492.43px;letter-spacing:0px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:7706.35px;letter-spacing:0px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:8386.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:8537.94px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:8952.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:9116.97px;letter-spacing:-0.25px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6557.19px;left:9715.61px;letter-spacing:-0.19px;white-space:nowrap">Statements)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:288px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:756.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:997.09px;letter-spacing:-0.28px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:1507.38px;letter-spacing:-0.1px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:2081.93px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:2659.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:2824.06px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:3163.84px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:3529.51px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:3852.35px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:4044.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:4285.93px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:4645.58px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:4847.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:5088.54px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:5607.79px;letter-spacing:-0.62px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:5889.33px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:6608.64px;letter-spacing:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:7053.55px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:7246.05px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:7487.12px;letter-spacing:0px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:7968.3px;letter-spacing:0px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:8540.61px;letter-spacing:0px;white-space:nowrap">trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:8920.42px;letter-spacing:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:9132.65px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6725.19px;left:9373.73px;letter-spacing:0px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:288px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:780.37px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:1287.44px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:1608.6px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:1801.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:2042.17px;letter-spacing:-1.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:2401.83px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:2615.75px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:3296px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:3447.34px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:3861.45px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:4026.36px;letter-spacing:-0.25px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:4625px;letter-spacing:-0.5px;white-space:nowrap">Statements),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:5446.09px;letter-spacing:-0.42px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:5875.18px;letter-spacing:-0.35px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:6614.52px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6893.19px;left:6786.43px;letter-spacing:0px;white-space:nowrap">follows:</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:14.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,734.436px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:214.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.52px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8179.54px;white-space:nowrap">See
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8490.9px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:8956.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9141.45px;letter-spacing:-0.29px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-style:italic;position:absolute;top:0px;left:9822.41px;letter-spacing:-0.26px;white-space:nowrap">Statements</div></div> </div>
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">63</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:643.59px;left:0px;position:absolute;top:0px;transform:translate(-567.361px,83.782px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1136.16px">

 <div style="width:22694.4px;height:12770.96px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)"> <div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div>
</div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div> </div><div>
</div><div> </div><div> </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:17899.4px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:18552.08px;letter-spacing:-0.42px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:18971.8px;white-space:nowrap">Supplemental
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1236.12px;left:19956.69px;letter-spacing:-0.28px;white-space:nowrap">Data/</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:17865.95px;letter-spacing:-0.44px;white-space:nowrap">Ratios
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:18315.48px;white-space:nowrap">Applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19086.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19262.29px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1404.12px;left:19914.97px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:13427.56px;letter-spacing:-0.24px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:14080.23px;letter-spacing:-0.5px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:13503.86px;letter-spacing:-2.24px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:13868.27px;letter-spacing:-0.24px;white-space:nowrap">Returns</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:18517.29px;letter-spacing:-0.44px;white-space:nowrap">Ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:18969.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1605.08px;left:19142.38px;letter-spacing:-0.44px;white-space:nowrap">Average</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:18758.65px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1773.08px;left:19037.25px;white-space:nowrap">Assets</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:13447.42px;white-space:nowrap">Based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:13652.49px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:13246.54px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:13485.34px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:13326.58px;letter-spacing:-0.63px;white-space:nowrap">Value(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:15182.47px;white-space:nowrap">Based</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:15387.55px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:15207.55px;letter-spacing:-0.43px;white-space:nowrap">Share</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:15100.75px;letter-spacing:-0.64px;white-space:nowrap">Price(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:17061.4px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:16862.81px;white-space:nowrap">Assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:16897.12px;white-space:nowrap">End
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:17152.84px;white-space:nowrap">of</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:16547.57px;letter-spacing:-0.86px;white-space:nowrap">Period
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:16957.72px;white-space:nowrap">(000)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:18509.94px;white-space:nowrap">Expenses(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2478.04px;left:20748.39px;white-space:nowrap">Net</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:20305.48px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:20528.67px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:20466.04px;letter-spacing:-0.24px;white-space:nowrap">(Loss)(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2646.04px;left:22190.41px;letter-spacing:-0.83px;white-space:nowrap">Portfolio</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2814.04px;left:22177.45px;letter-spacing:-1.35px;white-space:nowrap">Turnover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;font-weight:bold;position:absolute;top:2958.04px;left:22433.4px;letter-spacing:-0.66px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">0.90&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:13643.64px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">3.05&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:15378.69px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:16667.57px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:16748.77px;white-space:nowrap">302,295</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.53&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:18934.5px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:19051.12px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.72&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:20669.55px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:20786.17px;white-space:nowrap">(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">5&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3320.6px;left:22577.78px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(7.58&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(5.13&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:16748.77px;white-space:nowrap">305,143
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.53&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.52&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3506.44px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">58&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(0.43&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(3.89&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:16748.77px;white-space:nowrap">341,804
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.56&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">2.85&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3692.28px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">6&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(0.62&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">0.73&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:16748.77px;white-space:nowrap">299,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.60&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">2.94&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3878.12px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">9&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:13282.44px;letter-spacing:-5.83px;white-space:nowrap">12.63&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">14.67&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:16748.77px;white-space:nowrap">310,278
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.52&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.22&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4063.96px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">8&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">2.82&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">2.31&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:16748.77px;white-space:nowrap">284,624
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.62&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.38&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4249.79px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">38&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">1.09&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(5.64&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:16829.97px;white-space:nowrap">86,556
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.35&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:18969.5px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.82&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:20704.55px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4627.47px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">3&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(6.23&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(2.77&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:16829.97px;white-space:nowrap">87,224
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.36&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.63&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4813.31px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">43&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(1.34&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(6.27&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:16829.97px;white-space:nowrap">96,352
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.35&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:18969.5px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.14&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:20704.55px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4999.15px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">9&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:13321.64px;letter-spacing:-5px;white-space:nowrap">(6.05&#8204;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:15017.5px;letter-spacing:-5.83px;white-space:nowrap">16.13&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:16748.77px;white-space:nowrap">100,600
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.35&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.26&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5184.99px;left:22496.58px;letter-spacing:-17.5px;white-space:nowrap">5&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">4.86&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">6.26&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:16829.97px;white-space:nowrap">98,013
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.36&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.41&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5370.83px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">10&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">4.82&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:15098.7px;letter-spacing:-7px;white-space:nowrap">5.44&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:16829.97px;white-space:nowrap">96,573
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.55&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.38&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5556.67px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">23&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:13363.64px;letter-spacing:-7px;white-space:nowrap">4.37&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:15056.7px;letter-spacing:-5px;white-space:nowrap">(2.23&#8204;)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:16829.97px;white-space:nowrap">95,357
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:18654.51px;letter-spacing:-7px;white-space:nowrap">0.37&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:20389.56px;letter-spacing:-7px;white-space:nowrap">3.73&#8204;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5742.51px;left:22415.38px;letter-spacing:-11.67px;white-space:nowrap">20&#8204;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6123.35px;left:12067.2px;white-space:nowrap">(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6123.35px;left:12355.2px;letter-spacing:-0.42px;white-space:nowrap">Unaudited.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6309.19px;left:12067.2px;white-space:nowrap">(d)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6309.19px;left:12355.2px;letter-spacing:-0.38px;white-space:nowrap">Annualized.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6495.03px;left:12067.2px;white-space:nowrap">(e)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6495.03px;left:12355.2px;letter-spacing:-0.98px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6495.03px;left:12743px;letter-spacing:-0.31px;white-space:nowrap">rounded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6495.03px;left:13332.53px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6495.03px;left:13497.45px;letter-spacing:-1.68px;white-space:nowrap">zero.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:12067.2px;letter-spacing:2.24px;white-space:nowrap">(f)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:12355.2px;letter-spacing:-1.68px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:12598.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:12839.17px;white-space:nowrap">eleven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:13299.35px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:13813px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:14267.85px;letter-spacing:-0.75px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:14869.29px;letter-spacing:-1.05px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6680.87px;left:15098.88px;white-space:nowrap">2022</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">64</div></div> </div>
<div style="height:114.86px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:2145.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2437.97px;white-space:nowrap">Highlights
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:5145.7px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:613.05px;left:0px;position:absolute;top:0px;transform:translate(36.000px,135.639px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12160.28px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:412.55px;letter-spacing:-0.77px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:1368.94px;letter-spacing:-0.36px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:1884.45px;letter-spacing:0.38px;white-space:nowrap">sets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:2292.2px;letter-spacing:-0.2px;white-space:nowrap">forth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:2829.31px;letter-spacing:-0.88px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:4044.41px;letter-spacing:-1.03px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:5020.96px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:5512.47px;letter-spacing:-0.82px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:6202.22px;letter-spacing:-0.86px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:7401.97px;letter-spacing:-0.14px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:8052.6px;letter-spacing:0.41px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:9011.6px;letter-spacing:-0.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:9258.8px;letter-spacing:-0.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:278.52px;left:9503.83px;letter-spacing:0.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:0px;letter-spacing:-0.24px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:413.51px;letter-spacing:-0.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:658.55px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:1150.06px;letter-spacing:-0.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:1395.1px;letter-spacing:0.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:1753.41px;letter-spacing:-0.82px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:2443.16px;letter-spacing:-0.24px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:2823.79px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">five
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:3216.19px;text-rendering:optimizeLegibility;letter-spacing:0.45px;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:3757.85px;letter-spacing:0.56px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:4590.38px;letter-spacing:-0.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:240px;position:absolute;top:566.52px;left:4837.58px;letter-spacing:-1.2px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1437px;left:6056.33px;white-space:nowrap">MFP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1437px;left:6395.27px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1437px;left:8031.18px;white-space:nowrap">VRDP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1437px;left:8452.43px;letter-spacing:-0.42px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1805.96px;left:5867.07px;letter-spacing:-0.44px;white-space:nowrap">Aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1997.96px;left:6051.03px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2189.96px;left:5742.47px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2357.96px;left:6053.13px;white-space:nowrap">(000)(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1637.96px;left:7089.47px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1829.96px;left:6804.15px;letter-spacing:-0.49px;white-space:nowrap">Coverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1997.96px;left:7237.72px;letter-spacing:-1.75px;white-space:nowrap">Per
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2189.96px;left:6784.13px;white-space:nowrap">$100,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2357.96px;left:6886.47px;letter-spacing:-0.31px;white-space:nowrap">Share(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1853.96px;left:7883.07px;letter-spacing:-0.44px;white-space:nowrap">Aggregate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2021.96px;left:8067.03px;white-space:nowrap">Amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2189.96px;left:7758.47px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2357.96px;left:8069.13px;white-space:nowrap">(000)(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1685.96px;left:9105.47px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1853.96px;left:8820.15px;letter-spacing:-0.49px;white-space:nowrap">Coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2021.96px;left:9253.72px;letter-spacing:-1.75px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2189.96px;left:8800.13px;white-space:nowrap">$100,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2357.96px;left:8902.47px;letter-spacing:-0.31px;white-space:nowrap">Share(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1685.96px;left:10257.47px;white-space:nowrap">Asset</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:1853.96px;left:9972.15px;letter-spacing:-0.49px;white-space:nowrap">Coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2021.96px;left:10189.84px;letter-spacing:-1.75px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2021.96px;left:10446.32px;white-space:nowrap">$1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2189.96px;left:9854.55px;letter-spacing:-0.13px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2357.96px;left:9730.23px;letter-spacing:-0.85px;white-space:nowrap">Preference(c)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:2543.8px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:0px;white-space:nowrap">8/31/23(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:5990.41px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:6854.41px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:6935.61px;white-space:nowrap">245,115</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:8006.41px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:8087.61px;white-space:nowrap">907,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:8870.41px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:8951.61px;white-space:nowrap">245,115</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:10266.01px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2729.64px;left:10347.21px;white-space:nowrap">2.45</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:0px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:6935.61px;white-space:nowrap">247,561
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:8087.61px;white-space:nowrap">907,800</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:8951.61px;white-space:nowrap">247,561
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:2915.48px;left:10347.21px;white-space:nowrap">2.48</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:0px;white-space:nowrap">2/28/22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:6935.61px;white-space:nowrap">270,716
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:8087.61px;white-space:nowrap">957,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:8951.61px;white-space:nowrap">270,716
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3101.32px;left:10347.21px;white-space:nowrap">2.71</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:0px;white-space:nowrap">2/28/21
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:6935.61px;white-space:nowrap">280,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:8087.61px;white-space:nowrap">957,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:8951.61px;white-space:nowrap">280,237
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3287.16px;left:10347.21px;white-space:nowrap">2.80</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:0px;white-space:nowrap">2/29/20
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:6935.61px;white-space:nowrap">289,294
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:8087.61px;white-space:nowrap">957,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:8951.61px;white-space:nowrap">289,294
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3473px;left:10347.21px;white-space:nowrap">2.89</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:0px;white-space:nowrap">2/28/19
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:6071.61px;white-space:nowrap">320,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:6935.61px;white-space:nowrap">269,324
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:8087.61px;white-space:nowrap">957,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:8951.61px;white-space:nowrap">269,324
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:3658.84px;left:10347.21px;white-space:nowrap">2.69</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:3844.67px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:0px;white-space:nowrap">8/31/23(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:6935.61px;white-space:nowrap">253,011</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:8087.61px;white-space:nowrap">256,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:8951.61px;white-space:nowrap">253,011</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4030.51px;left:10347.21px;white-space:nowrap">2.53
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:0px;white-space:nowrap">2/28/23</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:6935.61px;white-space:nowrap">255,434</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:8087.61px;white-space:nowrap">256,700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:8951.61px;white-space:nowrap">255,434</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4216.35px;left:10347.21px;white-space:nowrap">2.55
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:0px;white-space:nowrap">2/28/22</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:6935.61px;white-space:nowrap">271,751</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:8087.61px;white-space:nowrap">292,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:8951.61px;white-space:nowrap">271,751</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4402.19px;left:10347.21px;white-space:nowrap">2.72
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:0px;white-space:nowrap">2/28/21</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:6935.61px;white-space:nowrap">281,045</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:8087.61px;white-space:nowrap">292,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:8951.61px;white-space:nowrap">281,045</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4588.03px;left:10347.21px;white-space:nowrap">2.81
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:0px;white-space:nowrap">2/29/20</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:6935.61px;white-space:nowrap">289,705</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:8087.61px;white-space:nowrap">292,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:8951.61px;white-space:nowrap">289,705</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4773.87px;left:10347.21px;white-space:nowrap">2.90
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:0px;white-space:nowrap">2/28/19</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:6071.61px;white-space:nowrap">140,400
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:6935.61px;white-space:nowrap">266,617</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:8087.61px;white-space:nowrap">292,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:8951.61px;white-space:nowrap">266,617</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:4959.71px;left:10347.21px;white-space:nowrap">2.67
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:0px;white-space:nowrap">(a)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:547.2px;letter-spacing:-0.45px;white-space:nowrap">Aggregate
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:1371.99px;white-space:nowrap">Amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:1999.66px;white-space:nowrap">Outstanding:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:3000.61px;letter-spacing:-0.45px;white-space:nowrap">Aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:3828.28px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:4429.39px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:5346.98px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:6158.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:6433.84px;letter-spacing:-0.13px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:7255.91px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:8093.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:8289.66px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:8478.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:8753.97px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:9080.36px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:9269.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:9544.68px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5235.55px;left:10169.95px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5427.55px;left:547.2px;letter-spacing:-2.69px;white-space:nowrap">year.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:0px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:547.2px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:983.51px;letter-spacing:-0.43px;white-space:nowrap">Coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:1737.9px;letter-spacing:-2.88px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:2008.3px;white-space:nowrap">$100,000:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:2784.6px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:3220.91px;letter-spacing:-0.21px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:3942.02px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:4232.74px;white-space:nowrap">$100,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:4963.92px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:5114.96px;letter-spacing:-0.15px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:5901.99px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:6121.99px;letter-spacing:-0.16px;white-space:nowrap">subtracting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:6984.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:7260.05px;letter-spacing:-2.06px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:7769.97px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:8451.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:8771.56px;white-space:nowrap">indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5628.51px;left:9810.58px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:547.2px;letter-spacing:-0.48px;white-space:nowrap">represented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:1480.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:1700.94px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:2191.81px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:2918.2px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:3299.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:3574.67px;letter-spacing:-2.06px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:4084.59px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:4449.54px;letter-spacing:-0.6px;white-space:nowrap">assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:4967.13px;white-space:nowrap">dividing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:5603.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:5878.64px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:6319.91px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:6539.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:6815.42px;letter-spacing:-0.45px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:7616.53px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:8217.64px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:8406.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:8681.96px;letter-spacing:-2.06px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:9191.87px;white-space:nowrap">senior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5820.51px;left:9682.74px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:547.2px;letter-spacing:-0.44px;white-space:nowrap">representing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:1521.58px;white-space:nowrap">indebtedness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:2560.61px;white-space:nowrap">then
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:2929.08px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:3846.67px;letter-spacing:0.96px;white-space:nowrap">(if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:4025.7px;white-space:nowrap">applicable,)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:4923.45px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:5269.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:5544.89px;letter-spacing:-0.45px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:6345.99px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:6534.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:6810.31px;white-space:nowrap">involuntary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:7657.17px;letter-spacing:-0.13px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:8479.25px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:9316.52px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6012.51px;left:9505.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:547.2px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:1464.79px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:2197.1px;letter-spacing:-0.96px;white-space:nowrap">shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:2740.93px;letter-spacing:1.28px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:2871.96px;letter-spacing:-0.4px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:3716.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:4037.23px;white-space:nowrap">multiplying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:4896.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:5172.1px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:5613.37px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6204.51px;left:5833.37px;letter-spacing:-0.6px;white-space:nowrap">100,000.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:0px;white-space:nowrap">(c)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:547.2px;white-space:nowrap">Includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:1199.51px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:1405.59px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:2137.9px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:2644.93px;letter-spacing:-0.29px;white-space:nowrap">presented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:3432.44px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:3675px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6405.47px;left:3950.51px;letter-spacing:-1.92px;white-space:nowrap">Fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6606.43px;left:0px;white-space:nowrap">(d)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6606.43px;left:547.2px;letter-spacing:-0.48px;white-space:nowrap">Unaudited.
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:114.86px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:2145.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1541.25px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2159.06px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4597.03px;white-space:nowrap">Statements</div><div style="color:#656769;font-family:Georgia, serif;font-size:340px;position:absolute;top:482.43px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">65</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:612.09px;left:0px;position:absolute;top:0px;transform:translate(36.000px,136.601px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12160.28px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.08px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:0px;white-space:nowrap">1.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:360px;white-space:nowrap">General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:1236.03px;letter-spacing:0.33px;white-space:nowrap">Information&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:388.92px;left:0px;letter-spacing:-1.51px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:388.92px;left:480.96px;letter-spacing:-0.16px;white-space:nowrap">Information</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:1510.91px;white-space:nowrap">:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:1599.87px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:1914.1px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:2349.78px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:2969.29px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:3141.13px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:3434.25px;letter-spacing:-0.41px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:3916.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:4231.04px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:4598.07px;letter-spacing:-0.21px;white-space:nowrap">corresponding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:5679.5px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:6052.93px;letter-spacing:-2.94px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:6399.65px;white-space:nowrap">Stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:6835.32px;white-space:nowrap">Exchange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:7576.6px;white-space:nowrap">(&#8220;NYSE&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:8270.51px;white-space:nowrap">symbols
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:8895.78px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:9162.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:9358.18px;white-space:nowrap">follows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:9900.25px;white-space:nowrap">(each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:404.04px;left:10324.4px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:596.04px;left:0px;white-space:nowrap">&#8220;Fund&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:596.04px;left:575.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:596.04px;left:889.44px;letter-spacing:-1.05px;white-space:nowrap">collectively,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:596.04px;left:1751.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:596.04px;left:2027.18px;white-space:nowrap">&#8220;Funds&#8221;):</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:630px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:1231.92px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:1957.5px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:2514.46px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:3252.37px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:3825.32px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:932.04px;left:4234.44px;white-space:nowrap">(NAC)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:630px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:1231.92px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:1957.5px;letter-spacing:-2.61px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:2695.74px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:3252.69px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:3990.61px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:4563.56px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1268.04px;left:4972.68px;white-space:nowrap">(NKX)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:630px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:1231.92px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:1957.5px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:2695.42px;letter-spacing:-1.47px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:3128.22px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1604.04px;left:3537.33px;white-space:nowrap">(NCA)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:630px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:1231.92px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:1957.5px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:2437.5px;letter-spacing:-2.29px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:3086.62px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:3659.57px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1940.04px;left:4310.91px;white-space:nowrap">(NXC)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:314.24px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:791.52px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:1058.23px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:1825.27px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:2287.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:2563.02px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:3393.41px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:4128.6px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:4413.08px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:4599.79px;white-space:nowrap">1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:5000.11px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:5317.23px;white-space:nowrap">&#8220;1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:5800.59px;white-space:nowrap">Act&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:6254.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:6449.86px;white-space:nowrap">amended,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:7220.58px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:7416.26px;text-rendering:optimizeLegibility;white-space:nowrap">diversified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:8195.29px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2276.04px;left:9034px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:826.55px;white-space:nowrap">companies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:1689.1px;white-space:nowrap">NAC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:2124.94px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:2495.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:2809.73px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:3192.13px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:3580.29px;letter-spacing:-0.29px;white-space:nowrap">organized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:4332.92px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:4528.6px;white-space:nowrap">Massachusetts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:5604.43px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:6256.42px;white-space:nowrap">trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:6685.53px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:6913.85px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:7708.09px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:7886.01px;white-space:nowrap">1998,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:8330.81px;white-space:nowrap">July
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:8656.88px;white-space:nowrap">29,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:8923.76px;white-space:nowrap">2002,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:9368.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:9682.8px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2468.04px;left:10169.04px;white-space:nowrap">30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:0px;white-space:nowrap">1992,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:444.8px;letter-spacing:-1.26px;white-space:nowrap">respectively.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:1363.35px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:1754.71px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:2065.9px;letter-spacing:-0.29px;white-space:nowrap">organized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:2818.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:3014.21px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:3141.73px;white-space:nowrap">Massachusetts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:4217.56px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:4869.56px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:5230.51px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:5458.83px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:5945.07px;white-space:nowrap">8,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:6122.99px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:6523.31px;letter-spacing:-0.24px;white-space:nowrap">(previously
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:7329.38px;letter-spacing:-0.29px;white-space:nowrap">organized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:8082.01px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:8277.69px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:8405.21px;white-space:nowrap">Minnesota
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:9196.56px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:9557.51px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:9785.83px;white-space:nowrap">July
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2660.04px;left:10111.9px;white-space:nowrap">15,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2852.04px;left:0px;white-space:nowrap">1987).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3196.92px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Current
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3196.92px;left:705.24px;letter-spacing:-0.46px;white-space:nowrap">Fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3196.92px;left:1234.97px;letter-spacing:-1.29px;white-space:nowrap">Period:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:1909.44px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:2223.68px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:2543.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:2730.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:3006.07px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:3713.74px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:4229.09px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:4468.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:4744.44px;letter-spacing:0px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:5221.72px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:5372.76px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:5923.95px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:6190.83px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:6635.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:6949.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:7225.39px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:7740.74px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:8360.25px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:8579.61px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:9012.25px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:9486.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3212.04px;left:9678.8px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:0px;white-space:nowrap">Statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:847.19px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:998.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:1273.75px;white-space:nowrap">six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:1501.9px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:2076.77px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:2583.65px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:3134.85px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:3401.73px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:3802.05px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:4119.16px;letter-spacing:-0.32px;white-space:nowrap">&quot;current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:4747.16px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3404.04px;left:5144.27px;white-space:nowrap">period&quot;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3748.92px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3748.92px;left:1022.57px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3748.92px;left:1736.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3748.92px;left:2112.27px;white-space:nowrap">Sub-Adviser</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:3174.97px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:3263.93px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:3578.17px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:4079.29px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:4905.84px;letter-spacing:0px;white-space:nowrap">adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:5456.87px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:5607.91px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:6209.83px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:6618.95px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:7315.26px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:7632.38px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:7949.49px;white-space:nowrap">&#8220;Adviser&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:8779.4px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:8906.92px;white-space:nowrap">subsidiary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:9662.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3764.04px;left:9848.99px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:0px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:317.12px;white-space:nowrap">(&#8220;Nuveen&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:1212.8px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:1814.71px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:1965.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:2241.27px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:3067.82px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:4057.73px;letter-spacing:0.72px;white-space:nowrap">arm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:4377.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:4564.28px;letter-spacing:-1.97px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:5231.16px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:5955.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:6269.39px;white-space:nowrap">Annuity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:6859.14px;white-space:nowrap">Association
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:7718.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:7905.21px;white-space:nowrap">America
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:8536.4px;white-space:nowrap">(TIAA).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:9062.15px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:9376.39px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3956.04px;left:9954.14px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:0px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:518.39px;letter-spacing:-0.19px;white-space:nowrap">responsibility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:1501.57px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:1741.41px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:2731.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:2918.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:3193.55px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:3715.31px;white-space:nowrap">oversees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:4388.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:4663.62px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:5653.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:5840.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:6115.77px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:6634.65px;white-space:nowrap">portfolios,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:7404.55px;white-space:nowrap">manages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:8095.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:8370.78px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:8889.66px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:9541.65px;letter-spacing:-0.36px;white-space:nowrap">affairs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4148.04px;left:10003.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:657.75px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:1184.94px;white-space:nowrap">clerical,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:1768.45px;white-space:nowrap">bookkeeping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:2755.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:3069.72px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:3493.23px;white-space:nowrap">administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:4535.62px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:5184.57px;white-space:nowrap">and,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:5543.29px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:5673.53px;letter-spacing:-1.34px;white-space:nowrap">necessary,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:6441.36px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:6847.28px;white-space:nowrap">allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:7581.98px;white-space:nowrap">decisions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:8331.73px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:8645.97px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:9223.72px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4340.04px;left:9508.36px;letter-spacing:-0.36px;white-space:nowrap">entered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:0px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:319.83px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:1262.06px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:2151.01px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:2491.49px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:3093.41px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:3526.04px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:4566.51px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:4883.63px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:5200.75px;white-space:nowrap">&#8220;Sub-Adviser&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:6359.62px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:6487.14px;white-space:nowrap">subsidiary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:7242.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:7429.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:7704.72px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:8312.23px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:8774.47px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:9227.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4532.04px;left:9503.42px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:0px;white-space:nowrap">manages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:690.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:966.23px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:1792.78px;white-space:nowrap">portfolios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:2518.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:2704.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4724.04px;left:2980.44px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:0px;white-space:nowrap">Developments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:1322.98px;letter-spacing:-0.54px;white-space:nowrap">Regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:2281.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:2612.13px;letter-spacing:-1.08px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:3232.58px;letter-spacing:-0.67px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:3927.74px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:5068.92px;left:4467.37px;letter-spacing:0px;white-space:nowrap">By-Law:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:5205.38px;white-space:nowrap">On
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:5472.26px;white-space:nowrap">October
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:6115.13px;white-space:nowrap">5,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:6293.05px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:6737.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:7013.36px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:7490.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:7804.88px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:8332.07px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:8755.59px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:9594.3px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5084.04px;left:10029.97px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:275.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:877.44px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:1244.95px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:1899.99px;white-space:nowrap">amended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:2626.22px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:2993.25px;white-space:nowrap">by-laws.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:3615.49px;white-space:nowrap">Among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:4187.64px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:4611.15px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:5135.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:5410.98px;white-space:nowrap">amended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:6137.22px;white-space:nowrap">by-laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:6714.97px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:7375.76px;letter-spacing:-0.26px;white-space:nowrap">provisions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:8137.19px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:8803.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:8996.22px;white-space:nowrap">which,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:9494.14px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5276.04px;left:9665.97px;letter-spacing:-1.64px;white-space:nowrap">summary,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:127.52px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:1013.43px;white-space:nowrap">who
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:1357.27px;white-space:nowrap">obtains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:1926.06px;text-rendering:optimizeLegibility;white-space:nowrap">beneficial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:2658.05px;white-space:nowrap">ownership
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:3437.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:3623.96px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:4296.91px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:4788.9px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:4960.74px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:5088.26px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:5665.85px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:6110.49px;white-space:nowrap">Acquisition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:6948.88px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:7186.15px;text-rendering:optimizeLegibility;white-space:nowrap">defined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:7778.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:7950.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:8226.31px;white-space:nowrap">by-laws)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:8845.66px;white-space:nowrap">shall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:9207.09px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:9589.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5468.04px;left:9865.17px;white-space:nowrap">same
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:0px;white-space:nowrap">voting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:494.71px;white-space:nowrap">rights
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:938.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:1134.38px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:1557.9px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:2230.85px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:3184.92px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:3528.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:3721.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:3996.75px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:4491.46px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:5291.29px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:5510.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:5786.16px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:6209.68px;letter-spacing:-0.21px;white-space:nowrap">disinterested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:7175.1px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:8129.17px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:8446.29px;letter-spacing:-0.32px;white-space:nowrap">&#8220;Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:9106.92px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:9551.56px;white-space:nowrap">By-Law&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5660.04px;left:10274.91px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:0px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:595.83px;white-space:nowrap">14,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:862.71px;white-space:nowrap">2021,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:1307.51px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:1435.03px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:2320.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:2507.66px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:3034.85px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:3636.77px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:4475.48px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:4911.16px;text-rendering:optimizeLegibility;white-space:nowrap">filed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:5266.67px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:5394.19px;white-space:nowrap">civil
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:5708.11px;white-space:nowrap">complaint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:6460.58px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:6632.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:6907.93px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:7240.09px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:7784.56px;white-space:nowrap">Court
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:8231.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:8471.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:8747.1px;letter-spacing:0.32px;white-space:nowrap">Southern
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:9440.37px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:9984.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5852.04px;left:10171.56px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:0px;letter-spacing:-2.94px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:346.71px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:663.83px;white-space:nowrap">&#8220;District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:1291.34px;white-space:nowrap">Court&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:1863.17px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:2420.12px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:2947.31px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:3549.23px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:3984.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:4299.15px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:4666.18px;white-space:nowrap">trustees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:5317.69px;white-space:nowrap">seeking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:5910.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:6038.01px;white-space:nowrap">declaration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:6879.27px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:7201.99px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:7569.67px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:8046.94px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:8624.53px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:9069.17px;white-space:nowrap">By-Laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:9691.56px;white-space:nowrap">violate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6044.04px;left:10209.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:0px;white-space:nowrap">1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:400.32px;white-space:nowrap">Act,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:729.27px;letter-spacing:-0.26px;white-space:nowrap">rescission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:1455.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:1641.9px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:2009.58px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:2469.1px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:3046.69px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:3491.33px;white-space:nowrap">By-Laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:4113.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:4427.96px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:4555.48px;letter-spacing:0.29px;white-space:nowrap">permanent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:5382.03px;white-space:nowrap">injunction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:6122.66px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:6679.61px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:7047.29px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:7482.96px;white-space:nowrap">applying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:8146.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:8422.15px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:8999.74px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:9444.38px;white-space:nowrap">By-Laws.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6236.04px;left:10111.25px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:0px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:675.51px;white-space:nowrap">18,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:942.39px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:1387.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:1662.71px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:2207.18px;white-space:nowrap">Court
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:2654.37px;white-space:nowrap">granted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:3261.56px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:3996.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:4168.11px;white-space:nowrap">favor</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:4568.11px;white-space:nowrap">of
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:4754.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:5030.34px;letter-spacing:-1.48px;white-space:nowrap">plaintiff&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:5699.61px;white-space:nowrap">claim
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:6117.36px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:6357.19px;letter-spacing:-0.26px;white-space:nowrap">rescission
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:7083.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:7269.82px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:7637.5px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:8114.78px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:8692.37px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:9137px;white-space:nowrap">By-Laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:9759.4px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6428.04px;left:10073.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:0px;letter-spacing:-1.48px;white-space:nowrap">plaintiff&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:669.27px;white-space:nowrap">declaratory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:1513.41px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:2248.13px;white-space:nowrap">claim,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:2710.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:3024.6px;letter-spacing:-0.32px;white-space:nowrap">declared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:3691.31px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:4014.03px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:4381.7px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:4858.98px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:5436.57px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:5881.21px;white-space:nowrap">By-Laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:6503.6px;white-space:nowrap">violate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:7021.99px;white-space:nowrap">Section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:7596.87px;white-space:nowrap">18(</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:7816.38px;white-space:nowrap">i
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:7854.78px;white-space:nowrap">)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:7940.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:8127.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:8403.1px;white-space:nowrap">1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:8803.42px;white-space:nowrap">Act.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:9132.37px;white-space:nowrap">Following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:9873px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6620.04px;left:10376.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:275.52px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:1010.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:1196.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:1472.46px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:2016.93px;white-space:nowrap">Court,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:2508.6px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:2736.92px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:3412.43px;white-space:nowrap">22,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:3679.31px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:4124.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:4399.63px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:4918.51px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:5389.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:5576.42px;letter-spacing:-1.64px;white-space:nowrap">Trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:6207.45px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:6524.57px;letter-spacing:-0.32px;white-space:nowrap">&quot;Board&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:7203.44px;white-space:nowrap">amended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:7929.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:8205.19px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:8706.31px;white-space:nowrap">by-laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:9284.06px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:9476.54px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6812.04px;left:10066.13px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:275.52px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:794.39px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:1371.98px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:1816.62px;white-space:nowrap">By-Law
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:2370.86px;white-space:nowrap">shall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:2732.29px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:2963.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:3150.21px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:3378.53px;letter-spacing:-0.48px;white-space:nowrap">force
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:3781.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:4095.8px;letter-spacing:-0.41px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:4540.27px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:4780.11px;white-space:nowrap">so
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:4987.62px;white-space:nowrap">long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:5352.1px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:5547.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:5823.3px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:6558.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:6744.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:7020.24px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:7564.71px;white-space:nowrap">Court
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:8011.9px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:8162.94px;letter-spacing:-0.29px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:8811.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:9126.13px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:9448.85px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:9579.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7004.04px;left:9854.6px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:186.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:462.23px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:1006.7px;white-space:nowrap">Court
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:1453.89px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:1604.93px;letter-spacing:-0.29px;white-space:nowrap">reversed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:2307.17px;letter-spacing:0.24px;white-space:nowrap">overturned,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:3183.95px;white-space:nowrap">vacated,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:3833.07px;white-space:nowrap">stayed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:4390.18px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:4582.66px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:5317.2px;text-rendering:optimizeLegibility;white-space:nowrap">nullified,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:5971.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:6247.43px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:6766.31px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:7343.9px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:7788.54px;white-space:nowrap">By-Law
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:8342.77px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:8617.97px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:8849.17px;white-space:nowrap">automatically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7196.04px;left:9838.59px;letter-spacing:-0.26px;white-space:nowrap">reinstated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:314.24px;white-space:nowrap">apply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:752.79px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:945.27px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:1238.87px;text-rendering:optimizeLegibility;white-space:nowrap">beneficial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:1970.86px;white-space:nowrap">owner
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:2456.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:2643.49px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:3316.44px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:3808.44px;letter-spacing:-0.32px;white-space:nowrap">acquired
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:4475.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:4646.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:4774.51px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:5352.1px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:5796.74px;white-space:nowrap">Acquisition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:6679.6px;letter-spacing:-0.52px;white-space:nowrap">regardless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:7455.76px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:7642.47px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:8264.55px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:8632.22px;letter-spacing:-0.36px;white-space:nowrap">Control
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:9209.81px;letter-spacing:-0.48px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7388.04px;left:9654.45px;white-space:nowrap">Acquisition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:0px;white-space:nowrap">occurs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:503.83px;letter-spacing:-0.41px;white-space:nowrap">before
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:1016.47px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:1208.94px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:1579.02px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:1946.69px;letter-spacing:-0.19px;white-space:nowrap">reinstatement,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:3015.96px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:3255.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:3531.31px;white-space:nowrap">duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:4174.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:4360.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:4636.26px;white-space:nowrap">stay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:4962.17px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:5154.65px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:5569.69px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:6215.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:6402.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:6678.15px;white-space:nowrap">mandate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:7353.83px;letter-spacing:-0.26px;white-space:nowrap">reversing,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:8094.46px;letter-spacing:0.22px;white-space:nowrap">overturning,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:9009.65px;white-space:nowrap">vacating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:9652.68px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7580.04px;left:9845.15px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:0px;white-space:nowrap">nullifying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:687.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:962.71px;white-space:nowrap">judgment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:1697.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:1884.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:2159.65px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:2704.12px;white-space:nowrap">Court.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:3195.79px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:3462.67px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:4138.19px;white-space:nowrap">25,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:4405.07px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:4849.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:5125.38px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:5596.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:5910.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:6186.33px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:6663.61px;white-space:nowrap">appealed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:7383.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:7659.28px;white-space:nowrap">District
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:8203.75px;letter-spacing:-2.22px;white-space:nowrap">Court&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:8742.94px;white-space:nowrap">decision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:9380.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:9572.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:9848.05px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7772.04px;left:10180.21px;white-space:nowrap">Court
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:186.72px;white-space:nowrap">Appeals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:815.03px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:1054.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:1330.38px;white-space:nowrap">Second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7964.04px;left:1911.5px;letter-spacing:-0.36px;white-space:nowrap">Circuit.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8324.92px;left:0px;white-space:nowrap">2.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8324.92px;left:360px;white-space:nowrap">Significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8324.92px;left:1501.34px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8324.92px;left:2731.77px;white-space:nowrap">Policies</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:314.24px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:1399.19px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:2027.5px;white-space:nowrap">statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:2853.89px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:3242.05px;letter-spacing:-0.64px;white-space:nowrap">prepared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:3941.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:4113.08px;letter-spacing:-0.26px;white-space:nowrap">accordance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:4975.79px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:5316.26px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:6149.06px;white-space:nowrap">principles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:6880.56px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:7579.76px;white-space:nowrap">accepted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:8288.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:8459.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:8735.42px;white-space:nowrap">United
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:9256.86px;white-space:nowrap">States
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:9736.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8708.04px;left:9923.41px;white-space:nowrap">America
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:0px;white-space:nowrap">(&#8220;U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:456.8px;white-space:nowrap">GAAP&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:1106.23px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:1559.67px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:1900.62px;letter-spacing:-0.72px;white-space:nowrap">require
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:2448.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:2724.14px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:3014.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:3201.41px;white-space:nowrap">estimates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:3924.12px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:4374.68px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:4594.04px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:5583.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:5898.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:6173.7px;white-space:nowrap">evaluation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:6953.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:7139.77px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:8014px;white-space:nowrap">events.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:8568.24px;white-space:nowrap">Actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:9063.11px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:9563.59px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8900.04px;left:9904.54px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:0px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:373.27px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:811.83px;white-space:nowrap">estimates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:1579.02px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:1967.5px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:2376.61px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:2527.65px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:2744.13px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:3570.68px;white-space:nowrap">company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:4270.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:4584.59px;white-space:nowrap">follows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:5126.66px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:5959.45px;white-space:nowrap">guidance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:6664.89px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:6836.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:7112.24px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:7781.99px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:8641.5px;letter-spacing:-0.29px;white-space:nowrap">Standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:9397.02px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9092.04px;left:9868.21px;letter-spacing:-0.98px;white-space:nowrap">(&#8220;FASB&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:0px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:859.51px;letter-spacing:-0.29px;white-space:nowrap">Standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:1615.02px;text-rendering:optimizeLegibility;white-space:nowrap">Codification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:2524.61px;white-space:nowrap">946,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:2880.45px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:3550.2px;white-space:nowrap">Services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:4175.47px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:4379.95px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:5210.34px;white-space:nowrap">Companies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:6108.42px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:6422.65px;letter-spacing:-2px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:6791.13px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:7030.97px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:7659.28px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:8366.95px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:9069.18px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:9410.14px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:9824.69px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9284.04px;left:10197.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:0px;letter-spacing:-2px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:368.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:608.31px;letter-spacing:-0.26px;white-space:nowrap">processing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:1423.18px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:2012.61px;letter-spacing:-0.18px;white-space:nowrap">and&#160;shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:3212.76px;white-space:nowrap">transactions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:4151.79px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:4466.03px;letter-spacing:-2px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:4834.51px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:5074.34px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:5702.65px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:6410.32px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:7112.55px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:7743.75px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:8333.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:8647.42px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:9320.37px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9476.04px;left:9744.21px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:0px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:607.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:882.87px;white-space:nowrap">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:1250.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:1436.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:1712.46px;letter-spacing:-0.36px;white-space:nowrap">report.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:2239.49px;letter-spacing:-2.96px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:2627.49px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:3098.2px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:3249.24px;white-space:nowrap">computed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:4028.59px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:4508.74px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:4737.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:5012.58px;letter-spacing:-2px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:5381.06px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:5769.38px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:6009.21px;letter-spacing:-0.26px;white-space:nowrap">processing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:6824.08px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:7413.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:7727.75px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:8400.7px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:8824.54px;white-space:nowrap">transactions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9668.04px;left:9763.56px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:0px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:699.03px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:850.06px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:977.58px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:1665.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:1851.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:2127.33px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:2891.64px;white-space:nowrap">accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:3724.43px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:4310.98px;white-space:nowrap">consistently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:5190.81px;white-space:nowrap">followed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:5851.43px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:6070.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9860.04px;left:6346.31px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10204.92px;left:0px;letter-spacing:-0.3px;white-space:nowrap">Compensation:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:1373.77px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:1688px;white-space:nowrap">Funds&#160;pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:2467.68px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:2696px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:3751.02px;letter-spacing:-0.32px;white-space:nowrap">directly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:4316.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:4509.09px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:4947.64px;white-space:nowrap">of&#160;its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:5338.52px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">officers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:5940.11px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:6144.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:6331.14px;white-space:nowrap">whom
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:6811.29px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:7365.53px;letter-spacing:-0.22px;white-space:nowrap">remuneration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:8363.92px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:8603.75px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:8970.79px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:9575.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:9767.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10220.04px;left:10043.25px;letter-spacing:0px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:0px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:373.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:648.79px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:1226.54px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:1419.02px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:1623.17px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">affiliates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:2295.64px;letter-spacing:-0.21px;white-space:nowrap">The&#160;Board&#160;has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:3365.72px;white-space:nowrap">adopted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:4023.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:4150.99px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:4808.58px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:5863.61px;white-space:nowrap">plan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:6216.24px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:6456.08px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:7419.11px;white-space:nowrap">trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:8026.14px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:8348.85px;white-space:nowrap">enables
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:8947.57px;white-space:nowrap">trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:9554.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:9747.08px;white-space:nowrap">elect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10412.04px;left:10138.11px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:0px;white-space:nowrap">defer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:420.63px;letter-spacing:-0.36px;white-space:nowrap">receipt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:959.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:1146.38px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:1350.7px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:1543.18px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:1670.7px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:2236.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:2423px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:2698.52px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:3214.36px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:4269.38px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:4622.02px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:4888.74px;white-space:nowrap">entitled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:5480.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:5673.36px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:6227.6px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:6600.87px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:7128.07px;white-space:nowrap">Nuveen-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:8334.46px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:8814.61px;white-space:nowrap">Under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:9297.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:9573.17px;white-space:nowrap">plan,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10604.04px;left:9970.28px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:0px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:657.91px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:924.63px;letter-spacing:-0.36px;white-space:nowrap">treated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:1484.3px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:1679.98px;white-space:nowrap">though
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:2237.1px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:2678.69px;white-space:nowrap">dollar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:3128.76px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:3786.68px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:4100.92px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:4510.03px;white-space:nowrap">invested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:5155.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:5327.79px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:5819.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:6006.5px;white-space:nowrap">select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:6465.69px;white-space:nowrap">Nuveen-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10796.04px;left:7672.08px;white-space:nowrap">funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11140.92px;left:0px;white-space:nowrap">Custodian
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11140.92px;left:930.95px;letter-spacing:-2.16px;white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11140.92px;left:1285.55px;letter-spacing:-0.46px;white-space:nowrap">Credit:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:1929.06px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:2151.46px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:2367.94px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:3161.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:3354px;letter-spacing:0.29px;white-space:nowrap">overnight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:4082.63px;white-space:nowrap">investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:5021.81px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:5404.37px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:5813.49px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:6098.13px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:6314.61px;white-space:nowrap">arrangement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:7274.44px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:7614.91px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:7819.07px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:8553.94px;white-space:nowrap">bank,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:8989.78px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:9401.45px;letter-spacing:-0.41px;white-space:nowrap">Street
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:9869.29px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11156.04px;left:10263.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:0px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:384.95px;letter-spacing:-1.64px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:1149.91px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:1467.02px;white-space:nowrap">&#8220;Custodian&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:2445.09px;letter-spacing:-0.36px;white-space:nowrap">whereby
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:3097.09px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:3624.28px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:4359.15px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:4697.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:5011.31px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:5722.82px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:5989.54px;letter-spacing:-0.36px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:6623.78px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:6843.13px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:7118.65px;letter-spacing:-0.36px;white-space:nowrap">credits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:7636.88px;letter-spacing:0.41px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:8185.04px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:8413.36px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:8795.92px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:9297.03px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:9658.79px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11348.04px;left:9887.11px;white-space:nowrap">deposit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:0px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:340.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:615.99px;white-space:nowrap">bank.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:1051.83px;letter-spacing:-0.36px;white-space:nowrap">Credits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:1605.58px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:1845.42px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:2207.17px;white-space:nowrap">balances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:2877.09px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:3218.04px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:3449.24px;letter-spacing:-0.41px;white-space:nowrap">offset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:3890.68px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:4110.03px;letter-spacing:-0.36px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:4708.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:4948.58px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:5242.18px;white-space:nowrap">days
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:5612.74px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:5841.06px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:6294.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:6422.01px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:6831.13px;letter-spacing:-0.29px;white-space:nowrap">overdraws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:7604.4px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:7808.55px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:8416.23px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:8596.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:8872.38px;white-space:nowrap">Custodian.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:9687.25px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11540.04px;left:10001.49px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:186.72px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:921.59px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:1191.35px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:1641.42px;letter-spacing:0.41px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:2189.57px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:2408.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:2536.45px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:2945.57px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:3096.61px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:3932.28px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:4160.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:4436.11px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:5215.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:5401.86px;white-space:nowrap">Operations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:6246.17px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:6441.85px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:6569.37px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:7434.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:7621.51px;white-space:nowrap">&#8220;Custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:8474.94px;white-space:nowrap">expenses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:9230.94px;white-space:nowrap">net.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:9633.98px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11732.04px;left:10164.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:0px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:544.95px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:1252.62px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:1812.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:2087.97px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:2822.84px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:3092.6px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:3542.67px;letter-spacing:0.41px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:4090.83px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:4310.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:4692.74px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:5101.86px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:5413.06px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11924.04px;left:5608.74px;white-space:nowrap">follows:</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">66</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2059.72px;left:0px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2059.72px;left:1172.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2059.72px;left:1398.47px;letter-spacing:-0.31px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2059.72px;left:2237.48px;letter-spacing:-0.23px;white-space:nowrap">Shareholders:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:3497.14px;white-space:nowrap">Distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:4441.46px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:4633.8px;letter-spacing:-0.15px;white-space:nowrap">common&#160;shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:6260.53px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:6527.11px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:7217.36px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:7445.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:7720.92px;white-space:nowrap">ex-dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:8609.73px;white-space:nowrap">date.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:9021.42px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:9335.52px;white-space:nowrap">amount,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2074.84px;left:9969.61px;letter-spacing:0px;white-space:nowrap">character
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:314.24px;white-space:nowrap">timing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:811.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:998.39px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:1922.05px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:2188.77px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:3068.44px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:3240.27px;letter-spacing:-0.26px;white-space:nowrap">accordance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:4102.99px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:4443.46px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:4985.53px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:5554.65px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:5812.4px;letter-spacing:-0.22px;white-space:nowrap">regulations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:6692.23px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:7145.67px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:7486.62px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:7901.18px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:8274.45px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2266.84px;left:8606.61px;letter-spacing:-4.9px;white-space:nowrap">GAAP.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2611.72px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.1px;white-space:nowrap">Indemnifications:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:1569.22px;white-space:nowrap">Under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:2052.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:2327.77px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:2846.65px;letter-spacing:-0.19px;white-space:nowrap">organizational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:3892.39px;white-space:nowrap">documents,&#160;their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:5142.62px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">officers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:5699.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:6013.97px;white-space:nowrap">trustees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:6621px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:6887.72px;text-rendering:optimizeLegibility;white-space:nowrap">indemnified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:7782.59px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:8339.54px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:8866.73px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:9532.64px;white-space:nowrap">arising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2626.84px;left:10044.95px;white-space:nowrap">out
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:186.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:462.23px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:1419.18px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:1605.9px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:1972.93px;white-space:nowrap">duties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:2452.76px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:2645.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:2920.76px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:3442.51px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:3618.19px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:4299.46px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:4471.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:4746.82px;letter-spacing:0.41px;white-space:nowrap">normal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:5288.89px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:5804.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:5991.28px;white-space:nowrap">business,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:6687.75px;white-space:nowrap">the&#160;Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:7440.55px;white-space:nowrap">enter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:7858.14px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:8177.98px;white-space:nowrap">contracts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:8871.09px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:9193.8px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2818.84px;left:9783.39px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">indemnifications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:1211.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:1404.3px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:1827.81px;white-space:nowrap">parties.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:2399.32px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:2713.56px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:3232.44px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:3973.39px;letter-spacing:-0.32px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:4672.91px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:5135.14px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:5567.78px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:6595.77px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:6746.8px;white-space:nowrap">unknown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:7434.64px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:7630.32px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:7923.43px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:8403.43px;white-space:nowrap">involve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:8951.74px;letter-spacing:-0.41px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:9413.81px;white-space:nowrap">claims
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:9899.73px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3010.84px;left:10222.44px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:0px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:231.2px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:681.76px;white-space:nowrap">against
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:1238.71px;white-space:nowrap">the&#160;Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:1991.5px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:2314.22px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:2696.78px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:2978.21px;white-space:nowrap">yet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:3241.89px;letter-spacing:-0.29px;white-space:nowrap">occurred.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:3959px;letter-spacing:-1.64px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:4667.31px;white-space:nowrap">the&#160;Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:5420.11px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:5802.67px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:6084.1px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:6398.34px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:6780.09px;white-space:nowrap">claims
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:7266px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:7458.48px;white-space:nowrap">losses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:7929.67px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:8596.23px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:8788.7px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:9221.34px;white-space:nowrap">contracts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3202.84px;left:9914.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:0px;white-space:nowrap">expects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:595.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:871.19px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:1152.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:1339.18px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:1653.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:1845.73px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3394.84px;left:2076.93px;letter-spacing:-0.41px;white-space:nowrap">remote.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3739.72px;left:0px;white-space:nowrap">Investments
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3739.72px;left:1110.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3739.72px;left:1486.96px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:3739.72px;left:2512.77px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:3158.78px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:3247.74px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:3976.37px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:4870.92px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:5137.64px;white-space:nowrap">accounted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:5932.03px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:6171.86px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:6367.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:6554.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:6829.77px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:7250.25px;white-space:nowrap">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:7617.6px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:7857.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:8485.75px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:9193.42px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3754.84px;left:9940.13px;white-space:nowrap">Realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:0px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:420.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:735.03px;white-space:nowrap">losses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:1206.23px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:1434.55px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:2142.38px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:3036.92px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:3303.64px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:3783.8px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:4198.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:4474.35px;text-rendering:optimizeLegibility;white-space:nowrap">specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:5052.26px;text-rendering:optimizeLegibility;white-space:nowrap">identification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:6023.77px;white-space:nowrap">method.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:6672.72px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:7503.11px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:8072.22px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:8223.26px;white-space:nowrap">comprised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:9020.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:9206.93px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3946.84px;left:9781.32px;white-space:nowrap">income,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:453.44px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:604.47px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:1294.87px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:1523.18px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:1739.66px;white-space:nowrap">accrual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:2284.94px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:2684.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:2999.17px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:3630.36px;letter-spacing:-0.29px;white-space:nowrap">accretion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:4326.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:4513.39px;white-space:nowrap">discounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:5233.38px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:5547.62px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:6477.52px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:6664.24px;letter-spacing:-0.32px;white-space:nowrap">premiums
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:7413.83px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:7653.66px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:8281.98px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:8989.65px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4138.84px;left:9736.36px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:569.11px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:898.07px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reflects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:1455.02px;white-space:nowrap">payment-in-kind
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:2660.93px;white-space:nowrap">(&#8220;PIK&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:3189.56px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:3763.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:4078.19px;white-space:nowrap">paydown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:4777.7px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:5198.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:5512.74px;white-space:nowrap">losses,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:6028.41px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:6158.65px;letter-spacing:-2.94px;white-space:nowrap">any.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:6482.01px;white-space:nowrap">PIK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:6761.36px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:7335.75px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:8123.75px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:8692.86px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:9344.86px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:9516.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:9792.21px;letter-spacing:0.58px;white-space:nowrap">form
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4330.84px;left:10171.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4522.84px;left:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4522.84px;left:707.83px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4522.84px;left:879.67px;white-space:nowrap">lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4522.84px;left:1178.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4522.84px;left:1365.58px;white-space:nowrap">cash.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:4867.72px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Netting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:4867.72px;left:703.44px;letter-spacing:-0.27px;white-space:nowrap">Agreements:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:1876.84px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:2052.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:2328.04px;letter-spacing:-0.32px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:2956.03px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:3471.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:3658.42px;white-space:nowrap">business,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:4354.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:4630.41px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:5107.69px;letter-spacing:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:5448.65px;white-space:nowrap">enter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:5866.24px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:6186.07px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:7080.62px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:7637.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:7830.05px;letter-spacing:-0.24px;white-space:nowrap">enforceable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:8719.16px;letter-spacing:0.21px;white-space:nowrap">International
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:9661.7px;white-space:nowrap">Swaps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4882.84px;left:10159.62px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:0px;white-space:nowrap">Derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:829.43px;white-space:nowrap">Association,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:1733.25px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:2030.53px;white-space:nowrap">(ISDA)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:2517.73px;white-space:nowrap">master
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:3044.92px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:3933.87px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:4126.35px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:4549.86px;white-space:nowrap">similar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:5050.17px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:6078.16px;white-space:nowrap">(&#8220;netting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:6756.55px;letter-spacing:-0.21px;white-space:nowrap">agreements&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:7814.62px;letter-spacing:-1.34px;white-space:nowrap">Generally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:8570.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:8845.81px;white-space:nowrap">right
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:9221.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:9414.12px;letter-spacing:-0.41px;white-space:nowrap">offset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:9855.55px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5074.84px;left:10027.39px;white-space:nowrap">netting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:0px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:888.95px;white-space:nowrap">allows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:1371.82px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:1754.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:2163.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:2355.98px;letter-spacing:-0.41px;white-space:nowrap">offset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:2797.41px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:3324.6px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:4032.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:4346.67px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:5155.3px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:5495.77px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:5623.29px;text-rendering:optimizeLegibility;white-space:nowrap">specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:6201.2px;letter-spacing:-1.05px;white-space:nowrap">counterparty,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:7184.71px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:7611.59px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:8441.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:8636.86px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:8962.61px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:9158.29px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5266.84px;left:9451.89px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:0px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:651.99px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:844.47px;letter-spacing:-0.29px;white-space:nowrap">delivered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:1555.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:1747.98px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:2070.69px;white-space:nowrap">counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:3024.44px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:3504.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:3732.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:4008.43px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:4455.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:4642.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:4917.7px;letter-spacing:-0.24px;white-space:nowrap">agreements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:5851.13px;letter-spacing:-1.34px;white-space:nowrap">Generally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:6606.8px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:6989.36px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:7398.48px;white-space:nowrap">manages
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:8089.19px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:8293.35px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:8655.11px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:9348.05px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5458.84px;left:9662.29px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:0px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:692.95px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:921.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:1048.78px;white-space:nowrap">counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:2002.53px;white-space:nowrap">basis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:2447px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:2826.84px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:3395.63px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:3588.11px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:4115.3px;white-space:nowrap">counterparties,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:5231.92px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:5403.76px;letter-spacing:-0.26px;white-space:nowrap">accordance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:6266.47px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:6606.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:6882.46px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:7329.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:7516.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:7791.73px;white-space:nowrap">netting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:8345.48px;letter-spacing:-0.24px;white-space:nowrap">agreements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:9278.91px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5650.84px;left:9971.86px;white-space:nowrap">posted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:192.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:467.99px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:945.27px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:1096.31px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:1454.87px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:1626.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:1754.22px;letter-spacing:-0.26px;white-space:nowrap">segregated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:2613.42px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:3221.09px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:3440.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:3715.96px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:4234.84px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:4969.71px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:5491.15px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:5831.62px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:6400.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:6592.89px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:7031.44px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:7689.36px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:8142.79px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:8436.39px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:8667.59px;white-space:nowrap">sold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:9011.26px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:9203.74px;letter-spacing:-0.32px;white-space:nowrap">repledged</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:9950.29px;white-space:nowrap">,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5842.84px;left:10039.25px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:0px;letter-spacing:-0.29px;white-space:nowrap">presented
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:767.35px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:939.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:1214.71px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:1733.59px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:2384.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:2571.65px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:3470.2px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:3662.67px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:4441.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:4628.42px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:5129.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6034.84px;left:5443.45px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:314.24px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:833.12px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:1727.82px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:2284.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:2477.25px;white-space:nowrap">netting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:3031.01px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:3919.96px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:4115.64px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:4302.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:4577.87px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:4898.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:5084.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:5360.26px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:6067.93px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:6627.76px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:6758px;letter-spacing:-2.94px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:7081.36px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:7348.08px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:7866.15px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:8618.62px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:8979.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:9151.57px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:9584.21px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6370.84px;left:10058.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6562.84px;left:0px;white-space:nowrap">Financials.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6907.72px;left:0px;white-space:nowrap">New
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6907.72px;left:448.02px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6907.72px;left:1490.02px;letter-spacing:-0.73px;white-space:nowrap">Pronouncement:&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:2979.33px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:3155.01px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:3641.25px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:4086.05px;letter-spacing:-1.76px;white-space:nowrap">FASB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:4510.2px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:5005.08px;letter-spacing:0px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:5864.59px;letter-spacing:-0.29px;white-space:nowrap">Standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:6620.1px;white-space:nowrap">Update
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:7194.97px;white-space:nowrap">(&quot;ASU&quot;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:7797.21px;white-space:nowrap">2020-04,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:8473.21px;letter-spacing:-0.29px;white-space:nowrap">Reference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:9232.08px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6922.84px;left:9596.56px;letter-spacing:0.36px;white-space:nowrap">Reform:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:0px;white-space:nowrap">Facilitation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:820.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:1007.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:1282.54px;letter-spacing:-0.36px;white-space:nowrap">Effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:1801.09px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:1987.81px;letter-spacing:-0.29px;white-space:nowrap">Reference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:2746.68px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:3111.16px;letter-spacing:0.41px;white-space:nowrap">Reform
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:3674.03px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:3902.34px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:4572.1px;white-space:nowrap">Reporting.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:5368.88px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:5683.12px;white-space:nowrap">main
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:6074.32px;white-space:nowrap">objective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:6773.51px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:6960.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:7235.74px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:7573.66px;white-space:nowrap">guidance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:8279.09px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:8430.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:8622.61px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:9212.2px;letter-spacing:-0.41px;white-space:nowrap">relief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:9608.99px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7114.84px;left:9801.47px;white-space:nowrap">companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:322.71px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:597.91px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:829.11px;white-space:nowrap">impacted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:1546.06px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:1765.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:2040.93px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:2755.17px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:3324.44px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:3496.28px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:4332.11px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:4906.51px;white-space:nowrap">rates,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:5341.86px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:5768.74px;white-space:nowrap">participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:6713.2px;white-space:nowrap">banks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:7172.72px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:7447.91px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:7676.23px;white-space:nowrap">longer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:8182.78px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:8413.98px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:9059.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:9252.21px;white-space:nowrap">submit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7306.84px;left:9779.4px;white-space:nowrap">London
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:0px;white-space:nowrap">Interbank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:717.75px;letter-spacing:-0.72px;white-space:nowrap">Offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:1313.43px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:1677.9px;white-space:nowrap">(LIBOR)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:2256.94px;white-space:nowrap">quotes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:2793.25px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:3012.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:3288.13px;white-space:nowrap">UK
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:3543.16px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:4212.92px;white-space:nowrap">Conduct
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:4870.83px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:5572.73px;white-space:nowrap">(FCA).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:6056.25px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:6370.49px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:6708.41px;white-space:nowrap">guidance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:7413.84px;white-space:nowrap">allows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:7896.71px;white-space:nowrap">companies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:8714.78px;white-space:nowrap">to,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:8951.74px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:9639.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7498.84px;left:9914.61px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:0px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:569.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:761.75px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:1357.1px;white-space:nowrap">contracts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:2050.21px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:2316.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:2444.45px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:3013.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:3206.2px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:3422.68px;letter-spacing:-0.32px;white-space:nowrap">approved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:4154.68px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:4990.51px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:5564.9px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:5932.09px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:6539.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:6779.6px;text-rendering:optimizeLegibility;white-space:nowrap">modifications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:7781.03px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:7976.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:8104.22px;white-space:nowrap">continuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:9017.18px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:9203.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7690.84px;left:9479.41px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:0px;white-space:nowrap">contract
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:624.95px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:1202.38px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:1960.61px;white-space:nowrap">analysis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:2594.84px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:2876.27px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:3214.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:3528.43px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:4123.78px;white-space:nowrap">contracts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:4861.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:5136.89px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:5614.17px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:5955.12px;white-space:nowrap">elect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:6346.16px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:6538.63px;white-space:nowrap">apply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:6977.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:7252.71px;white-space:nowrap">amendments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:8227.74px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:8423.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:8610.13px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:9096.37px;white-space:nowrap">12,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:9363.25px;white-space:nowrap">2020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7882.84px;left:9763.57px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:0px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:794.23px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:1061.11px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:1505.91px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:1681.59px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:2475.83px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:2920.63px;letter-spacing:-1.76px;white-space:nowrap">FASB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:3344.78px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:4002.38px;white-space:nowrap">ASU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:4355.33px;white-space:nowrap">2022-04
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:4986.85px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:5301.09px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:5795.96px;white-space:nowrap">ASU
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:6148.92px;white-space:nowrap">2022-06,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:6824.92px;letter-spacing:-0.29px;white-space:nowrap">Reference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:7583.79px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:7948.27px;letter-spacing:0.36px;white-space:nowrap">Reform:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:8555.62px;white-space:nowrap">Deferral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:9171.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:9358.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8074.84px;left:9633.84px;white-space:nowrap">Sunset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:0px;white-space:nowrap">Date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:388.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:574.87px;letter-spacing:-2.96px;white-space:nowrap">Topic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:1001.59px;white-space:nowrap">848,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:1357.43px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:1810.86px;white-space:nowrap">extends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:2418.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:2693.89px;white-space:nowrap">application
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:3529.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:3715.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:3991.47px;white-space:nowrap">amendments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:4966.51px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:5573.86px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:6368.09px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:6634.97px;white-space:nowrap">2024.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:7079.77px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:8075.77px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:8360.41px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:8641.84px;white-space:nowrap">yet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:8905.52px;white-space:nowrap">elected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:9483.27px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:9675.75px;white-space:nowrap">apply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8266.84px;left:10114.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:0px;white-space:nowrap">amendments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:1019.51px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:1170.55px;white-space:nowrap">continuously
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:2112.94px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:2895.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:3170.69px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:3851.79px;letter-spacing:-0.41px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:4296.27px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:4423.79px;white-space:nowrap">discontinuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:5561.37px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:5748.09px;white-space:nowrap">LIBOR
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:6243.92px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:6685.52px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:7068.08px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:7296.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:7571.91px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:8090.79px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:8985.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:9299.74px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8458.84px;left:9584.38px;letter-spacing:-0.29px;white-space:nowrap">currently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:0px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:879.67px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:1202.38px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:1338.38px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:1489.42px;white-space:nowrap">unlikely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:2070.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:2345.73px;letter-spacing:-2.96px;white-space:nowrap">ASU&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:2790.68px;white-space:nowrap">adoption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:3483.95px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:3759.15px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:4141.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:4269.22px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:5033.53px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:5563.76px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:5792.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:6067.6px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:6586.48px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:7214.79px;white-space:nowrap">statements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:8041.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:8355.42px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8650.84px;left:8903.57px;text-rendering:optimizeLegibility;white-space:nowrap">filings.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:0px;white-space:nowrap">3.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:360px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:1565.8px;letter-spacing:-1.21px;white-space:nowrap">Valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:2588.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:3036.69px;white-space:nowrap">Fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:3489px;letter-spacing:-2.02px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9011.72px;left:4116.65px;letter-spacing:-0.3px;white-space:nowrap">Measurements&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:314.24px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:833.12px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:1727.82px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:1899.66px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:2607.49px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:2874.21px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:3564.6px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:3745.24px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:4112.28px;white-space:nowrap">estimated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:4864.58px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:5130.98px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:5551.94px;white-space:nowrap">utilizing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:6146.97px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:6837.36px;white-space:nowrap">methods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:7509.99px;letter-spacing:-0.32px;white-space:nowrap">approved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:8241.98px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:8461.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:8736.86px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:9344.37px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9394.84px;left:9901.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:0px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:704.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:891.67px;letter-spacing:-0.26px;white-space:nowrap">the&#160;Board.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:1682.86px;white-space:nowrap">Fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:1990.85px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:2411.81px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:2562.85px;text-rendering:optimizeLegibility;white-space:nowrap">defined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:3155.64px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:3351.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:3626.84px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:4026.67px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:4349.39px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:4829.38px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:5060.58px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:5712.57px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:6127.61px;white-space:nowrap">selling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:6631.12px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:6847.6px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:7674.15px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:7866.63px;white-space:nowrap">transferring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:8725.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:8852.69px;white-space:nowrap">liability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:9400.2px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:9572.04px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9586.84px;left:9788.52px;letter-spacing:-0.36px;white-space:nowrap">orderly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:0px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:826.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:1018.86px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:1235.34px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:2198.37px;white-space:nowrap">buyer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:2648.77px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:2820.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:3096.13px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:3753.55px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:3946.03px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:4342.98px;white-space:nowrap">advantageous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:5392.25px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:5928.41px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:6168.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:6443.76px;white-space:nowrap">investment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:7314.79px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:7646.95px;white-space:nowrap">GAAP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:8127.26px;white-space:nowrap">establishes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:8953.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:9229.33px;letter-spacing:-0.26px;white-space:nowrap">three-tier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9778.84px;left:9930.92px;letter-spacing:-0.29px;white-space:nowrap">hierarchy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:453.44px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:604.47px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:992.79px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:1185.27px;white-space:nowrap">maximize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:1896.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:2171.98px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:2462.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:2649.25px;white-space:nowrap">observable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:3481.88px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:4018.03px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:4379.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:4693.71px;white-space:nowrap">minimize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:5372.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:5647.61px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:5938.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:6124.89px;white-space:nowrap">unobservable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:7135.44px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:7615.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:7929.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:8121.99px;white-space:nowrap">establish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:8791.42px;text-rendering:optimizeLegibility;white-space:nowrap">classification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:9730.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:9917.32px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9970.84px;left:10183.71px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:0px;letter-spacing:-0.22px;white-space:nowrap">measurements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:1084.63px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:1324.47px;letter-spacing:-0.26px;white-space:nowrap">disclosure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:2079.98px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:2826.69px;white-space:nowrap">Observable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:3697.88px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:4177.71px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:4666.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:4942.02px;white-space:nowrap">assumptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:5872.41px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:6408.56px;white-space:nowrap">participants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:7285.03px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:7765.02px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:8055.58px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:8227.42px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:8763.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:9038.93px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:9444.84px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10162.84px;left:9637.32px;letter-spacing:-1.34px;white-space:nowrap">liability.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:0px;white-space:nowrap">Observable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:871.19px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:1351.03px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:1617.74px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:2097.9px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:2326.22px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:2862.37px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:3223.81px;white-space:nowrap">obtained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:3911.16px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:4284.43px;letter-spacing:-0.36px;white-space:nowrap">sources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:4865.39px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:5828.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:6015.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:6290.65px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:6998.32px;letter-spacing:-1.84px;white-space:nowrap">entity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:7472.23px;white-space:nowrap">Unobservable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:8503.58px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:8983.42px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10354.84px;left:9472.21px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:0px;white-space:nowrap">assumptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:930.39px;white-space:nowrap">about
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:1392.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:1668.14px;white-space:nowrap">assumptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:2598.53px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:3134.68px;white-space:nowrap">participants
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:4011.15px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:4491.14px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:4781.7px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:4953.54px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:5489.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:5765.04px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:6170.96px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:6363.44px;letter-spacing:-1.34px;white-space:nowrap">liability.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:6940.7px;white-space:nowrap">Unobservable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:7972.05px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:8451.88px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:8718.6px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:9198.76px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:9427.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10546.84px;left:9702.6px;white-space:nowrap">best
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:0px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:864.78px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:1537.41px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:1709.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:1984.77px;letter-spacing:-0.19px;white-space:nowrap">circumstances.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:3069.4px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:3383.64px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:4082.66px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:4233.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:4361.22px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:5048.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:5235.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:5510.97px;letter-spacing:-0.44px;white-space:nowrap">three-tiered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:6396.4px;letter-spacing:-0.29px;white-space:nowrap">hierarchy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:7086.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:7273.51px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:7963.9px;white-space:nowrap">input
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10738.84px;left:8375.57px;white-space:nowrap">levels.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:396px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:813.92px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:947.36px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:1071.84px;white-space:nowrap">Inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:1555.51px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:1822.23px;white-space:nowrap">unadjusted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:2660.78px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:2975.02px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:3443.01px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:3709.73px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:4589.4px;white-space:nowrap">using
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:5016.12px;white-space:nowrap">quoted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:5582.03px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:6050.02px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:6221.86px;white-space:nowrap">active
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:6684.1px;white-space:nowrap">markets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:7288.41px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:7528.24px;white-space:nowrap">identical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11074.84px;left:8176.87px;white-space:nowrap">securities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:396px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:813.92px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:947.36px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:1071.84px;white-space:nowrap">Prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:1533.91px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:1800.63px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:2680.3px;white-space:nowrap">using
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:3107.01px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:3530.53px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:4294.84px;white-space:nowrap">observable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:5127.46px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:5607.3px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:6348.09px;white-space:nowrap">quoted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:6914px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:7382px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:7621.83px;white-space:nowrap">similar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:8122.14px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:8874.45px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:9448.84px;white-space:nowrap">rates,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11410.84px;left:9884.2px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11602.84px;left:1080px;letter-spacing:-0.32px;white-space:nowrap">spreads,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11602.84px;left:1723.03px;white-space:nowrap">etc.).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:396px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:813.92px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:947.36px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:1071.84px;white-space:nowrap">Prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:1533.91px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:1800.63px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:2680.3px;white-space:nowrap">using
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:3107.01px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:3871.32px;white-space:nowrap">unobservable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:4881.87px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:5361.71px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:6102.5px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:7184.41px;white-space:nowrap">assumptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:8114.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:8286.63px;letter-spacing:0.24px;white-space:nowrap">determining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:9204.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:9480.22px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:9746.61px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11938.84px;left:10167.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12130.84px;left:1080px;white-space:nowrap">investments).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:0px;white-space:nowrap">A
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:154.24px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:995.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:1182.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:1457.58px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:2147.97px;white-space:nowrap">techniques
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:2971.8px;white-space:nowrap">applied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:3558.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:3750.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:4026.35px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:4545.22px;white-space:nowrap">major
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:4995.46px;text-rendering:optimizeLegibility;white-space:nowrap">classifications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:6002.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:6189.52px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:6663.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:6977.83px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:7643.74px;letter-spacing:-0.32px;white-space:nowrap">measured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:8390.61px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:8571.25px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12466.84px;left:8837.64px;white-space:nowrap">value
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1520.84px;left:10469.2px;white-space:nowrap">&#8212;</div></div> </div>
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<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">67</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:532.80px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Prices
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:891.67px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8319.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8506.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8781.65px;white-space:nowrap">following:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9525.15px;white-space:nowrap">yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9978.43px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">prices
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:654.71px;white-space:nowrap">investments
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1736.14px;white-space:nowrap">comparable
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3730.19px;white-space:nowrap">issue,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4171.78px;white-space:nowrap">coupon,
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5745.21px;white-space:nowrap">rating,
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7321.02px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7513.5px;white-space:nowrap">indications
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8511.88px;white-space:nowrap">value
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9306.11px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9895.54px;white-space:nowrap">dealers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;white-space:nowrap">evaluations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:847.51px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1034.23px;white-space:nowrap">anticipated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1878.37px;white-space:nowrap">cash
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2649.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2841.56px;white-space:nowrap">collateral,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3578.99px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4162.66px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4698.81px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5483.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5798.16px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6221.67px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7086.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7400.69px;white-space:nowrap">analysis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8034.93px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8734.12px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:0px;white-space:nowrap">characteristics
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1881.09px;letter-spacing:-0.29px;white-space:nowrap">relevant.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2538.85px;white-space:nowrap">In
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3777.71px;white-space:nowrap">securities,
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5356.08px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5664.24px;white-space:nowrap">liquid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6108.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6422.63px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6857.98px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7379.26px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8131.56px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8667.56px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9272.03px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9612.99px;white-space:nowrap">consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:0px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:864.78px;white-space:nowrap">about
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1327.02px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1454.54px;letter-spacing:-1.47px;white-space:nowrap">security,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2073.73px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2277.88px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2728.12px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2920.59px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3456.75px;white-space:nowrap">activity
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4686.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4905.36px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5788.39px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6259.75px;white-space:nowrap">securities
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7234.3px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7933.49px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8623.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8819.56px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9237.48px;white-space:nowrap">2.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:281.44px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:575.03px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1232.3px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1821.73px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2014.2px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2754.67px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2994.51px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3447.94px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3984.09px;white-space:nowrap">quotations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4789.84px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5056.56px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5338px;letter-spacing:-0.36px;white-space:nowrap">readily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5856.39px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6529.02px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6721.5px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6961.33px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7414.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7690.28px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8268.03px;white-space:nowrap">deems
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8792.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9068.19px;white-space:nowrap">valuations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9826.74px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:0px;white-space:nowrap">using
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:426.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:702.23px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1392.62px;letter-spacing:-0.52px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2240.14px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2992.61px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3478.84px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3760.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3952.75px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4441.55px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4707.94px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5173.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5448.9px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:6026.65px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:6301.84px;letter-spacing:0.29px;white-space:nowrap">determine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7083.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7211.27px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7477.66px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7898.62px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8070.46px;white-space:nowrap">good
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8500.21px;white-space:nowrap">faith
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8855.57px;white-space:nowrap">using
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:9282.28px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:0px;letter-spacing:-0.52px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:847.51px;letter-spacing:-0.32px;white-space:nowrap">approved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1579.5px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1798.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2074.38px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2681.89px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3238.85px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3431.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3706.84px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4411.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4598.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4874.02px;letter-spacing:-0.41px;white-space:nowrap">Board.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5389.69px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5612.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5739.61px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:6323.29px;white-space:nowrap">principle,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7031.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7306.63px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7573.03px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7993.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:8180.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:8308.22px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:8897.65px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9048.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9324.21px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9913.96px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:275.52px;white-space:nowrap">owner
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:761.43px;white-space:nowrap">might
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:1220.46px;letter-spacing:-0.26px;white-space:nowrap">reasonably
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:2035.5px;white-space:nowrap">expect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:2563.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:2755.49px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3309.72px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3549.56px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3685.55px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3857.39px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3984.91px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:4529.86px;white-space:nowrap">sale.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:4897.38px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5051.62px;white-space:nowrap">variety
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5566.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5753.69px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:6274.96px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:6615.91px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:6847.11px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:7682.78px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:7854.62px;letter-spacing:0.24px;white-space:nowrap">determining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:8772.69px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:0px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:752.31px;white-space:nowrap">which
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:2109.74px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:3119.96px;white-space:nowrap">of
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:3582.19px;white-space:nowrap">following:
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:4778.97px;white-space:nowrap">or
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:5439.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:5626.16px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:6520.87px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:6707.59px;white-space:nowrap">comparable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:7602.45px;letter-spacing:-1.64px;white-space:nowrap">quality,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8153.49px;white-space:nowrap">type
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8514.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8701.64px;white-space:nowrap">issue,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:9143.23px;white-space:nowrap">coupon,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:9774.75px;white-space:nowrap">maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:314.24px;white-space:nowrap">rating,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:817.59px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:1353.74px;white-space:nowrap">quotes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:1890.06px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:2082.53px;white-space:nowrap">indications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:2894.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:3080.92px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:3501.87px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:3875.15px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:4464.58px;white-space:nowrap">dealers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5071.93px;white-space:nowrap">evaluations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5919.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:6106.16px;white-space:nowrap">anticipated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:6950.31px;white-space:nowrap">cash
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7721.02px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7913.49px;white-space:nowrap">collateral,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8650.92px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9234.59px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9770.74px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:314.24px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:737.75px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:1602.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:1916.77px;white-space:nowrap">analysis,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:2551.01px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3250.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3525.72px;letter-spacing:-1.78px;white-space:nowrap">obligor&#8217;s
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:4627.46px;white-space:nowrap">characteristics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:5672.88px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:6508.55px;letter-spacing:-0.29px;white-space:nowrap">relevant.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:7166.3px;letter-spacing:-5.92px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:7379.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:7655.26px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:8149.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:8425.49px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:8905.32px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:9172.04px;white-space:nowrap">observable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:10004.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:0px;letter-spacing:-1.84px;white-space:nowrap">timely,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:506.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:782.07px;white-space:nowrap">values
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1271.19px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1751.18px;white-space:nowrap">be
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:2672.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:2868.45px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3286.36px;white-space:nowrap">2;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3464.28px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:4198.83px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:4551.47px;white-space:nowrap">would
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5262.66px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5953.05px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:6148.73px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:6566.65px;white-space:nowrap">3.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:314.24px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1013.26px;white-space:nowrap">table
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1419.02px;white-space:nowrap">summarizes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2293.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2568.61px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3104.76px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3525.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3712.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3987.95px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4506.83px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5401.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5597.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5783.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6059.45px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6379.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6566.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6841.84px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7549.51px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8109.34px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8589.5px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8817.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9093.33px;white-space:nowrap">inputs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9573.17px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9961.48px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:10153.96px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:0px;white-space:nowrap">them:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:314.24px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:791.52px;white-space:nowrap">hold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:1155.99px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:1821.9px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:1993.74px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:2580.29px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:2903px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:3741.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:4055.46px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:4763.3px;letter-spacing:-0.36px;white-space:nowrap">shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:5299.77px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:5776.89px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:6606.48px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:7059.91px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:7326.63px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:7608.07px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">reflected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:8283.58px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:8455.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:8730.94px;white-space:nowrap">tables
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:9204.85px;white-space:nowrap">above.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:9735.57px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8767.11px;left:10049.8px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:0px;white-space:nowrap">values
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:489.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:675.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:951.35px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:1470.23px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:2136.13px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:2375.97px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:2962.52px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:3285.23px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:4123.46px;letter-spacing:-0.24px;white-space:nowrap">approximate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:5068.56px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:5435.6px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:6238.14px;white-space:nowrap">values.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:6771.74px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:7399.73px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:7722.45px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:8560.67px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:8827.39px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:9526.58px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8959.11px;left:10216.97px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:0px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:417.92px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:551.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:865.6px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:1383.67px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:2136.14px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:2497.25px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:2669.09px;white-space:nowrap">these&#160;Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:3575.8px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:3768.28px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:4438.03px;white-space:nowrap">Statements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:5329.7px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:5643.94px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:5910.33px;white-space:nowrap">values
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:6399.45px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:6586.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:6861.68px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:7380.56px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:8046.46px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:8286.3px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:8994.13px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9151.11px;left:9486.13px;letter-spacing:-0.24px;white-space:nowrap">approximate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:0px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:367.03px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:1169.58px;letter-spacing:-0.48px;white-space:nowrap">preference.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:2026.05px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:2727.97px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:3219.96px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:3486.68px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:4185.87px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:4876.26px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:5071.94px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:5489.86px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:5623.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:5937.54px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:6455.61px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:7208.08px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:7569.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:7741.03px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:8173.67px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:8647.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:8840.22px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9343.11px;left:9509.97px;white-space:nowrap">Statements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9703.99px;left:0px;white-space:nowrap">4.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9703.99px;left:360px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:9703.99px;left:1325.12px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10095.99px;left:0px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10095.99px;left:685.97px;letter-spacing:-0.2px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10095.99px;left:1451.68px;letter-spacing:-0.79px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10095.99px;left:1888.18px;white-space:nowrap">Securities:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:2844.68px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:3233.16px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:3642.27px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:3793.31px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:4593.14px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:4785.62px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:5244.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:5416.65px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:5964.8px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:6551.35px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:6874.07px;white-space:nowrap">securities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:7626.38px;white-space:nowrap">An
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:7869.58px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:8417.73px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:9004.28px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:9327px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:9916.43px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10111.11px;left:10067.46px;letter-spacing:-0.36px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:219.36px;white-space:nowrap">depositing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:1027.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:1155.51px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:1887.34px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:2311.17px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:2962.84px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:3155.32px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:3351px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:3567.48px;white-space:nowrap">&#8220;Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:4474.19px;white-space:nowrap">Bond&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:5070.18px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:5695.13px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:6035.6px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:6163.12px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:6557.36px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:7131.75px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:7498.95px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:7818.78px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:7946.3px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:8482.61px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:9116.68px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10303.11px;left:9632.04px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:0px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:423.84px;white-space:nowrap">(&#8220;TOB&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:1043.67px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:1404.62px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:2056.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:2248.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:2444.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:2719.97px;white-space:nowrap">&#8220;TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:3173.56px;letter-spacing:-1.84px;white-space:nowrap">Trust&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:3683.15px;letter-spacing:-0.36px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:4266.83px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:4486.19px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:4678.66px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:4859.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:5134.82px;letter-spacing:-0.29px;white-space:nowrap">direction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:5807.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:5993.84px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:6311.12px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:6503.6px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:6918.47px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:7440.23px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:7615.91px;letter-spacing:0.48px;white-space:nowrap">turn,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:7991.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:8267.42px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:8637.98px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:9022.93px;white-space:nowrap">issues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:9488.21px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10495.11px;left:9698.92px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:322.71px;text-rendering:optimizeLegibility;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:1134.22px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:1785.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:1978.37px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:2174.05px;white-space:nowrap">&#8220;Floaters&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:3039.32px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:3211.15px;white-space:nowrap">face
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:3552.11px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:4210.02px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:4651.62px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:4844.1px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:5276.89px;white-space:nowrap">fraction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:5857.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:6044.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:6319.59px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:7143.26px;letter-spacing:-2.54px;white-space:nowrap">Bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:7662.14px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:7940.53px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:8530.29px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:8722.76px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:9258.92px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:9724.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10687.11px;left:10038.59px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:216.48px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:764.63px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:1351.18px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:1673.9px;text-rendering:optimizeLegibility;white-space:nowrap">certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:2417.25px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:3068.92px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:3261.39px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:3457.07px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:3673.55px;white-space:nowrap">&#8220;Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:4308.59px;white-space:nowrap">Floater&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:4978.18px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:5300.89px;letter-spacing:-0.52px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:6088.88px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:6293.2px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:7048.71px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:7241.19px;letter-spacing:-0.32px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:7839.58px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:8413.97px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:8585.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:8861.33px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:9231.89px;letter-spacing:-2.1px;white-space:nowrap">Trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10879.11px;left:9661.32px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:0px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:624.95px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:927.35px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:1717.73px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:2571px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:3145.39px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:3536.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:3728.74px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:4101.69px;white-space:nowrap">parties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:4628.73px;white-space:nowrap">who
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:4972.56px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:5239.28px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:5568.23px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:6255.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:6383.11px;white-space:nowrap">right
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:6758.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:6951.41px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:7466.77px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:7833.8px;text-rendering:optimizeLegibility;white-space:nowrap">certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:8577.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:8891.39px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:9445.62px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:9649.78px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11071.11px;left:9928.17px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:453.44px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:794.39px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:1025.59px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:1387.03px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:1760.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:2035.82px;letter-spacing:-0.32px;white-space:nowrap">proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:2744.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:2930.85px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:3058.37px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:3958.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:4145.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:4421.07px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:5078.66px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:5298.02px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:5425.54px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:5775.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:5967.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:6243.29px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:6613.84px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:6998.8px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:7372.07px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:7499.59px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:7872.54px;white-space:nowrap">party
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:8281.18px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:8893.96px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11263.11px;left:9536.67px;white-space:nowrap">(&#8220;Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Provider&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:805.91px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:998.38px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:1217.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:1493.26px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:1816.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:2003.01px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:2477.09px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:2850.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:3125.88px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:3496.44px;letter-spacing:-2.1px;white-space:nowrap">Trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:3925.87px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:4240.11px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:4792.1px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:5337.05px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:5488.09px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:5982.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:6175.44px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:6302.96px;white-space:nowrap">long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:6667.44px;letter-spacing:0.58px;white-space:nowrap">term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:7046.31px;letter-spacing:-1.47px;white-space:nowrap">investor,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:7683.26px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:8050.94px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:8246.62px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:8563.89px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:8756.37px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:9171.25px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:9693px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11455.11px;left:10007.24px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:0px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:651.99px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:871.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:1146.87px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:1698.86px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:2243.82px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:2750.37px;white-space:nowrap">varies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:3203.64px;white-space:nowrap">inversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:3867.31px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:4207.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:4483.31px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:5273.69px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:5596.4px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:5957.84px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:6150.31px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:6725.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:6911.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:7187.26px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:7844.85px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:8159.09px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:8330.93px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:8727.88px;letter-spacing:-0.21px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:9768.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11647.11px;left:10043.55px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:0px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:544.95px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:1051.5px;white-space:nowrap">bears
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:1487.02px;white-space:nowrap">substantially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:2408.13px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:2612.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:2799.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:3074.68px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:3898.34px;letter-spacing:-2.54px;white-space:nowrap">Bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:4417.22px;white-space:nowrap">downside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:5152.09px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:5978.64px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:6259.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:6574.15px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:6903.11px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:7519.42px;letter-spacing:-0.15px;white-space:nowrap">disproportionately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:8872.84px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:9246.11px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11839.11px;left:9539.71px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:0px;letter-spacing:-0.22px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:936.15px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:1122.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:1398.38px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:2222.05px;letter-spacing:-2.54px;white-space:nowrap">Bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:2740.93px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:3206.36px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:3520.6px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:3941.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:4128.27px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:4344.75px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:4896.75px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:5441.7px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:5716.89px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:5948.09px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:6362.97px;white-space:nowrap">volatile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:6919.76px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:7278.31px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:7601.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:7787.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:8063.26px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:8886.93px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:9313.81px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12031.11px;left:9951.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:0px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:574.39px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:897.11px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:1048.14px;white-space:nowrap">dependent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:1883.82px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:2112.14px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:2393.57px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:2737.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:3012.92px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:3407.16px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:3994.19px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:4316.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:4503.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:4779.14px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:5602.81px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:6029.69px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:6314px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:6642.96px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:6871.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:7146.79px;letter-spacing:0.26px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:7937.18px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:8511.57px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:8873.01px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:9101.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:9376.84px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12223.11px;left:10034.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:0px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:637.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:912.95px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:1464.95px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:2009.9px;white-space:nowrap">essentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:2786.05px;white-space:nowrap">bears
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:3221.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:3497.08px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:3778.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:3965.07px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:4279.15px;white-space:nowrap">(and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:4634.99px;white-space:nowrap">possible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:5271.94px;white-space:nowrap">gain)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:5666.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:5852.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:6128.41px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:6688.08px;white-space:nowrap">face
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:7029.04px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:7449.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:7636.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:7912.23px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12415.11px;left:8735.9px;white-space:nowrap">Bond.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3731.96px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:5409.45px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:7021.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:8633.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3728.96px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3932.92px;left:0px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3932.92px;left:813.59px;white-space:nowrap">Investments:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:6522.42px;letter-spacing:0px;white-space:nowrap">2,970,114,307</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:8517.78px;white-space:nowrap">592,123*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4133.88px;left:9574.42px;white-space:nowrap">2,970,706,430</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:6522.42px;letter-spacing:0px;white-space:nowrap">2,970,114,307
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:8588.81px;white-space:nowrap">592,123
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4366.84px;left:9574.42px;white-space:nowrap">2,970,706,430
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4778.8px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:5409.45px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:7021.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:8633.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4775.8px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4979.76px;left:0px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4979.76px;left:813.59px;white-space:nowrap">Investments:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:6522.42px;letter-spacing:0px;white-space:nowrap">1,006,804,989</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:8610.57px;white-space:nowrap">76,031*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5180.72px;left:9574.42px;white-space:nowrap">1,006,881,020</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5381.67px;left:0px;letter-spacing:-1.57px;white-space:nowrap">Short-Term
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5381.67px;left:830.71px;white-space:nowrap">Investments:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:6749.62px;white-space:nowrap">22,800,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5582.63px;left:9801.62px;white-space:nowrap">22,800,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:6522.42px;letter-spacing:0px;white-space:nowrap">1,029,604,989
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:8681.61px;white-space:nowrap">76,031
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5815.59px;left:9574.42px;white-space:nowrap">1,029,681,020
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6227.55px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:5409.45px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:7021.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:8633.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6224.55px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6428.51px;left:0px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6428.51px;left:813.59px;white-space:nowrap">Investments:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:6656.82px;white-space:nowrap">293,970,541</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6629.47px;left:9708.82px;white-space:nowrap">293,970,541</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:6656.82px;white-space:nowrap">293,970,541
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:6862.43px;left:9708.82px;white-space:nowrap">293,970,541
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7274.39px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:5409.45px;letter-spacing:-0.48px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:5859.84px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:7021.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:7471.84px;white-space:nowrap">2</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:8633.45px;letter-spacing:-0.48px;white-space:nowrap">Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:9083.84px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7271.39px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7475.35px;left:0px;letter-spacing:-1.82px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7475.35px;left:813.59px;white-space:nowrap">Investments:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:360px;white-space:nowrap">Municipal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:1115.03px;white-space:nowrap">Bonds</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:4467.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:5899.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:6079.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:6749.62px;white-space:nowrap">84,456,117</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:7691.4px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:9123.2px;white-space:nowrap">&#8211;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7676.31px;left:9801.62px;white-space:nowrap">84,456,117</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:0px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:4467.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:5899.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:6079.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:6749.62px;white-space:nowrap">84,456,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:7691.4px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:9123.2px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:9281.4px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7909.27px;left:9801.62px;white-space:nowrap">84,456,117
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:0px;white-space:nowrap">*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:288px;letter-spacing:-0.28px;white-space:nowrap">Refer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:657.04px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:821.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:1063.03px;letter-spacing:-0.84px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:1521.24px;letter-spacing:-1.18px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:2088.66px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:2253.85px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:3053.1px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:3265.33px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:3900.92px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:4520.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:4692.61px;letter-spacing:-0.42px;white-space:nowrap">Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8366.23px;left:5060.25px;letter-spacing:-2.1px;white-space:nowrap">3.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">68</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:314.24px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:866.23px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1411.18px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1769.74px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1989.1px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2116.62px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2525.74px;white-space:nowrap">gives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2940.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3216.13px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3625.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3900.77px;white-space:nowrap">right
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4276.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4469.07px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4679.79px;white-space:nowrap">cause
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5130.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5406.03px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5980.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6167.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6442.97px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7056.08px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7248.56px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7763.91px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8130.95px;text-rendering:optimizeLegibility;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8942.45px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9123.09px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9401.49px;white-space:nowrap">(or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9635.56px;white-space:nowrap">slightly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10180.35px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:358.56px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:636.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:808.79px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1335.98px;letter-spacing:-0.18px;white-space:nowrap">circumstances),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2462.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2776.45px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3001.89px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3384.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3659.96px;white-space:nowrap">trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4198.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4385.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4661.07px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5031.63px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5416.58px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5733.7px;letter-spacing:-1.34px;white-space:nowrap">&#8220;Trustee&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6504.25px;white-space:nowrap">transfer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7084.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7360.08px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8183.75px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8610.62px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8969.18px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9188.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9464.05px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9834.61px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:10219.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:275.52px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:729.12px;letter-spacing:-0.36px;white-space:nowrap">thereby
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1318.71px;white-space:nowrap">collapsing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2086.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2361.58px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2732.13px;letter-spacing:-2.45px;white-space:nowrap">Trust.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:314.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:723.36px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:1064.31px;letter-spacing:-0.36px;white-space:nowrap">acquire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:1633.27px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:1849.75px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:2401.74px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:2946.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3118.53px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3246.05px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4072.44px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4549.56px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4685.55px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4896.27px;white-space:nowrap">transfers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:5544.74px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:5761.22px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:6584.89px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:7011.76px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:7334.48px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:7470.47px;white-space:nowrap">owns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:7882.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:8074.94px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:8202.46px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:8573.02px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:8957.97px;letter-spacing:-0.36px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9541.65px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9761.01px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9888.53px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:10261.48px;white-space:nowrap">party
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:192.48px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:417.91px;white-space:nowrap">transfers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:1066.38px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:1282.86px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2106.53px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2533.41px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2856.12px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2992.12px;white-space:nowrap">owns,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3448.59px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3641.07px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3963.78px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4099.78px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4384.42px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5169.85px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5341.69px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5469.21px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6242.8px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6778.95px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7605.34px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7845.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8120.69px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8754.76px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8941.48px;letter-spacing:-0.32px;white-space:nowrap">creating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9563.55px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9780.03px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:0px;letter-spacing:-1.64px;white-space:nowrap">Floater,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:574.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:767.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:894.71px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1265.26px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1650.22px;letter-spacing:-0.36px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2233.89px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2414.53px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2618.68px;letter-spacing:-0.26px;white-space:nowrap">direction,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3335.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3649.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3821.55px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4292.26px;letter-spacing:-0.32px;white-space:nowrap">receives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4914.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5190.18px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5742.17px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6287.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6473.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6749.36px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7119.91px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7504.87px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8156.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8349.01px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8544.69px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8672.21px;white-space:nowrap">&#8220;self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9821.64px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:0px;white-space:nowrap">Floater&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:714.07px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:868.31px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1277.43px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1618.38px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1947.34px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2635.01px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2851.49px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3403.49px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3948.44px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4120.28px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4247.8px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5021.39px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5557.54px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6383.93px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6757.2px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6884.72px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7257.68px;white-space:nowrap">party
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7666.31px;letter-spacing:-0.36px;white-space:nowrap">creator
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8211.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8397.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8673.49px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9044.05px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9429px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:10006.43px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:0px;white-space:nowrap">owning
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:568.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:844.47px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1668.14px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2095.01px;letter-spacing:-0.58px;white-space:nowrap">(referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2746.69px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2939.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3134.84px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3351.32px;letter-spacing:0.13px;white-space:nowrap">&#8220;externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4947.94px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5499.93px;white-space:nowrap">Floater&#8221;).</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:0px;white-space:nowrap">An
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:243.2px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1069.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1241.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1369.11px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2435.49px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2987.49px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3532.44px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3683.47px;white-space:nowrap">accounted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4477.87px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4717.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4913.38px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5040.9px;text-rendering:optimizeLegibility;white-space:nowrap">&#8220;financing&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5900.57px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6726.96px;white-space:nowrap">(i.e.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7073.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7201.35px;letter-spacing:-0.36px;white-space:nowrap">secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7805.99px;letter-spacing:-0.24px;white-space:nowrap">borrowing).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8668.06px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8949.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9077.01px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:0px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:551.99px;letter-spacing:-1.64px;white-space:nowrap">Floater,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1126.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1402.22px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2225.89px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2652.77px;white-space:nowrap">deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3423px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3742.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4018.35px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4388.91px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4773.86px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4924.9px;text-rendering:optimizeLegibility;white-space:nowrap">identified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5647.61px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5819.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6094.96px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6596.08px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7247.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7434.14px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8332.69px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8528.37px;white-space:nowrap">&#8220;(UB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8949.64px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9074.12px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9897.79px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:10321.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:216.48px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:764.63px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1351.18px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1673.9px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2034.85px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">reflected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2710.36px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2906.04px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3033.56px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3727.16px;white-space:nowrap">transaction,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4681.06px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5021.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5297.05px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5706.17px;letter-spacing:-0.24px;white-space:nowrap">recognizing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6580.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6775.92px;white-space:nowrap">liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7486.31px;white-space:nowrap">labeled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8064.06px;white-space:nowrap">&#8220;Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8775.09px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:9097.81px;white-space:nowrap">obligations&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:10019.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:10247.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:779.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:965.75px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1466.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1780.78px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2532.77px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2743.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3019px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3821.55px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4242.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4429.22px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5042.33px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5537.21px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5756.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6032.08px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6402.64px;letter-spacing:-2.1px;white-space:nowrap">Trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6832.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7146.31px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7371.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7647.27px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8237.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8423.74px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8717.33px;letter-spacing:-0.26px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9561.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9780.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:10056.35px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:0px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:384.95px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:758.23px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:885.75px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1540.14px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2176.93px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2369.4px;white-space:nowrap">enable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2899.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3175.48px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3546.03px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3930.99px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4123.46px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4811.14px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5708.73px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6321.84px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6493.67px;white-space:nowrap">lieu
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6792.87px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6979.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7107.11px;letter-spacing:-0.22px;white-space:nowrap">remarketing.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8052.06px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8227.73px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8909px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9184.52px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9593.64px;letter-spacing:-0.26px;white-space:nowrap">recognizes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:10399.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:0px;white-space:nowrap">&#8220;Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:913.43px;white-space:nowrap">Income&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1569.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1844.94px;letter-spacing:-0.41px;white-space:nowrap">entire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2298.06px;letter-spacing:0.32px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2952.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3139.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3415px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4238.67px;white-space:nowrap">Bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4710.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5024.27px;letter-spacing:-0.26px;white-space:nowrap">recognizes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5830.34px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6041.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6316.57px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6890.96px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7252.4px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7444.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7720.39px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8295.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8481.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8757.34px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9370.45px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9562.92px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9791.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:10066.76px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:0px;letter-spacing:-4.06px;white-space:nowrap">Trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:476.83px;letter-spacing:-0.24px;white-space:nowrap">borrowings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1365.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1679.45px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1904.76px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2328.15px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3039.55px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3584.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3776.73px;letter-spacing:-0.22px;white-space:nowrap">remarketing,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4721.56px;white-space:nowrap">administration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5826.05px;white-space:nowrap">trustee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6409.28px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7021.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7336.06px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7759.45px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8363.8px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8556.16px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8683.55px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9053.99px;letter-spacing:-2.1px;white-space:nowrap">Trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9483.3px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9678.85px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9806.25px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:186.72px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:847.99px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1491.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1805.58px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2735.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2922.2px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3520.59px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4009.55px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4237.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4513.38px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:5292.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:5479.13px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:6367.92px;letter-spacing:0.32px;white-space:nowrap">Earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7028.55px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7348.71px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7721.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7997.5px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:8821.17px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:9248.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:9562.28px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:10136.67px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:192.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:467.99px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:1042.71px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:1229.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:1504.94px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2118.05px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2313.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2500.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2775.96px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:3096.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:3282.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:3558.35px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4266.02px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4781.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:5048.09px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:5883.76px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:6079.44px;white-space:nowrap">components
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:7013.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:7199.75px;white-space:nowrap">&#8220;Receivable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:8100.86px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:8340.69px;letter-spacing:-0.29px;white-space:nowrap">interest&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:8998.13px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:9312.36px;white-space:nowrap">&#8220;Payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:10000.04px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:0px;letter-spacing:-0.29px;white-space:nowrap">interest&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:657.43px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:885.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1161.27px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1940.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2127.01px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2627.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2942.05px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:3694.03px;letter-spacing:-1.35px;white-space:nowrap">respectively.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:0px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:175.68px;white-space:nowrap">contrast,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:836.15px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:1052.63px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:1879.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:2051.02px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:2267.5px;letter-spacing:0.14px;white-space:nowrap">externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:3781.07px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4333.07px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4878.02px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:5029.06px;white-space:nowrap">accounted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:5823.45px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6063.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6258.96px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6386.48px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7074.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7260.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7536.39px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8088.38px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8633.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8947.57px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:9098.61px;text-rendering:optimizeLegibility;white-space:nowrap">identified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:9821.32px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:9993.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:0px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:501.12px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:1152.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:1339.18px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2237.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2433.41px;white-space:nowrap">&#8220;(IF)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2775.32px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:2899.8px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:3451.8px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:4038.35px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:4361.06px;white-space:nowrap">investment.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:5315.13px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:5596.57px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:5813.05px;letter-spacing:0.14px;white-space:nowrap">externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:7326.62px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:7878.62px;letter-spacing:-1.64px;white-space:nowrap">Floater,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:8453.33px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:8580.85px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:9081.97px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:9861px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:10047.71px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:314.24px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:1021.75px;letter-spacing:-0.26px;white-space:nowrap">recognizes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:1827.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:2103.33px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:2655.33px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:3200.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:3514.52px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:3795.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:4071.47px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:4895.14px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:5322.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:5517.7px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:5734.17px;white-space:nowrap">asset,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:6184.57px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:6498.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:6774.33px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:7183.44px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:7577.68px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:7859.12px;letter-spacing:-0.29px;white-space:nowrap">recognize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:8597.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:8872.55px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:9530.14px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:9722.61px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4272px;left:10016.21px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:0px;letter-spacing:-0.26px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:844.15px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:1217.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:1344.94px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:1999.33px;letter-spacing:-1.76px;white-space:nowrap">Provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2665.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2861.56px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:2989.08px;letter-spacing:-1.34px;white-space:nowrap">liability.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:3566.35px;letter-spacing:-1.05px;white-space:nowrap">Additionally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:4496.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:4772.09px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:5181.21px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reflects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:5738.16px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:5910px;white-space:nowrap">&#8220;Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:6823.43px;white-space:nowrap">Income&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:7479.42px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:7823.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:8098.77px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:8374.29px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:8964.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:9150.76px;letter-spacing:0.32px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:9805.47px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4464px;left:10033.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:0px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:551.99px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:1096.95px;white-space:nowrap">(net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:1414.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:1600.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:1876.3px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:2450.69px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:2812.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:3004.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:3280.12px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:3854.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:4041.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:4317.06px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:4930.17px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:5122.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:5398.17px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:6052.56px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:6689.35px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:6885.02px;letter-spacing:-1.84px;white-space:nowrap">lender,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:7415.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:7729.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:8005.18px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:8716.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:8903.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:9178.93px;letter-spacing:-1.84px;white-space:nowrap">Trust),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:9649.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:9964.2px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4656px;left:10358.43px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:0px;white-space:nowrap">show
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:411.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:687.51px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:1277.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:1463.98px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:1786.7px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:2361.09px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:2722.52px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:2915px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:3190.52px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:3902.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:4088.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:4364.27px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:4734.82px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:5119.78px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:5315.46px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:6067.93px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:6554.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:6749.84px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:7324.23px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:7967.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:8195.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:8471.43px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:9250.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4848px;left:9437.17px;white-space:nowrap">Operations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:0px;white-space:nowrap">Fees
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:379.52px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:740.95px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:1155.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:1431.51px;letter-spacing:-0.32px;white-space:nowrap">creation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2050.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2237.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2364.94px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2735.49px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:3120.45px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:3360.28px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:4426.67px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:4978.66px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:5591.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:5906.01px;letter-spacing:0.14px;white-space:nowrap">externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:7419.58px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:7971.58px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8584.69px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8851.41px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:9687.08px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:9882.76px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:10214.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:275.52px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:613.27px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1013.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1199.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1475.5px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2027.5px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2572.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2886.68px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3153.4px;white-space:nowrap">capitalized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3962.03px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:4320.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:4596.1px;letter-spacing:0.58px;white-space:nowrap">term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:4974.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5161.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5437.21px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5807.77px;letter-spacing:-2.45px;white-space:nowrap">Trust.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:409.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:684.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:1004.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:1191.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:1467.02px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2174.69px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2734.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:3010.04px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:3795.15px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:4216.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:4402.83px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5015.94px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5510.81px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5730.17px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:6112.73px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:6613.85px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:6984.4px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:7369.36px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:7609.19px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:8675.58px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:9227.57px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:9840.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:0px;letter-spacing:0.14px;white-space:nowrap">externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:1513.58px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:2065.57px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:2678.68px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:2989.88px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5904px;left:3185.56px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:530.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:805.75px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:1350.71px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:1747.82px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:2307.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:2583.17px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:3199.64px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:3789.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:3976.11px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:4589.22px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:5330.01px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:5623.61px;letter-spacing:-0.26px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:6467.76px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:6841.03px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:6968.55px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:7622.94px;letter-spacing:-0.29px;white-space:nowrap">Provider)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:8301.33px;white-space:nowrap">outstanding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:9243.4px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:9557.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8673.24px;left:9833.15px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:0px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:515.84px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:1090.23px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:1481.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:1795.34px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:2133.26px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:2678.21px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:2870.69px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:3937.07px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:4489.07px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:5146.66px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:5534.81px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8865.24px;left:5730.49px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:0px;white-space:nowrap">TOB
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:370.56px;letter-spacing:-2.1px;white-space:nowrap">Trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:823.67px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:1090.39px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:1875.34px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:2094.69px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:2222.21px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:2835px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:3332.43px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:4019.78px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:4239.14px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:4366.66px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:5021.05px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:5657.84px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:6324.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:6516.87px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:6970.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:7245.82px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:7900.21px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:8537px;letter-spacing:-0.36px;white-space:nowrap">agrees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:9103.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:9274.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:9550.43px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11370.47px;left:9992.03px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:0px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:613.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:879.83px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:1090.55px;letter-spacing:-0.32px;white-space:nowrap">tendered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:1789.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:1982.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:2257.73px;letter-spacing:-1.84px;white-space:nowrap">Trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:2820.61px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:3060.44px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:3960.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:4275.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:4550.67px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:5451.14px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:5845.37px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:6126.81px;letter-spacing:-2.1px;white-space:nowrap">occur,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:6592.24px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:6784.72px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:7010.15px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:7567.11px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:7759.58px;white-space:nowrap">mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:8571.41px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:9086.77px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:9753.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11562.47px;left:9945.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:0px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:447.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:633.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:909.27px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:1279.82px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:1664.78px;letter-spacing:-0.26px;white-space:nowrap">agreement,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:2530.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:2722.52px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:3178.52px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:3866.19px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:4479.3px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:4671.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:4864.26px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:5453.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:5729.37px;letter-spacing:-1.84px;white-space:nowrap">Trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:6292.24px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:6632.71px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:6849.19px;white-space:nowrap">advance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:7489.67px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:7862.94px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:7990.46px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:8340.22px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:8837.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:9030.12px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:9397.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:9673.16px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11754.47px;left:10360.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:0px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:613.11px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:832.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:1107.99px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:1478.54px;letter-spacing:-2.1px;white-space:nowrap">Trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:1907.98px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:2083.65px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:2610.85px;letter-spacing:-0.19px;white-space:nowrap">circumstances,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:3695.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:3970.99px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:4625.38px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:5262.17px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:5603.13px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:6337.68px;white-space:nowrap">elect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:6728.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:6921.19px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:7303.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:7579.27px;letter-spacing:-1.84px;white-space:nowrap">Trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:8142.14px;white-space:nowrap">sell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:8420.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:8696.05px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:9519.72px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:9946.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11946.47px;left:10139.07px;letter-spacing:-0.82px;white-space:nowrap">retire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:275.52px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:888.63px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:1211.34px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:1599.5px;letter-spacing:-0.32px;white-space:nowrap">tendered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:2298.69px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:2612.93px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:2894.37px;letter-spacing:-0.26px;white-space:nowrap">remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:3756.44px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:4138.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:4330.66px;letter-spacing:-0.29px;white-space:nowrap">providing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:5056.41px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:5424.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:5551.61px;white-space:nowrap">loan.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:5945.85px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:6121.53px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:6554.16px;letter-spacing:-0.19px;white-space:nowrap">circumstances,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:7638.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:7914.31px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:8568.7px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:9205.49px;letter-spacing:-0.36px;white-space:nowrap">remains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12138.47px;left:9804.04px;white-space:nowrap">obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:192.48px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:782.07px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:909.59px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:1259.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:1451.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:1727.34px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:2222.05px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:2544.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:2820.28px;letter-spacing:-0.32px;white-space:nowrap">proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:3528.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:3715.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:3990.83px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:4313.87px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:4500.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:4776.1px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:5599.77px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:6026.65px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:6293.36px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:6574.8px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">sufficient
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:7253.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:7445.83px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:7748.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:8023.74px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:8711.42px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:9111.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:9297.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12330.47px;left:9573.49px;white-space:nowrap">Floaters.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6928.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6320.96px;left:5998.57px;letter-spacing:-0.18px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6320.96px;left:6679.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6512.96px;left:5673.14px;letter-spacing:-0.12px;white-space:nowrap">Obligations:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6512.96px;left:6679.21px;white-space:nowrap">Self-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6704.96px;left:6218.73px;white-space:nowrap">Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6896.96px;left:5793.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6896.96px;left:6403.53px;letter-spacing:-0.2px;white-space:nowrap">Floaters</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6320.96px;left:7798.57px;letter-spacing:-0.18px;white-space:nowrap">Floating
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6320.96px;left:8479.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6512.96px;left:7861.14px;letter-spacing:-0.12px;white-space:nowrap">Obligations:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6704.96px;left:7180.99px;white-space:nowrap">Externally-Deposited</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6896.96px;left:7593.78px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6896.96px;left:8203.53px;letter-spacing:-0.2px;white-space:nowrap">Floaters</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:6896.96px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7259.4px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:5227.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:7027.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:8641.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:8827.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7212.28px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7569.72px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7522.6px;left:6111.62px;white-space:nowrap">33,485,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7522.6px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7522.6px;left:9711.62px;white-space:nowrap">33,485,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7880.04px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7832.92px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7832.92px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7832.92px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8190.36px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8143.24px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8143.24px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8143.24px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9698.19px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9282.19px;left:7492.82px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9282.19px;left:8186.57px;letter-spacing:-0.2px;white-space:nowrap">Floating</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9474.19px;left:7526.26px;letter-spacing:-0.7px;white-space:nowrap">Rate
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9474.19px;left:7914.25px;letter-spacing:-0.15px;white-space:nowrap">Obligations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9666.19px;left:7852.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9282.19px;left:9386.09px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9282.19px;left:10076.97px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9474.19px;left:9644.01px;letter-spacing:-0.32px;white-space:nowrap">Interest
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9474.19px;left:10279.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9666.19px;left:9916.01px;white-space:nowrap">And
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9666.19px;left:10276.48px;letter-spacing:-1.92px;white-space:nowrap">Fees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10028.63px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9981.51px;left:7027.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9981.51px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9981.51px;left:10397.92px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9981.51px;left:10493.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10338.95px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10291.83px;left:7911.62px;white-space:nowrap">33,485,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10291.83px;left:10307.21px;white-space:nowrap">3.79</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10649.27px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.15px;left:8641.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10602.15px;left:10531.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10959.59px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10912.47px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10912.47px;left:10531.2px;white-space:nowrap">&#8212;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">69</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:637.92px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:314.24px;white-space:nowrap">size
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:622.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:809.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1084.63px;white-space:nowrap">commitment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2032.61px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2494.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2770.37px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3120.12px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3617.55px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3857.39px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3984.91px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4420.58px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4791.14px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5176.09px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5327.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5507.77px;white-space:nowrap">least
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5883.92px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6325.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6518px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6793.51px;white-space:nowrap">balance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7395.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7581.98px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7904.7px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8275.26px;letter-spacing:-4.06px;white-space:nowrap">Trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8752.21px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9649.8px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10262.91px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:293.6px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:904.15px;letter-spacing:-0.29px;white-space:nowrap">interest.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1523.02px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1698.7px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2708.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2895.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3171.16px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3520.92px;letter-spacing:-1.47px;white-space:nowrap">facility,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4048.11px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4317.87px;white-space:nowrap">schedules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5067.78px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5334.5px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5506.34px;white-space:nowrap">place
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5936.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6250.33px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6517.05px;letter-spacing:-0.36px;white-space:nowrap">charged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7145.37px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7364.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7640.24px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8294.63px;letter-spacing:-0.22px;white-space:nowrap">Provider(s).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9127.26px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9447.58px;white-space:nowrap">loans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9865.49px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:219.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:494.88px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1149.27px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1786.05px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2061.25px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2292.45px;letter-spacing:-0.36px;white-space:nowrap">secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2897.08px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3116.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3391.96px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4177.39px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4790.5px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5149.06px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5368.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5643.94px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6014.49px;letter-spacing:-2.1px;white-space:nowrap">Trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6443.93px;letter-spacing:-0.32px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7022.16px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7383.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7611.91px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7905.51px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8803.1px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9152.85px;white-space:nowrap">balances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9822.77px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:10097.96px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;letter-spacing:-0.24px;white-space:nowrap">effectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:764.47px;letter-spacing:0.48px;white-space:nowrap">borne
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1235.5px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1454.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1730.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2139.5px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2462.21px;white-space:nowrap">owns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2874.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3149.72px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3701.72px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4314.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4501.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4777.06px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5147.62px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5532.57px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5855.29px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6139.93px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6767.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7043.44px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7819.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8133.66px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8474.62px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8705.82px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8886.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9013.97px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9336.69px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9659.4px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9810.44px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:0px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:358.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:634.07px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:956.79px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1279.5px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1759.5px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2142.06px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2551.17px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2912.61px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3226.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3502.37px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4115.48px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4524.59px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5395.94px;letter-spacing:-0.26px;white-space:nowrap">remarketed.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:222.4px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:974.87px;white-space:nowrap">above,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1505.58px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1799.18px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2457.09px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3354.68px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3816.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3944.44px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4557.23px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5054.66px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5321.37px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6157.05px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6352.72px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6480.24px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7345.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7532.39px;white-space:nowrap">&#8220;Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8243.42px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8566.14px;white-space:nowrap">obligations&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9487.4px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9715.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:0px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:779.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:965.75px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1466.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1780.78px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2488.29px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2707.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2983.16px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3392.28px;white-space:nowrap">holding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:3981.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:4257.39px;letter-spacing:-0.21px;white-space:nowrap">corresponding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5338.82px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:5890.81px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6503.92px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:6998.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7218.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:7493.67px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8269.66px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:8640.21px;letter-spacing:-2.1px;white-space:nowrap">Trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9069.65px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9292.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9478.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:9754.28px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:10074.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:10261.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:0px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:707.67px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1267.5px;letter-spacing:-0.48px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1682.22px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2070.37px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2298.69px;white-space:nowrap">loans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2716.61px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3614.19px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4076.43px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4370.03px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4737.71px;letter-spacing:-1.64px;white-space:nowrap">facility.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:0px;white-space:nowrap">Each
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:797.6px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1138.55px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1467.51px;white-space:nowrap">enter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1885.1px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2204.94px;white-space:nowrap">shortfall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2814.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3129.08px;white-space:nowrap">forbearance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4029.87px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4918.82px;white-space:nowrap">(sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5778.17px;letter-spacing:-0.64px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6388.24px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6580.72px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6776.4px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6903.92px;letter-spacing:-0.29px;white-space:nowrap">&#8220;recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7641.83px;white-space:nowrap">arrangement&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8726.3px;white-space:nowrap">(TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9138.45px;letter-spacing:-2.1px;white-space:nowrap">Trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9591.57px;white-space:nowrap">involving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:0px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:367.68px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1256.63px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1523.35px;letter-spacing:-0.64px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2133.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2325.9px;letter-spacing:-0.41px;white-space:nowrap">herein
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2814.86px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3010.53px;white-space:nowrap">&#8220;Recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3793.09px;letter-spacing:-1.47px;white-space:nowrap">Trusts&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4415.32px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4877.55px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5330.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5458.51px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5867.63px;letter-spacing:-0.41px;white-space:nowrap">agrees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6389.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6581.7px;letter-spacing:-0.29px;white-space:nowrap">reimburse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7337.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7612.57px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8266.96px;letter-spacing:-0.32px;white-space:nowrap">Provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8903.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9143.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9419.1px;letter-spacing:-4.06px;white-space:nowrap">Trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9896.05px;white-space:nowrap">Floaters,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:171.84px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:699.03px;letter-spacing:-0.19px;white-space:nowrap">circumstances,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1783.66px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2023.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2299.01px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2888.76px;white-space:nowrap">(if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3060.6px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3395.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3615.16px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4068.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4344.11px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5146.66px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5567.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5754.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6029.85px;white-space:nowrap">Underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6853.52px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7280.39px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7638.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7858.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8133.82px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8504.38px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8889.33px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:9230.29px;white-space:nowrap">fall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:9481.97px;white-space:nowrap">short
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:9884.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:10071.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:0px;white-space:nowrap">sum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:337.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:524.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:800.15px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1602.7px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2023.65px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2210.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2485.89px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3099px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3593.87px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3813.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4088.75px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4459.31px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4844.26px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5182.02px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5475.62px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6133.53px;letter-spacing:-0.32px;white-space:nowrap">borrowed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6871.12px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7090.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7365.99px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7736.55px;letter-spacing:-2.45px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8121.5px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8494.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8770.29px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9424.68px;letter-spacing:-1.76px;white-space:nowrap">Provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:10091.23px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:293.6px;white-space:nowrap">shortfalls
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:971.67px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1143.5px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1717.9px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2079.65px;text-rendering:optimizeLegibility;white-space:nowrap">flows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2488.61px;white-space:nowrap">(sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3347.95px;letter-spacing:-0.64px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3958.03px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4150.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4346.18px;white-space:nowrap">&#8220;shortfall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5039.13px;white-space:nowrap">payments&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5946.16px;white-space:nowrap">Under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6429.19px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6861.83px;letter-spacing:-0.24px;white-space:nowrap">agreements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7795.26px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7922.78px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8423.9px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9105.01px;letter-spacing:-0.32px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9804.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9997px;white-space:nowrap">losses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:0px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:544.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:737.43px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:929.9px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1158.22px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1374.7px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1926.7px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2471.65px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2812.6px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3440.92px;white-space:nowrap">beyond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4030.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4306.35px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4727.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4914.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5189.54px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5741.54px;white-space:nowrap">Floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6286.49px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6482.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6609.69px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7018.81px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7359.76px;white-space:nowrap">potentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8156.39px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8387.59px;white-space:nowrap">liable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8817.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9009.5px;text-rendering:optimizeLegibility;white-space:nowrap">fulfill
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9391.41px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9595.73px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:0px;white-space:nowrap">owed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:441.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:634.07px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1208.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1395.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1671.02px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2284.13px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2476.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2752.12px;white-space:nowrap">Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3406.51px;letter-spacing:-1.76px;white-space:nowrap">Provider.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4073.06px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4393.38px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4761.05px;white-space:nowrap">shortfall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5370.96px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5960.72px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6132.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6408.07px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7193.18px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7344.22px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8179.89px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8375.57px;letter-spacing:-0.24px;white-space:nowrap">&#8220;Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9255.72px;letter-spacing:-0.22px;white-space:nowrap">depreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:10197.79px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:0px;white-space:nowrap">Recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:699.51px;letter-spacing:-1.84px;white-space:nowrap">Trusts&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1235.66px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1463.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1739.5px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2518.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2705.25px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3206.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3520.28px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:409.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:684.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1004.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1191.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1467.02px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:2011.98px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:2409.09px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:2968.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3244.44px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3721.72px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:4462.67px;letter-spacing:-0.32px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:5162.19px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:5354.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:5630.18px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6243.29px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6738.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6957.52px;white-space:nowrap">Recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:7657.03px;letter-spacing:-2.1px;white-space:nowrap">Trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8110.15px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8349.98px;white-space:nowrap">self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:9416.36px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:9968.36px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:314.24px;letter-spacing:0.14px;white-space:nowrap">externally-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:1827.81px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:2379.81px;white-space:nowrap">Floaters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:2992.92px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:3304.12px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:3499.79px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6474.12px;left:0px;letter-spacing:-1.08px;white-space:nowrap">Zero
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6474.12px;left:446.22px;letter-spacing:-0.31px;white-space:nowrap">Coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6474.12px;left:1181.51px;white-space:nowrap">Securities:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:2138.02px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:2292.25px;letter-spacing:-0.58px;white-space:nowrap">zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:2638.97px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:3226px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:3815.44px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:4209.67px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:4491.11px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:4793.5px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:4921.02px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:5465.98px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:6040.37px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:6627.4px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:6819.88px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:7024.03px;white-space:nowrap">holders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:7598.75px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:8108.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:8383.7px;white-space:nowrap">life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:8641.29px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:8828.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:9103.53px;letter-spacing:-1.47px;white-space:nowrap">security.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:9722.72px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6489.24px;left:10295.67px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:275.52px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:782.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:968.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:1244.3px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:1833.74px;white-space:nowrap">comes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:2343.65px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:2716.92px;letter-spacing:-0.29px;white-space:nowrap">accretion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:3413.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:3599.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:3875.47px;letter-spacing:-0.52px;white-space:nowrap">difference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:4631.14px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:5297.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:5573.37px;white-space:nowrap">original
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:6150.8px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:6838.48px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:7238.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:7425.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:7700.55px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:8289.98px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:8470.62px;white-space:nowrap">issuance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:9116.85px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:9431.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:9706.61px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6681.24px;left:9985px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:186.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:462.23px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:1051.67px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:1232.3px;white-space:nowrap">maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:1859.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:2174.21px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:2325.25px;letter-spacing:-0.24px;white-space:nowrap">effectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:3089.72px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:3451.15px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:3631.79px;letter-spacing:-1.47px;white-space:nowrap">maturity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:4289.22px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:4603.46px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:5139.61px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:5607.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:5794.32px;letter-spacing:-0.58px;white-space:nowrap">zero
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:6141.04px;white-space:nowrap">coupon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:6728.07px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:7435.9px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:8135.09px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:8401.81px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:8816.68px;white-space:nowrap">volatile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:9373.47px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:9732.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6873.24px;left:10007.55px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:0px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:467.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:654.71px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:1362.54px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:1685.25px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:1987.65px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7065.24px;left:2562.04px;letter-spacing:-1.13px;white-space:nowrap">periodically.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:7410.12px;left:0px;letter-spacing:-1.1px;white-space:nowrap">Purchases
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:7410.12px;left:911.69px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:7410.12px;left:1287.89px;white-space:nowrap">Sales:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:1846.25px;letter-spacing:0.29px;white-space:nowrap">Long-term
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:2640px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:3395.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:3710.08px;white-space:nowrap">sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:4101.27px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:4610.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:4886.22px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">current&#160;fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:5828.29px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:6343.64px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:6731.8px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7425.24px;left:6927.48px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:314.24px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:791.52px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:1132.47px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:1820.15px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:2527.98px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:2756.3px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:2883.82px;white-space:nowrap">when-issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:3814.37px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:4006.84px;white-space:nowrap">delayed-delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:5236.43px;white-space:nowrap">basis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:5680.9px;white-space:nowrap">Securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:6409.53px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:7194.97px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:7423.29px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:7550.81px;white-space:nowrap">when-issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:8481.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:8673.83px;white-space:nowrap">delayed-delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:9903.42px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9309.03px;left:10303.41px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:0px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:382.56px;white-space:nowrap">extended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:1108.63px;white-space:nowrap">settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:1911.18px;white-space:nowrap">periods;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:2539.17px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:3113.56px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:3682.68px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:3833.72px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:4115.15px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:4725.71px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:5078.02px;white-space:nowrap">settlement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:5880.57px;white-space:nowrap">date.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:6292.4px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:6612.72px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:7320.55px;white-space:nowrap">so
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:7528.07px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:8313.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:8580.22px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:9137.18px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:9329.65px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9501.03px;left:9865.8px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:0px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:509.43px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:802.55px;white-space:nowrap">period.&#160;If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:1496.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:1623.98px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:2033.1px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:2317.73px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:3215.32px;white-space:nowrap">when-issued/delayed-delivery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:5390.18px;letter-spacing:-0.29px;white-space:nowrap">purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:6146.01px;white-space:nowrap">commitments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:7162.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:7357.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:7544.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:7820.07px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:8140.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:8326.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:8602.46px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:9310.13px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.03px;left:9869.96px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:0px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:657.91px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:924.63px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:1760.3px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:1988.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:2264.14px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:3043.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:3229.89px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:3730.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.03px;left:4044.92px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10245.91px;left:0px;white-space:nowrap">5.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10245.91px;left:360px;white-space:nowrap">Derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10245.91px;left:1476.7px;white-space:nowrap">Investments</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:0px;white-space:nowrap">Each
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:797.6px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:948.63px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:1748.46px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:1940.94px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:2400.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:2571.97px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:3099.16px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:3839.63px;white-space:nowrap">instruments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:4754.82px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:4977.22px;text-rendering:optimizeLegibility;white-space:nowrap">defined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:5570.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:5789.37px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:6121.53px;letter-spacing:-4.08px;white-space:nowrap">GAAP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:6621.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:6749.36px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:7489.83px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:7640.87px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:7768.39px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:8396.7px;white-space:nowrap">instrument
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:9199.25px;white-space:nowrap">whose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:9700.21px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.03px;left:10121.16px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:0px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:586.55px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:959.83px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:1176.31px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:1979.18px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:2568.61px;white-space:nowrap">price,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:3012.92px;letter-spacing:-0.36px;white-space:nowrap">foreign
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:3563.96px;white-space:nowrap">exchange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:4299.31px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:4666.51px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:5240.9px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:5608.09px;white-space:nowrap">index
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:6043.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:6230.49px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:6698.48px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:6890.95px;white-space:nowrap">rates,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:7326.31px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:7518.78px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:7942.3px;white-space:nowrap">variables.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:8659.25px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:9557.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.03px;left:9729.64px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:195.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:382.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:657.91px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:978.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:1164.79px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:1686.22px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:2195.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:2471.17px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:3016.13px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:3413.24px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:3973.07px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:4103.31px;letter-spacing:-2.94px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:4426.67px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:4693.39px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:5354.18px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:5822.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:6097.53px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:6876.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:7063.28px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:7564.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:7878.31px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:8585.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:8900.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:9175.57px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.03px;left:9954.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.03px;left:0px;white-space:nowrap">Operations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.03px;left:888.79px;letter-spacing:-1.35px;white-space:nowrap">respectively.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11549.91px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Market
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11549.91px;left:668.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11549.91px;left:1044.35px;letter-spacing:-0.33px;white-space:nowrap">Counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11549.91px;left:2251.42px;letter-spacing:-0.46px;white-space:nowrap">Credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11549.91px;left:2835.69px;white-space:nowrap">Risk:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:3305.12px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:3480.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:3756.32px;letter-spacing:0.41px;white-space:nowrap">normal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:4298.39px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:4814.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:5000.78px;letter-spacing:0px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:5652.78px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:6035.33px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:6444.45px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:6785.41px;white-space:nowrap">invest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:7244.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:7416.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:8044.76px;white-space:nowrap">instruments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:8915.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:9229.7px;white-space:nowrap">enter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:9647.3px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11565.03px;left:9967.13px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:0px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:894.55px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:1371.66px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:1652.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:1839.65px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:2520.76px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:2834.84px;white-space:nowrap">exists
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:3273.23px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:3593.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:3785.86px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:4423.3px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:4595.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:4870.66px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:5406.81px;white-space:nowrap">(market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:5984.56px;white-space:nowrap">risk)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:6307.43px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:6499.91px;letter-spacing:-0.36px;white-space:nowrap">failure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:6979.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:7166.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:7441.98px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:7865.49px;white-space:nowrap">party
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:8274.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:8466.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:8742.12px;white-space:nowrap">transaction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:9568.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11757.03px;left:9760.98px;letter-spacing:0.36px;white-space:nowrap">perform
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:0px;white-space:nowrap">(counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:995.34px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:1445.42px;white-space:nowrap">risk).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:1812.77px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:2127.01px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:2808.12px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:3122.19px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:3563.79px;white-space:nowrap">exceed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:4127.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:4402.66px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:4823.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:5010.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:5285.85px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:5914.17px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:6388.24px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:7078.63px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:7306.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:7582.47px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:8210.78px;white-space:nowrap">statements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:9081.65px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11949.03px;left:9751.4px;white-space:nowrap">assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:453.44px;white-space:nowrap">potentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:1250.06px;white-space:nowrap">expose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:1810.38px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:2192.93px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:2602.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:2794.53px;white-space:nowrap">counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:3748.27px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:4198.35px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:4524.1px;white-space:nowrap">consist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:5057.37px;white-space:nowrap">principally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:5830.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:6017.04px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:6378.79px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:6698.95px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:7072.23px;white-space:nowrap">counterparties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:8144.37px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:8372.69px;letter-spacing:-0.32px;white-space:nowrap">forward,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:9003.56px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:9516.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12141.03px;left:9830.27px;white-space:nowrap">swap
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:0px;white-space:nowrap">transactions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:939.03px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:1365.9px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:2195.49px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:2509.73px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:3004.45px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:3191.16px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:3573.72px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:4074.84px;letter-spacing:-0.32px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:4774.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:4966.83px;white-space:nowrap">counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:5920.57px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:6370.65px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:6651.92px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:6823.76px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:7392.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:7585.03px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:8017.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:8645.98px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:9120.05px;letter-spacing:-0.22px;white-space:nowrap">approximates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12333.03px;left:10133.32px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:0px;white-space:nowrap">carrying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:613.11px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:1034.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:1229.75px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:1920.14px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:2148.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:2423.97px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:3203.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:3389.72px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:3890.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12525.03px;left:4204.75px;white-space:nowrap">Liabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4720.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4112.96px;left:5479.53px;white-space:nowrap">Maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4112.96px;left:6299.21px;letter-spacing:-0.36px;white-space:nowrap">Exposure</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:5572.98px;white-space:nowrap">to
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:5773.62px;letter-spacing:-0.21px;white-space:nowrap">Recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:6523.37px;letter-spacing:-2.06px;white-space:nowrap">Trusts:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4496.96px;left:5870.74px;white-space:nowrap">Self-Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4688.96px;left:5793.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4688.96px;left:6403.53px;letter-spacing:-0.2px;white-space:nowrap">Floaters</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4112.96px;left:7279.53px;white-space:nowrap">Maximum
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4112.96px;left:8099.21px;letter-spacing:-0.36px;white-space:nowrap">Exposure</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:7372.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:7573.62px;letter-spacing:-0.21px;white-space:nowrap">Recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4304.96px;left:8323.37px;letter-spacing:-2.06px;white-space:nowrap">Trusts:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4496.96px;left:7180.99px;white-space:nowrap">Externally-Deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4688.96px;left:7593.78px;white-space:nowrap">Inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4688.96px;left:8203.53px;letter-spacing:-0.2px;white-space:nowrap">Floaters</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4688.96px;left:10250.73px;letter-spacing:-3.07px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5051.4px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:5227.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:7027.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:8641.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:8827.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5004.28px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5361.72px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5314.6px;left:6111.62px;white-space:nowrap">33,485,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5314.6px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5314.6px;left:9711.62px;white-space:nowrap">33,485,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5672.04px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5624.92px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5624.92px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5624.92px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5982.36px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5935.24px;left:6841.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5935.24px;left:8641.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5935.24px;left:10441.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8066.19px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8034.19px;left:8416.81px;letter-spacing:-1.08px;white-space:nowrap">Purchases</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7842.19px;left:9889.13px;white-space:nowrap">Sales
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7842.19px;left:10332.8px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8034.19px;left:9839.21px;letter-spacing:-0.16px;white-space:nowrap">Maturities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8304.15px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8272.15px;left:7747.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8272.15px;left:8196.82px;letter-spacing:0px;white-space:nowrap">216,827,890</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8272.15px;left:9187.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8272.15px;left:9636.82px;letter-spacing:0px;white-space:nowrap">227,555,169</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8537.11px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.11px;left:8289.62px;letter-spacing:0px;white-space:nowrap">66,877,398</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8505.11px;left:9729.62px;letter-spacing:0px;white-space:nowrap">87,650,792
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8770.07px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8738.07px;left:8289.62px;letter-spacing:0px;white-space:nowrap">15,777,625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8738.07px;left:9729.62px;letter-spacing:0px;white-space:nowrap">20,330,185</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9003.03px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8971.03px;left:8382.42px;letter-spacing:0px;white-space:nowrap">2,631,382</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8971.03px;left:9822.42px;letter-spacing:0px;white-space:nowrap">3,185,422
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">70</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.61px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:797.6px;white-space:nowrap">helps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1224.31px;white-space:nowrap">manage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1846.87px;white-space:nowrap">counterparty
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2800.61px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3250.69px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3531.96px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3751.32px;white-space:nowrap">entering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4394.03px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4713.86px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5602.82px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5946.65px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6287.13px;white-space:nowrap">counterparties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7359.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7634.79px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8212.54px;white-space:nowrap">believes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8843.73px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9226.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9501.81px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;letter-spacing:-0.58px;white-space:nowrap">resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:720.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:912.63px;white-space:nowrap">honor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1377.9px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1744.94px;white-space:nowrap">obligations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2583.16px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2897.4px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3116.76px;white-space:nowrap">having
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3635.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3910.99px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4488.74px;white-space:nowrap">monitor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5092.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5368.41px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5996.72px;white-space:nowrap">stability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6588.71px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6775.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7050.94px;white-space:nowrap">counterparties.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8167.57px;letter-spacing:-1.05px;white-space:nowrap">Additionally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9097.79px;white-space:nowrap">counterparties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:10169.93px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:231.2px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:876.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1069.43px;white-space:nowrap">pledge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1623.5px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2316.45px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2695.64px;white-space:nowrap">(based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3217.4px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3445.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3721.24px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4100.43px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4790.82px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4977.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5253.05px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5881.37px;white-space:nowrap">asset)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6328.88px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6557.2px;white-space:nowrap">behalf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7046.15px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7232.87px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7615.43px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8024.55px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8365.02px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8492.54px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8913.5px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9974.12px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:192.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:467.99px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1057.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1244.46px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1538.06px;letter-spacing:-0.26px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2314.38px;white-space:nowrap">gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2667.01px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3153.25px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3280.77px;white-space:nowrap">pre-determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4450.67px;letter-spacing:-0.26px;white-space:nowrap">threshold.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5209.06px;letter-spacing:-1.26px;white-space:nowrap">Reciprocally,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6139.61px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6566.49px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6949.05px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7358.16px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7642.8px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7859.28px;letter-spacing:-0.26px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8635.6px;white-space:nowrap">loss,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8994.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9269.67px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9746.95px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:0px;white-space:nowrap">instructed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:752.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1027.67px;white-space:nowrap">custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1762.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1955.01px;white-space:nowrap">pledge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2509.09px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2983.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3169.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3445.4px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3922.67px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4118.35px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4811.3px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5151.77px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5279.29px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5700.25px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6760.87px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7202.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7394.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7670.46px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8260.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8446.93px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8722.45px;letter-spacing:-0.26px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9498.76px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9812.84px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:10299.07px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:0px;white-space:nowrap">pre-determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1169.9px;letter-spacing:-0.26px;white-space:nowrap">threshold.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1928.3px;white-space:nowrap">Collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2656.76px;white-space:nowrap">pledges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3279px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3545.72px;letter-spacing:-0.29px;white-space:nowrap">monitored
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4333.7px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4647.94px;white-space:nowrap">subsequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5637.69px;white-space:nowrap">adjusted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6298.33px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6428.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6742.8px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7169.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7445.2px;white-space:nowrap">valuations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8203.75px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8911.9px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9367.89px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9599.09px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9791.56px;white-space:nowrap">down,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:10277.64px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:180.64px;white-space:nowrap">least
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:556.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:832.31px;white-space:nowrap">pre-determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2002.21px;letter-spacing:-0.29px;white-space:nowrap">threshold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2716.13px;white-space:nowrap">amount.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1512.88px;left:0px;white-space:nowrap">6.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1512.88px;left:360px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1512.88px;left:942.55px;letter-spacing:-0.66px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:839.15px;letter-spacing:-0.46px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:1463.75px;white-space:nowrap">Equity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:2069.08px;letter-spacing:0.72px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:2562.27px;letter-spacing:-1.54px;white-space:nowrap">Programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:3436.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:3812.72px;letter-spacing:-0.6px;white-space:nowrap">Offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1904.88px;left:4597.69px;letter-spacing:-0.31px;white-space:nowrap">Costs:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:5176.2px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:5546.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:5861px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:6243.4px;white-space:nowrap">have
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:6625.95px;text-rendering:optimizeLegibility;white-space:nowrap">filed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:6981.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:7108.99px;letter-spacing:-0.22px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:7961.61px;white-space:nowrap">statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:8719.84px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:9060.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1920px;left:9335.83px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:0px;white-space:nowrap">authorizing&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:1220.79px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:1629.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:1822.38px;white-space:nowrap">issue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:2219.5px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:2977.72px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:3650.68px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:4142.67px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:4750.03px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:5067.3px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:5259.78px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:5674.66px;white-space:nowrap">equity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:6163.45px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:6539.77px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:7265.52px;white-space:nowrap">(&#8220;Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:7787.27px;letter-spacing:-0.24px;white-space:nowrap">Offering&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:8593.34px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:9046.78px;white-space:nowrap">became
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:9663.41px;letter-spacing:-0.29px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2112px;left:10312.37px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:275.52px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:616.47px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:1125.91px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:1507.66px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2304px;left:1904.77px;white-space:nowrap">periods.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:0px;white-space:nowrap">Under
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:483.03px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:776.15px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1173.27px;letter-spacing:-0.29px;white-space:nowrap">Offering,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1854.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:2130.22px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:2651.98px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3208.93px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3401.4px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3937.56px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:4767.14px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5108.1px;white-space:nowrap">raise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5484.26px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:6242.48px;white-space:nowrap">equity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:6731.28px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7246.63px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7465.99px;white-space:nowrap">issuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7999.26px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:8757.49px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:9430.44px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:9922.44px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:10295.71px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:192.48px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:553.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:725.59px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:1285.58px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:1943.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:2257.73px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:2477.09px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:3119.8px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:3718.19px;white-space:nowrap">methods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4390.83px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4571.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4698.98px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4974.5px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5374.33px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5554.97px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5747.45px;white-space:nowrap">above&#160;each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:6616.24px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7117.36px;letter-spacing:-2px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7485.84px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7770.15px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:8443.11px;letter-spacing:-0.41px;white-space:nowrap">share.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:8911.42px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:9087.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:9362.62px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:9804.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:10079.73px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:0px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:397.12px;letter-spacing:-0.32px;white-space:nowrap">Offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:1034.07px;letter-spacing:-0.22px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:1886.69px;white-space:nowrap">statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:2644.92px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:2795.96px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:3024.28px;white-space:nowrap">longer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:3530.83px;letter-spacing:-0.32px;white-space:nowrap">current,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:4120.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:4395.78px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:4804.9px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:5145.86px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:5427.29px;white-space:nowrap">issue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:5824.41px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:6582.64px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:7255.59px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:7747.59px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:8099.9px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:8227.42px;letter-spacing:-0.19px;white-space:nowrap">post-effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:9243.57px;white-space:nowrap">amendment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:10150.44px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:10342.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:0px;letter-spacing:-0.22px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:852.62px;white-space:nowrap">statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:1610.85px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:1895.49px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:2304.61px;text-rendering:optimizeLegibility;white-space:nowrap">filed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:2660.13px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:3000.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:3276.12px;white-space:nowrap">SEC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:0px;white-space:nowrap">Additional
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:784.95px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1584.78px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2257.73px;letter-spacing:-0.36px;white-space:nowrap">shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2794.2px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:3467.16px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:3959.15px;white-space:nowrap">sold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:4302.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:4617.07px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5215.46px;letter-spacing:-0.29px;white-space:nowrap">proceeds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5968.25px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:6243.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:6430.48px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7028.87px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7434.79px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7897.02px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:8279.58px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:8780.7px;white-space:nowrap">Shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:9177.82px;letter-spacing:-0.32px;white-space:nowrap">Offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:9814.77px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:10324.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:0px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:518.88px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:1063.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:1378.07px;text-rendering:optimizeLegibility;white-space:nowrap">prior&#160;fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:2156.93px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:2672.29px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:3060.44px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:3256.12px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:0px;white-space:nowrap">Costs
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:441.43px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:1069.43px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:1288.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:1564.3px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:2041.58px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:2213.42px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:3049.25px;white-space:nowrap">with&#160;their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:3756.76px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:4179.95px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:4556.26px;letter-spacing:-0.21px;white-space:nowrap">registrations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:5477.05px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:5743.76px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:6434.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:6629.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:6757.36px;letter-spacing:-0.36px;white-space:nowrap">prepaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:7355.75px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:7999.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:8313.34px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:9149.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6533.64px;left:9344.69px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:0px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:598.39px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:1087.34px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:1315.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:1591.18px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:2370.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:2556.93px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:3057.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:3371.96px;white-space:nowrap">Liabilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:4123.95px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:4595.3px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:5001.22px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:5267.93px;white-space:nowrap">amortized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:6026.16px;letter-spacing:-0.72px;white-space:nowrap">pro
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:6313.52px;white-space:nowrap">rata
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:6630.31px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:6825.99px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:7498.94px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:7990.94px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:8257.66px;white-space:nowrap">sold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:8601.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:8915.57px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:9182.29px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6725.64px;left:10017.96px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:127.52px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:992.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:1179.67px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:1965.1px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:2338.37px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:2714.69px;letter-spacing:-0.29px;white-space:nowrap">offering,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:3357.56px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:3633.08px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:3819.79px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:4418.18px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:4907.14px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:5135.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:5410.97px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:6190px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:6376.72px;white-space:nowrap">Changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:7049.68px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:7221.51px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:7532.55px;white-space:nowrap">Assets.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:8077.82px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:8398.14px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:9055.73px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6917.64px;left:9654.13px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:0px;letter-spacing:-0.29px;white-space:nowrap">remaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:755.51px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:1125.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:1401.1px;letter-spacing:-0.21px;white-space:nowrap">effectiveness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:2364.29px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:2551.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:2826.53px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:3249.72px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:3626.04px;letter-spacing:-0.22px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:4478.66px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:4753.85px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:4985.05px;white-space:nowrap">expensed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:5770.65px;white-space:nowrap">Costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:6212.08px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:6840.07px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:7059.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:7334.95px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:7744.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:7936.54px;white-space:nowrap">keep
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:8333.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:8609.34px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:8985.65px;letter-spacing:-0.22px;white-space:nowrap">registration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:9838.28px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7109.64px;left:10383.23px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:0px;white-space:nowrap">expensed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:741.12px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:936.79px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:1564.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:1879.03px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:2714.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:2910.38px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:3037.9px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:3903.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:4090.04px;white-space:nowrap">&#8220;Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:4635.16px;white-space:nowrap">expenses&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:5429.71px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:5658.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:5933.55px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:6712.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7301.64px;left:6899.29px;white-space:nowrap">Operations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:7646.52px;left:0px;letter-spacing:-0.42px;white-space:nowrap">Common&#160;Share
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:7646.52px;left:1374.47px;letter-spacing:-1.36px;white-space:nowrap">Transactions:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:2555.97px;letter-spacing:-1.13px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:3474.52px;white-space:nowrap">in&#160;common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:4319.31px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:4811.31px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:5051.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:5326.66px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:5803.94px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:6313.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:6588.89px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:7107.77px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:7652.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:7966.96px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:8348.71px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:8745.82px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:9305.65px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7661.64px;left:9782.77px;letter-spacing:0px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7853.64px;left:0px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7853.64px;left:388.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7853.64px;left:583.84px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:9675.71px;left:0px;letter-spacing:-1.42px;white-space:nowrap">Preferred
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:9675.71px;left:865.62px;letter-spacing:-0.54px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10155.71px;left:0px;letter-spacing:-0.94px;white-space:nowrap">MuniFund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10155.71px;left:927.53px;letter-spacing:-1.42px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:10155.71px;left:1793.15px;letter-spacing:-0.54px;white-space:nowrap">Shares</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:2372.74px;white-space:nowrap">:
 </div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:2461.7px;white-space:nowrap">NAC
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:2853.06px;white-space:nowrap">and
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:3167.29px;white-space:nowrap">NKX
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:3537.85px;white-space:nowrap">have
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:3920.41px;white-space:nowrap">issued
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:4415.29px;white-space:nowrap">and
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:4729.52px;white-space:nowrap">have
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:5112.08px;white-space:nowrap">outstanding
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:6009.67px;white-space:nowrap">MuniFund</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:6777.51px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:7479.42px;white-space:nowrap">(&#8220;MFP&#8221;)
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:8096.37px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:8653.65px;white-space:nowrap">with
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:8994.13px;white-space:nowrap">a
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:9121.65px;white-space:nowrap">$100,000
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10170.84px;left:9833.33px;white-space:nowrap">liquidation
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:0px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:811.99px;white-space:nowrap">per
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:1096.31px;letter-spacing:-0.41px;white-space:nowrap">share.
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:1564.63px;white-space:nowrap">These
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:2035.99px;white-space:nowrap">MFP
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:2403.66px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:2916.46px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:3304.62px;white-space:nowrap">issued
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:3799.49px;white-space:nowrap">via
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:4042.53px;white-space:nowrap">private
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:4578.52px;white-space:nowrap">placement
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:5375.63px;white-space:nowrap">and
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:5689.87px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:5956.59px;white-space:nowrap">not
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:6238.03px;white-space:nowrap">publicly
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10362.84px;left:6836.42px;white-space:nowrap">available.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:314.24px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:791.52px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:1058.23px;white-space:nowrap">obligated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:1792.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:1985.26px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:2580.94px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:2947.97px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:3315.65px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:3828.44px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:4047.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:4323.32px;white-space:nowrap">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:4690.68px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:4886.35px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:5573.87px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:5745.71px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:5949.86px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:6548.25px;white-space:nowrap">documents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:7386.96px;letter-spacing:-2.13px;white-space:nowrap">(&#8220;Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:7911.44px;white-space:nowrap">Redemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:8835.9px;white-space:nowrap">Date&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:9393.18px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10818.84px;left:9879.26px;white-space:nowrap">earlier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:0px;letter-spacing:-0.32px;white-space:nowrap">redeemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:782.4px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:1001.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:1277.27px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:1799.03px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:2166.71px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:2679.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:2946.22px;white-space:nowrap">initially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:3484.93px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:3979.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:4151.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:4279.17px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">pre-specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:5256.91px;white-space:nowrap">mode,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:5763.79px;letter-spacing:-1.64px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:6445.54px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:6813.22px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:7326.02px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:7619.62px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:7850.82px;white-space:nowrap">subsequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:8840.57px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:9687.92px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11010.84px;left:9883.6px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:0px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:793.59px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:1255.98px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:1436.62px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:1564.14px;white-space:nowrap">later
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:1925.25px;white-space:nowrap">date
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:2292.61px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:2473.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:2748.76px;letter-spacing:-0.26px;white-space:nowrap">discretion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:3489.23px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:3675.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:3951.46px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:4473.22px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:4787.46px;white-space:nowrap">modes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:5318.02px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:5785.85px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:6153.53px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:6666.32px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:7110.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:7385.99px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:8055.59px;white-space:nowrap">mechanics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:8847.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:9161.34px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:9428.06px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11202.84px;left:10180.53px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:0px;white-space:nowrap">follows.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:586.55px;white-space:nowrap">At
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:793.9px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:921.42px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:1795.66px;white-space:nowrap">date,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:2207.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:2483.01px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:2960.29px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:3301.25px;white-space:nowrap">establish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:3970.68px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:4728.9px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:5191.3px;letter-spacing:-0.26px;white-space:nowrap">structures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:5925.69px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:6266.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:6541.68px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11394.84px;left:6909.36px;letter-spacing:-0.48px;white-space:nowrap">Share.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:0px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:124.48px;letter-spacing:-0.98px;white-space:nowrap">Variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:740.63px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:1105.11px;white-space:nowrap">Remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:2011.82px;white-space:nowrap">Mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:2480.29px;white-space:nowrap">(&#8220;VRRM&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:3203.96px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:3328.44px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:4087px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:4326.83px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:4694.51px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:5207.31px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:5675.14px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:5968.25px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:6430.65px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:6705.84px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:6937.04px;white-space:nowrap">established
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:7793.19px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:8012.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:8140.07px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:9040.54px;white-space:nowrap">agent;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11730.84px;left:9541.33px;letter-spacing:-0.52px;white-space:nowrap">therefore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:0px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:536.15px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:957.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:1143.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:1419.34px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:1787.02px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:2299.82px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:2450.86px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:3165.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:3357.57px;letter-spacing:-0.24px;white-space:nowrap">approximate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:4302.67px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:4506.83px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:5309.38px;letter-spacing:-0.48px;white-space:nowrap">preference.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:6165.85px;letter-spacing:-0.22px;white-space:nowrap">Shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:7140.72px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:7523.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:7798.8px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:8269.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:8461.98px;letter-spacing:-0.36px;white-space:nowrap">request
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:9042.62px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11922.84px;left:9170.14px;letter-spacing:-0.22px;white-space:nowrap">best-efforts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:0px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:515.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:702.07px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:906.23px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:1398.22px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:1813.26px;white-space:nowrap">seven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:2269.9px;white-space:nowrap">days
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:2640.45px;white-space:nowrap">notice.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:3170.85px;white-space:nowrap">If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:3304.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:3580.44px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:4480.91px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:4937.23px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:5088.26px;white-space:nowrap">unable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:5618.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:5811.3px;white-space:nowrap">identify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:6385.85px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:6602.33px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:7395.91px;letter-spacing:-1.6px;white-space:nowrap">purchaser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:8166.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:8441.98px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:8933.98px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:9209.17px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:9440.37px;letter-spacing:-0.32px;white-space:nowrap">retained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12114.84px;left:10074.29px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:275.52px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:1161.43px;letter-spacing:-0.26px;white-space:nowrap">requesting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:1967.18px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:2482.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:2796.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:3072.29px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:3946.52px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:4616.12px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:4938.83px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:5214.02px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:5842.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:6034.81px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:6238.97px;white-space:nowrap">step-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:6831.44px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:7501.04px;white-space:nowrap">rate.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:7868.23px;white-space:nowrap">If
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:8002.31px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:8372.38px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:8689.66px;white-space:nowrap">consecutive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:9575.89px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12306.84px;left:9922.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:0px;white-space:nowrap">unsuccessful
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:933.75px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:1834.22px;white-space:nowrap">attempts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:2556.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:2832.29px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:3241.41px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:3516.6px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:3747.8px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:4393.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:4586.03px;white-space:nowrap">designate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:5335.62px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:5552.1px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:6345.69px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:6808.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:7000.56px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:7596.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12498.84px;left:7871.75px;letter-spacing:-0.36px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4464.96px;left:6563.84px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4464.96px;left:9158.48px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4665.92px;left:5731.61px;white-space:nowrap">Six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4665.92px;left:6008.56px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:5912.4px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5049.92px;left:5838.4px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:6874.88px;letter-spacing:-3.46px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:7253.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5049.92px;left:6990.4px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4665.92px;left:8251.61px;white-space:nowrap">Six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4665.92px;left:8528.56px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:8432.4px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5049.92px;left:8319.28px;white-space:nowrap">8/31/23*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:9538.88px;letter-spacing:-3.46px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4857.92px;left:9917.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:5049.92px;left:9654.4px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:0px;white-space:nowrap">Additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:803.03px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:1624.94px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:2315.97px;letter-spacing:-0.48px;white-space:nowrap">shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:5250.88px;left:6671.85px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:7840px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:8598.42px;white-space:nowrap">1,300,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5294.92px;left:10576px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:724.31px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:1231.35px;white-space:nowrap">sold</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:5495.88px;left:6671.85px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:7840px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:9280px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5539.92px;left:10576px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Offering
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:650.71px;letter-spacing:-0.77px;white-space:nowrap">proceeds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:1417.58px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:1692.78px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:1881.57px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:2494.05px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:5740.88px;left:6671.85px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:7840px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:9280px;white-space:nowrap">-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5784.92px;left:10576px;white-space:nowrap">-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:547.2px;letter-spacing:-0.33px;white-space:nowrap">Represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:1185.11px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:1767.46px;white-space:nowrap">authorized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:2383.89px;letter-spacing:-0.31px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:2764.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:2946.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:3152.72px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:3548.36px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:3968.95px;letter-spacing:-1.2px;white-space:nowrap">4,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:4096.15px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:4404.54px;letter-spacing:-0.27px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:4870.26px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:5290.85px;letter-spacing:-0.9px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:6075.88px;left:5487.65px;letter-spacing:-0.72px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8238.6px;left:9324.07px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8424.44px;left:8521.56px;white-space:nowrap">Six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8424.44px;left:8763.89px;white-space:nowrap">Months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8592.44px;left:8679.75px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8760.44px;left:8632.5px;white-space:nowrap">8/31/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8577.32px;left:9610.88px;letter-spacing:-3.46px;white-space:nowrap">Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8577.32px;left:9989.92px;white-space:nowrap">Ended</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8760.44px;left:9784.5px;white-space:nowrap">2/28/23
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8951.28px;left:0px;letter-spacing:-0.24px;white-space:nowrap">Common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8951.28px;left:633.77px;letter-spacing:-0.36px;white-space:nowrap">Shares:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:360px;white-space:nowrap">Issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:806.31px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:971.23px;letter-spacing:-0.19px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:1836.97px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:2122.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:2287.49px;letter-spacing:-0.19px;white-space:nowrap">reinvestment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:3151.13px;letter-spacing:1.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:3316.33px;white-space:nowrap">distributions</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:9087.61px;white-space:nowrap">468
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9137.12px;left:10239.61px;white-space:nowrap">925</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9322.96px;left:0px;letter-spacing:-2.69px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9322.96px;left:9087.61px;white-space:nowrap">468</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9322.96px;left:10239.61px;white-space:nowrap">925
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">71</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:797.6px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1072.79px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1375.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1502.71px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2403.17px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2672.93px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2901.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3176.77px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3961.88px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4619.31px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5209.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5395.78px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5600.1px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5967.77px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6480.57px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6895.29px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7742.64px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7914.48px;white-space:nowrap">VRRM.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8433.35px;white-space:nowrap">Payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9165.34px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9615.9px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9835.26px;white-space:nowrap">the
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 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:124.48px;letter-spacing:-0.98px;white-space:nowrap">Variable
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:528px;left:2202.38px;white-space:nowrap">&#8211;
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:9425.49px;white-space:nowrap">Fund
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:645.75px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3457.08px;white-space:nowrap">designate
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6742.8px;white-space:nowrap">MFP
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:580.63px;white-space:nowrap">value
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:1188.31px;white-space:nowrap">MFP
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:2655.33px;white-space:nowrap">VRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:3034.85px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:3301.57px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:4015.8px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:5153.39px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:5520.42px;white-space:nowrap">liquidation
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7134.96px;white-space:nowrap">so
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7342.48px;white-space:nowrap">long
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7706.95px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7902.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:8178.15px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:8572.39px;letter-spacing:-0.32px;white-space:nowrap">&#8220;spread&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:9268.86px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:9497.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:9772.7px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:0px;letter-spacing:-0.36px;white-space:nowrap">remains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:598.55px;letter-spacing:-0.36px;white-space:nowrap">roughly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1179.35px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1351.19px;white-space:nowrap">line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1650.38px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1990.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:2266.37px;letter-spacing:-0.32px;white-space:nowrap">&#8220;spread&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:2962.85px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:3419.17px;white-space:nowrap">demanded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4243.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4462.52px;white-space:nowrap">investors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5137.87px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5366.18px;white-space:nowrap">instruments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:6236.89px;white-space:nowrap">having
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:6755.61px;white-space:nowrap">similar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:7255.92px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:7702.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:7874.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8150.31px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8695.26px;white-space:nowrap">market.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9275.89px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9451.57px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9996.52px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:0px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:829.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1105.1px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1682.86px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1967.5px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2847.16px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3169.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3445.4px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3711.79px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4132.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4319.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4594.98px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5086.98px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5353.7px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6414.32px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6781.35px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:7583.9px;letter-spacing:-0.48px;white-space:nowrap">preference,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8440.38px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8724.69px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9091.73px;white-space:nowrap">fair
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9358.12px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9779.08px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:10220.67px;white-space:nowrap">vary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:0px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:130.24px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:666.39px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1451.5px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2020.77px;letter-spacing:-1.34px;white-space:nowrap">materially.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:0px;white-space:nowrap">&#8226;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:124.48px;letter-spacing:-0.98px;white-space:nowrap">Variable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:740.63px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:1105.11px;white-space:nowrap">Demand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:1763.18px;white-space:nowrap">Mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:2231.66px;white-space:nowrap">(&#8220;VRDM&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:2979.01px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:3103.49px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:3862.05px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:4101.88px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:4469.56px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:4982.36px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:5829.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:6001.55px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:6294.66px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:6757.06px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:7032.25px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:7263.45px;white-space:nowrap">established
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:8119.6px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:8338.96px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:8466.47px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:9366.94px;white-space:nowrap">agent;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2160px;left:9867.74px;letter-spacing:-0.52px;white-space:nowrap">therefore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:275.52px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:811.67px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1232.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1419.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:1694.86px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2062.54px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2575.34px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:2726.37px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:3440.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:3633.08px;letter-spacing:-0.24px;white-space:nowrap">approximate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:4578.19px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:4782.35px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:5584.89px;letter-spacing:-0.48px;white-space:nowrap">preference.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:6441.37px;white-space:nowrap">While
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:6891.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:7063.44px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:7356.56px;white-space:nowrap">mode,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:7863.43px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:8355.43px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:8630.62px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9013.18px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2352px;left:9229.66px;white-space:nowrap">unconditional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:0px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:612.79px;letter-spacing:-0.36px;white-space:nowrap">feature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:1157.9px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:1480.62px;white-space:nowrap">enable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:2011.17px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:2215.33px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:3169.4px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:3361.88px;letter-spacing:-0.72px;white-space:nowrap">require
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:3909.87px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4037.39px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4650.18px;letter-spacing:-1.76px;white-space:nowrap">provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:5322.65px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:5776.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6051.6px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6460.72px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6745.36px;letter-spacing:-0.36px;white-space:nowrap">entered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7346.79px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7666.63px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7794.15px;white-space:nowrap">contractual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:8629.49px;letter-spacing:-0.26px;white-space:nowrap">agreement,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:9494.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:9687.24px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:0px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:492px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:663.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:939.35px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:1380.95px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:1703.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:1979.18px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:2471.18px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:2737.9px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3019.33px;white-space:nowrap">able
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3371.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3564.45px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3795.64px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:4666.99px;letter-spacing:-0.24px;white-space:nowrap">remarketed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:5573.54px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:5749.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:6024.74px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:6466.34px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:6789.05px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:7281.05px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:7748.88px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8042px;white-space:nowrap">mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8504.39px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8771.11px;white-space:nowrap">unable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9301.67px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9494.14px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9725.34px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:0px;letter-spacing:-0.26px;white-space:nowrap">remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:862.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:1176.31px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:1443.03px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2228.46px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2447.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2723.34px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:3336.13px;letter-spacing:-1.76px;white-space:nowrap">provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4008.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4284.11px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4953.71px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5276.42px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5551.61px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5782.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6058.33px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6799.28px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:7122px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:7575.43px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:7726.47px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:8437.66px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:8630.14px;white-space:nowrap">escalate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:9255.41px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:10005.16px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:10197.64px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:687.51px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1369.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1541.11px;letter-spacing:-0.48px;white-space:nowrap">order
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1970.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:2163.02px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:2812.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:3087.97px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:3988.44px;letter-spacing:-2.22px;white-space:nowrap">agent&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:4536.76px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:5007.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:5199.94px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:6071.29px;letter-spacing:-0.32px;white-space:nowrap">remarket
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:6746.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7022.16px;letter-spacing:-0.36px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7558.64px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7947.11px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:8356.23px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:8507.27px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9153.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9345.5px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9941.18px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:0px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:492px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:814.71px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1081.43px;white-space:nowrap">still
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1362.38px;white-space:nowrap">owned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1892.94px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:2112.29px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:2239.81px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:2852.6px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:3495.31px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:3865.39px;white-space:nowrap">six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:4093.54px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:4668.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:4855.13px;white-space:nowrap">continuous,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:5726.48px;white-space:nowrap">unsuccessful
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:6660.23px;letter-spacing:-0.24px;white-space:nowrap">remarketing.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:314.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:723.36px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:998.55px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:1300.95px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:1428.47px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:2041.25px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:2355.49px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:3255.96px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:3525.72px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:3754.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:4029.56px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:4814.67px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:5472.1px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:6061.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:6248.57px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:6452.88px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:6820.56px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:7312.56px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:7727.27px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:8195.1px;white-space:nowrap">VRDM.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:8737.66px;white-space:nowrap">Payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:9469.65px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:9920.21px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3648px;left:10139.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:409.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:601.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:877.11px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:1489.9px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:2132.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:2446.85px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:3347.32px;white-space:nowrap">agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:3803.63px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:4070.35px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:4906.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:5101.7px;white-space:nowrap">&#8220;Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:5839.13px;white-space:nowrap">fees&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:6260.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:6574.33px;white-space:nowrap">&#8220;Remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:7602.47px;white-space:nowrap">fees&#8221;,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:8067.91px;letter-spacing:-1.26px;white-space:nowrap">respectively,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:8986.46px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:9214.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3840px;left:9490.3px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4032px;left:0px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:0px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:281.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:909.75px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:1617.42px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:2364.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:2639.65px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3442.19px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4254.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4440.9px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4808.58px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:5321.38px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:5472.42px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:6162.81px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:6358.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:6486.01px;white-space:nowrap">liability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:7033.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:7347.75px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:7498.79px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:8334.46px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:8530.14px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:8657.66px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:9523.09px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:9709.81px;white-space:nowrap">&#8220;MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:557.28px;white-space:nowrap">Net&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:951.35px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:1179.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:1455.19px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:2234.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:2420.94px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:2921.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:3235.97px;white-space:nowrap">Liabilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:3987.96px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:4746.51px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:4974.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:5250.34px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:5618.02px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:6110.02px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:6376.74px;letter-spacing:-0.36px;white-space:nowrap">treated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:6936.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:7132.09px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:7706.48px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:8444.39px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:8684.23px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4560px;left:9312.54px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:0px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:746.71px;white-space:nowrap">Unpaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:1306.87px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2044.62px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2272.93px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:2640.61px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:3132.61px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:3399.33px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:4235px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:4430.68px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:4558.2px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:5423.63px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:5651.95px;white-space:nowrap">&#8220;Payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:6339.62px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:6579.45px;letter-spacing:-0.29px;white-space:nowrap">interest&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:7236.88px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:7465.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:7740.72px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:8519.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:8706.47px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:9207.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4752px;left:9521.5px;white-space:nowrap">Liabilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:0px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:758.55px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:1369.11px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:1597.42px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:1965.1px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:2477.9px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:2744.62px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:3580.29px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:3775.97px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:3903.49px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:4768.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:4955.63px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:5616.91px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:6260.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:6574.5px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:7504.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:7691.12px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:8289.51px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:8778.46px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:9006.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:9282.3px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4944px;left:10061.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5136px;left:0px;white-space:nowrap">Operations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:0px;white-space:nowrap">Subject
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:577.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:770.23px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:1297.42px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2127.01px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:2494.69px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:3007.49px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:3348.44px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:3579.64px;letter-spacing:-0.29px;white-space:nowrap">redeemed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:4406.52px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:4578.35px;white-space:nowrap">whole
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:5049.55px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:5242.02px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:5413.86px;white-space:nowrap">part,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:5789.86px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:5970.49px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:6264.09px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:6625.37px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:6806px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:7081.52px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:7593.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:7780.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:8056.23px;white-space:nowrap">Fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:8509.82px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:8824.06px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:9233.18px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:9574.14px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5472px;left:9903.09px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:0px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:645.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:838.23px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:1433.91px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:1961.1px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:2328.78px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:2841.57px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:2971.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:3247.33px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:3656.45px;white-space:nowrap">fails
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:3976.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:4168.76px;white-space:nowrap">maintain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:4823.47px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:5350.66px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:5756.58px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:6462.01px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:7445.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:7759.76px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:8127.44px;letter-spacing:-0.32px;white-space:nowrap">failures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:8675.43px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:8942.15px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:9223.58px;letter-spacing:-0.48px;white-space:nowrap">cured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:9671.1px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5664px;left:9890.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:0px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:785.11px;letter-spacing:-0.58px;white-space:nowrap">cure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:1134.87px;white-space:nowrap">date.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:1546.7px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:1860.94px;letter-spacing:-0.26px;white-space:nowrap">redemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:2740.77px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:3140.61px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:3424.92px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:3848.76px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:4020.6px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:4224.91px;letter-spacing:-0.21px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:5265.06px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:5416.1px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:5857.7px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:6050.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:6325.69px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:7128.24px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:7940.23px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:8224.55px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:8648.39px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:8986.14px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:9279.74px;white-space:nowrap">accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5856px;left:10237.01px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6048px;left:0px;white-space:nowrap">unpaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6048px;left:539.36px;white-space:nowrap">dividends.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:0px;white-space:nowrap">Costs
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:441.43px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:1069.43px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:1241.26px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:2077.09px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:2417.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:2693.09px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:3194.2px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:3792.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:3979.31px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:4346.99px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:4859.79px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:5247.94px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:5938.34px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6134.02px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6261.54px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6919.13px;letter-spacing:-0.41px;white-space:nowrap">charge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:7449.69px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:7763.92px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:8030.64px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:8486.96px;white-space:nowrap">amortized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9245.19px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9603.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9879.26px;white-space:nowrap">life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:10136.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:10323.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:0px;letter-spacing:-0.36px;white-space:nowrap">shares.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:536.48px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1007.83px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1606.23px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:2012.14px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:2278.86px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3114.53px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3310.21px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3437.73px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4303.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4489.87px;white-space:nowrap">&#8220;MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4940.59px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:5497.87px;white-space:nowrap">Net&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:5891.95px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:6120.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:6395.78px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7174.81px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7361.53px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7862.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:8176.56px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:8884.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:9198.31px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:9859.58px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:314.24px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:1244.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:1430.86px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2029.25px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2518.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2746.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:3022.04px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:3801.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:3987.78px;white-space:nowrap">Operations.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:409.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:684.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:1004.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:1191.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:1467.02px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:2174.69px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:2734.52px;white-space:nowrap">details
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:3246.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:3433.55px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:3816.11px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:4317.23px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:4684.91px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:5197.71px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:6095.29px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:6290.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:6477.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:6753.21px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:7073.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:7260.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:7535.6px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:8243.27px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:8803.1px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:9191.25px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7104px;left:9386.93px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:314.24px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:930.71px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:1733.26px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:2545.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:2731.97px;white-space:nowrap">MFP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:3099.65px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:3612.45px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:4510.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:4824.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:5099.79px;white-space:nowrap">annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:5908.9px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:6578.5px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:6901.21px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:7141.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:7416.56px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:7825.68px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:8335.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:8610.63px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:9155.59px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:9552.7px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:10068.05px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9479.05px;left:10456.21px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9671.05px;left:0px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11956.53px;left:0px;letter-spacing:-0.84px;white-space:nowrap">Variable
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11956.53px;left:768.05px;letter-spacing:-0.79px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11956.53px;left:1204.55px;white-space:nowrap">Demand
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11956.53px;left:1993.66px;letter-spacing:-1.42px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:11956.53px;left:2859.28px;letter-spacing:-0.4px;white-space:nowrap">Shares:
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:3543.63px;white-space:nowrap">The
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:3857.86px;white-space:nowrap">following
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:4556.89px;white-space:nowrap">Funds
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:5034.17px;letter-spacing:0px;white-space:nowrap">have
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:5416.73px;white-space:nowrap">issued
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:5911.6px;white-space:nowrap">and
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:6225.84px;white-space:nowrap">have
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:6608.4px;white-space:nowrap">outstanding
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:7505.99px;letter-spacing:-0.98px;white-space:nowrap">Variable
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:8122.14px;white-space:nowrap">Rate
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:8486.61px;white-space:nowrap">Demand
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:9144.69px;letter-spacing:-0.58px;white-space:nowrap">Preferred
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11971.65px;left:9846.6px;white-space:nowrap">(&#8220;VRDP&#8221;)
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:557.28px;white-space:nowrap">with
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:897.75px;white-space:nowrap">a
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:1025.27px;white-space:nowrap">$100,000
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:1736.95px;white-space:nowrap">liquidation
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:2539.5px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:3351.49px;white-space:nowrap">per
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:3635.81px;letter-spacing:-0.41px;white-space:nowrap">share.
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:4104.13px;white-space:nowrap">VRDP
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:4551.64px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:5064.44px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:5331.16px;white-space:nowrap">issued
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:5826.03px;white-space:nowrap">via
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:6069.07px;white-space:nowrap">private
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:6605.06px;white-space:nowrap">placement
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:7402.17px;white-space:nowrap">and
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:7716.41px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:7983.13px;white-space:nowrap">not
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:8264.57px;white-space:nowrap">publicly
</div><div style="color:#211d1e;font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12163.65px;left:8862.96px;white-space:nowrap">available.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:2667.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8064.96px;left:3776.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:3316.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8064.96px;left:4560.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:4608px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7488.96px;left:5712.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7680.96px;left:5716.81px;letter-spacing:-1.59px;white-space:nowrap">Preference,</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7872.96px;left:6138.57px;white-space:nowrap">net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7872.96px;left:6432px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8064.96px;left:5916.49px;letter-spacing:-0.36px;white-space:nowrap">deferred</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:5540.34px;letter-spacing:-0.53px;white-space:nowrap">offering
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:6203.05px;white-space:nowrap">costs</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8064.96px;left:7651.04px;letter-spacing:-3.84px;white-space:nowrap">Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:6667.85px;letter-spacing:-0.17px;white-space:nowrap">Redemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:7667.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:8732.65px;white-space:nowrap">Mode
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8064.96px;left:10172.65px;white-space:nowrap">Mode</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:9293.93px;letter-spacing:-1.41px;white-space:nowrap">Termination
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8256.96px;left:10259.52px;letter-spacing:-0.4px;white-space:nowrap">Date</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8457.92px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:3030.08px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:3878.41px;white-space:nowrap">3,200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:4432.02px;white-space:nowrap">$320,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:5584.02px;white-space:nowrap">$319,873,569
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:6884.18px;letter-spacing:-0.12px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:7494.41px;letter-spacing:-1.6px;white-space:nowrap">3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:7664.01px;white-space:nowrap">2028</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:8849.92px;white-space:nowrap">VRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:9405.14px;letter-spacing:-0.12px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:10015.37px;letter-spacing:-1.6px;white-space:nowrap">3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8457.92px;left:10184.97px;white-space:nowrap">2028*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8658.88px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:3030.08px;letter-spacing:-2.88px;white-space:nowrap">A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:3878.41px;white-space:nowrap">1,404
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:4432.02px;white-space:nowrap">$140,400,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:5584.02px;white-space:nowrap">$140,032,372
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:6838.9px;white-space:nowrap">October
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:7494.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:7664.01px;white-space:nowrap">2047</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:8754.08px;white-space:nowrap">VRRM
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8658.88px;left:10336.64px;letter-spacing:-0.96px;white-space:nowrap">N/A</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:763.2px;white-space:nowrap">Subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:1203.83px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:1345.19px;letter-spacing:-0.09px;white-space:nowrap">earlier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:1722.47px;letter-spacing:-0.1px;white-space:nowrap">termination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:2381.98px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:2546.98px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:2895.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:3102.08px;letter-spacing:-1.01px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:3410.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:3556.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:9021.29px;left:3763.52px;letter-spacing:-1.34px;white-space:nowrap">holder.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10888.01px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10088.01px;left:8533.45px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10280.01px;left:8304.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10472.01px;left:7761.45px;letter-spacing:-1.15px;white-space:nowrap">Preference
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10472.01px;left:8636.65px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10472.01px;left:8839.84px;white-space:nowrap">MFP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10664.01px;left:8672.01px;letter-spacing:-0.41px;white-space:nowrap">Shares
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10856.01px;left:8212.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10664.01px;left:9747.05px;white-space:nowrap">Annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10856.01px;left:9525.45px;white-space:nowrap">Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10856.01px;left:10279.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:11186.45px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11139.33px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11139.33px;left:8196.82px;letter-spacing:0px;white-space:nowrap">320,000,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11139.33px;left:10173.93px;white-space:nowrap">4.44</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11139.33px;left:10493.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:11464.77px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11417.65px;left:8196.82px;letter-spacing:0px;white-space:nowrap">140,400,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11417.65px;left:10307.21px;white-space:nowrap">3.73</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">72</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:409.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:684.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1004.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1191.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1467.02px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2174.69px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2734.52px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3125.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3440.12px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3810.68px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4124.91px;white-space:nowrap">$905,331,235
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5147.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5462.19px;white-space:nowrap">$255,660,415
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6485.23px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6932.75px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7445.54px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7626.18px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8428.73px;letter-spacing:-0.48px;white-space:nowrap">preference,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9285.2px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9560.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9747.44px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:598.39px;white-space:nowrap">costs,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1048.78px;letter-spacing:-1.26px;white-space:nowrap">respectively.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1967.33px;white-space:nowrap">Further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2527.01px;white-space:nowrap">details
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3039.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3226.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3501.55px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4020.43px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4467.94px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4980.74px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5878.33px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6074.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6260.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6536.24px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7243.91px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7803.74px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8191.9px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8387.58px;white-space:nowrap">follows:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:447.51px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:960.31px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:1523.35px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:1650.87px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:2263.65px;letter-spacing:-0.36px;white-space:nowrap">feature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:2808.77px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:3131.48px;white-space:nowrap">allows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:3614.36px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:4061.87px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:5015.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:5208.42px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:5590.97px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:5958.01px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:6450px;letter-spacing:-0.29px;white-space:nowrap">purchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:7235.44px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:7454.8px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:7582.32px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:8195.1px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:8837.81px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:9178.29px;white-space:nowrap">whom
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:9658.44px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3742.03px;left:10041px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:0px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:284.64px;white-space:nowrap">contracted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:1096.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:1268.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:1543.66px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:1985.26px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:2307.97px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:2755.49px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:3268.29px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:3535px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:3816.44px;white-space:nowrap">able
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:4169.08px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:4361.55px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:4592.75px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:5464.1px;letter-spacing:-0.24px;white-space:nowrap">remarketed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:6370.65px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:6759.13px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:7168.25px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:7319.28px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:7965.04px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:8157.51px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:8753.19px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:9046.79px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:9494.3px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3934.03px;left:10007.1px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:0px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:266.72px;white-space:nowrap">still
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:547.67px;white-space:nowrap">owned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:1078.23px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:1297.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:1573.1px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:2185.89px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:2828.6px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:3198.67px;white-space:nowrap">six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:3426.83px;white-space:nowrap">months
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:4001.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:4188.42px;white-space:nowrap">continuous,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:5059.77px;white-space:nowrap">unsuccessful
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:5993.52px;letter-spacing:-0.22px;white-space:nowrap">remarketing.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:6938.47px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:7326.95px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:7736.06px;white-space:nowrap">pays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:8106.62px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:8323.1px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:8838.94px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:9739.41px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:10009.17px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4126.03px;left:10237.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:0px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:785.11px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:1442.54px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:2032.29px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:2219.01px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:2423.33px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:2870.84px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:3383.64px;white-space:nowrap">outstanding.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:4325.71px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:4714.18px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:5215.3px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:5662.82px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:6175.62px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:6558.17px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:7429.52px;letter-spacing:-0.26px;white-space:nowrap">remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:8291.59px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4318.03px;left:8697.67px;white-space:nowrap">issuance.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:0px;letter-spacing:-2.96px;white-space:nowrap">NAC&#8217;s
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:483.36px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:954.39px;white-space:nowrap">2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:1132.31px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:1603.35px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:1736.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:2051.03px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:2522.06px;white-space:nowrap">8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:2655.5px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:3103.02px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:3615.81px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:3882.53px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:4718.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:4910.68px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:5141.88px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:5698.99px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:6063.47px;letter-spacing:-4.08px;white-space:nowrap">VRDP,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:6530.98px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:6984.42px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:7251.14px;white-space:nowrap">sold
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:7594.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:7787.29px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:8657.67px;white-space:nowrap">investors.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:9377.5px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:9691.74px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4654.03px;left:10228.05px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:515.35px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:790.54px;letter-spacing:-0.41px;white-space:nowrap">expire
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:1276.46px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:1504.78px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:2180.29px;white-space:nowrap">6,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:2358.21px;white-space:nowrap">2024,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:2803.01px;white-space:nowrap">September
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:3641.4px;white-space:nowrap">2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:3819.32px;white-space:nowrap">2026
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:4219.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:4533.88px;white-space:nowrap">November
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:5339.95px;white-space:nowrap">6,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:5517.87px;white-space:nowrap">2026,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:5962.67px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:6202.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:6478.02px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:6979.14px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:7450.18px;white-space:nowrap">2,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:7628.1px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:7761.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:8075.77px;white-space:nowrap">8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:8209.21px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:8656.73px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:9214.01px;letter-spacing:-1.26px;white-space:nowrap">respectively.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4846.03px;left:10132.56px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:0px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:536.31px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:859.03px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:1374.38px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:1614.21px;letter-spacing:-2.96px;white-space:nowrap">NAC&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:2097.57px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:2568.61px;white-space:nowrap">8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:2702.05px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:3149.56px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:3662.36px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:3813.4px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:4370.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:4562.82px;white-space:nowrap">earlier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:5051.3px;letter-spacing:0.24px;white-space:nowrap">termination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:5915.92px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:6135.28px;white-space:nowrap">either
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:6591.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:6866.79px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:7275.91px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:7468.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:7743.9px;letter-spacing:-1.84px;white-space:nowrap">holder.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:8280.21px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:8810.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:9085.97px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:9622.28px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5038.03px;left:9945px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:275.52px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:723.03px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:1235.83px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:1511.02px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:1792.46px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:2023.66px;letter-spacing:-0.26px;white-space:nowrap">remarketed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:2885.73px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:3105.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:3232.6px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:4133.07px;white-space:nowrap">agent,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:4633.87px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:4865.07px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:5422.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:5614.5px;white-space:nowrap">optional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:6248.41px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:6440.88px;white-space:nowrap">mandatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:7252.71px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:7768.06px;white-space:nowrap">events,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:8322.3px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:8514.78px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:8745.97px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:9530.92px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:9750.28px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5230.03px;left:9877.8px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:0px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:642.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:956.95px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:1223.67px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:1505.1px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:2062.06px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:2254.53px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:3155px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:3492.92px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:3685.39px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:4298.18px;white-space:nowrap">fees.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:4680.58px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:5210.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:5486.33px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:6022.64px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:6345.36px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:6905.19px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:7352.71px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:8090.46px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:8365.65px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:8596.85px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:8851.56px;white-space:nowrap">monthly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:9473.8px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:9669.48px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5422.03px;left:9796.99px;text-rendering:optimizeLegibility;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:322.71px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:802.87px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:1031.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:1306.71px;white-space:nowrap">predetermined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:2423.33px;letter-spacing:0.32px;white-space:nowrap">formula.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:3057.24px;white-space:nowrap">Following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:3797.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:4073.39px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:4496.58px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:5032.89px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:5355.61px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:5915.44px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:6472.55px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:6837.03px;white-space:nowrap">Period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:7346.46px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:7793.97px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:8306.77px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:8647.73px;white-space:nowrap">transition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:9352.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5614.03px;left:9544.83px;white-space:nowrap">traditional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:447.51px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:960.31px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:1300.79px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:2038.54px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:2293.25px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:2473.89px;white-space:nowrap">weekly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:3004.45px;letter-spacing:-0.16px;white-space:nowrap">remarketings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:4017.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:4331.79px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:4562.99px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:5347.94px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:5567.3px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:6414.65px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:7027.44px;letter-spacing:-1.76px;white-space:nowrap">provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:7699.91px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:7892.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:8167.9px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:8639.09px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:8980.05px;letter-spacing:-0.36px;white-space:nowrap">approve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:9614.28px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5806.03px;left:9741.8px;white-space:nowrap">subsequent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5998.03px;left:0px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5998.03px;left:536.31px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5998.03px;left:859.03px;white-space:nowrap">period.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:0px;white-space:nowrap">Dividends
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:758.55px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:986.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:1262.39px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:1709.9px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:2222.7px;white-space:nowrap">(which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:2717.73px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:2984.45px;letter-spacing:-0.36px;white-space:nowrap">treated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:3544.13px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:3739.8px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:4314.2px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:5052.11px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:5291.94px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:5920.26px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:6627.92px;white-space:nowrap">purposes)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:7371.76px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:7638.47px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:7893.19px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:8073.83px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:8201.35px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:8524.06px;white-space:nowrap">established
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:9380.21px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:9599.57px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6334.03px;left:9727.09px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:0px;white-space:nowrap">agent;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:500.8px;letter-spacing:-0.52px;white-space:nowrap">therefore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:1241.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:1516.95px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:2053.1px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:2474.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:2660.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:2936.29px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:3383.8px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:3896.6px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:4047.64px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:4761.87px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:4954.35px;letter-spacing:-0.24px;white-space:nowrap">approximate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:5899.46px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:6103.61px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:6906.16px;letter-spacing:-0.48px;white-space:nowrap">preference.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:7762.63px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:7938.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:8213.83px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:8655.42px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:8978.14px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:9425.65px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6526.03px;left:9917.65px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:0px;white-space:nowrap">unable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:530.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:723.03px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:954.23px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:1825.58px;letter-spacing:-0.24px;white-space:nowrap">remarketed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:2732.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:3007.65px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:3677.24px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:3999.96px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:4275.15px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:4506.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:4781.87px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:5522.82px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:5845.53px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:6298.97px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:6450px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:7161.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:7353.67px;white-space:nowrap">escalate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:7978.95px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:8728.7px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:8921.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:9048.69px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:9736.21px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6718.03px;left:10417.96px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:0px;letter-spacing:-0.48px;white-space:nowrap">order
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:429.43px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:621.91px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:1271.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:1546.87px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:2447.33px;letter-spacing:-2.22px;white-space:nowrap">agent&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:2995.65px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:3466.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:3658.84px;white-space:nowrap">successfully
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:4530.19px;letter-spacing:-0.32px;white-space:nowrap">remarket
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:5205.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:5481.05px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6910.03px;left:5928.57px;letter-spacing:-0.41px;white-space:nowrap">Shares.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:0px;white-space:nowrap">Subject
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:577.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:770.23px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:1297.42px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:2127.01px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:2574.52px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:3087.32px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:3428.28px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:3659.48px;letter-spacing:-0.29px;white-space:nowrap">redeemed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:4486.35px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:4658.19px;white-space:nowrap">whole
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:5129.38px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:5321.86px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:5493.7px;white-space:nowrap">part,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:5869.69px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:6050.33px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:6343.93px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:6705.2px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:6885.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:7161.36px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:7673.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:7860.54px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:8243.1px;white-space:nowrap">Fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:8696.7px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:9085.18px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:9494.3px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7246.03px;left:9835.25px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:0px;letter-spacing:-0.41px;white-space:nowrap">redeem
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:595.68px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:1122.87px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:1309.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:1585.1px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:2032.62px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:2545.42px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:2675.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:2951.17px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:3360.29px;white-space:nowrap">fails
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:3680.12px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:3872.6px;white-space:nowrap">maintain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:4527.31px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:5054.5px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:5460.42px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:6165.85px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:7149.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:7463.6px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:7831.28px;letter-spacing:-0.32px;white-space:nowrap">failures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:8379.27px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:8645.99px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:8927.42px;letter-spacing:-0.48px;white-space:nowrap">cured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:9374.94px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:9594.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7438.03px;left:9869.82px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:0px;letter-spacing:-0.58px;white-space:nowrap">cure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:349.76px;white-space:nowrap">date.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:761.59px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:1075.83px;letter-spacing:-0.26px;white-space:nowrap">redemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:1955.66px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:2355.5px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:2639.81px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:3063.65px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:3214.69px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:3656.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:3848.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:4124.28px;white-space:nowrap">sum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:4462.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:4648.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:4924.43px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:5726.98px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:6538.97px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:6823.29px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:7247.12px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:7584.88px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:7878.48px;white-space:nowrap">accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:8835.75px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:9120.07px;white-space:nowrap">unpaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7630.03px;left:9659.42px;white-space:nowrap">dividends.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:314.24px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:930.71px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:1733.26px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:2545.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:2731.97px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:3179.48px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:3692.28px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:4589.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:4904.11px;white-space:nowrap">annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:5713.22px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:6382.81px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:6705.53px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:6945.36px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:7327.92px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:7737.04px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:8246.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:8521.99px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:9066.95px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:9464.06px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:9979.41px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7966.03px;left:10367.57px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8158.03px;left:0px;white-space:nowrap">follows:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:0px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:281.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:909.75px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:1617.42px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:2364.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:2639.65px;white-space:nowrap">liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:3442.19px;letter-spacing:-0.52px;white-space:nowrap">preference
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:4254.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:4440.9px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:4888.42px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:5401.22px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:5552.25px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:5679.77px;white-space:nowrap">liability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:6227.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:6541.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:6692.56px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:7528.23px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:7723.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:7851.43px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:8716.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:8903.57px;white-space:nowrap">&#8220;VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:9434.13px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:9991.4px;white-space:nowrap">Net&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10535.91px;left:10385.48px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:275.52px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:1054.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:1241.26px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:1742.06px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:2056.3px;white-space:nowrap">Liabilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:2808.28px;white-space:nowrap">Unpaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:3368.44px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:4106.19px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:4334.51px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:4782.02px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:5294.82px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:5561.54px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:6397.21px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:6592.89px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:6720.41px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:7585.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:7772.55px;white-space:nowrap">&#8220;Payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:8460.23px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:8700.06px;letter-spacing:-0.29px;white-space:nowrap">interest&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:9357.49px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:9585.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10727.91px;left:9861.33px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:186.72px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:687.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:1001.75px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:1753.74px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:2180.61px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:3010.2px;white-space:nowrap">Dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:3768.75px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:4379.31px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:4607.63px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:5055.14px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:5567.94px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:5834.66px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:6670.33px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:6866.01px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:6993.53px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:7858.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:8045.67px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:8706.95px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:9350.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10919.91px;left:9664.54px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:186.72px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:785.11px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:1274.06px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:1502.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:1777.9px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:2556.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:2743.64px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:3632.43px;white-space:nowrap">Costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:4073.86px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:4701.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:4921.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:5196.73px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:5674.01px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:5845.85px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:6681.68px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:7022.15px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:7389.19px;letter-spacing:-0.29px;white-space:nowrap">offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:8055.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:8242.45px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:8689.97px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:9202.77px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:9590.92px;letter-spacing:-0.64px;white-space:nowrap">recorded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:10281.32px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11111.91px;left:10476.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:0px;letter-spacing:-0.32px;white-space:nowrap">deferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:657.59px;letter-spacing:-0.36px;white-space:nowrap">charge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:1232.63px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:1686.06px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:1952.78px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:2409.1px;white-space:nowrap">amortized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:3167.33px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:3525.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:3801.4px;white-space:nowrap">life
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:4058.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:4245.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:4521.23px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:5013.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:5327.46px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:5594.18px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:6429.85px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:6625.53px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:6753.05px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:7618.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:7805.2px;white-space:nowrap">&#8220;VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:8335.75px;letter-spacing:-0.36px;white-space:nowrap">Shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:8893.03px;white-space:nowrap">Net&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:9287.11px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:9515.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11303.91px;left:9790.94px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:186.72px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:687.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:1001.75px;white-space:nowrap">Liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:1709.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:2023.49px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:2684.77px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:3328.12px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:3642.36px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:4572.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:4758.98px;letter-spacing:-0.29px;white-space:nowrap">offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:5425.53px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:5914.48px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:6142.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:6418.32px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:7197.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:7384.06px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:8272.85px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:8448.53px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:9085.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:9277.8px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11495.91px;left:9852.19px;white-space:nowrap">expense,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:382.56px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:791.68px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:1120.63px;white-space:nowrap">pays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:1491.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:1618.71px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:1903.02px;white-space:nowrap">annum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:2433.74px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:3046.53px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:3316.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:3508.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:3784.28px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:4397.07px;letter-spacing:-1.76px;white-space:nowrap">provider,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:5069.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:5265.22px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:5590.97px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:5786.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:5914.17px;letter-spacing:-0.24px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:6814.64px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:7128.88px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:7582.31px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:7849.03px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:8684.7px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:8880.38px;white-space:nowrap">&#8220;Liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:9617.81px;white-space:nowrap">fees&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11687.91px;left:10038.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:0px;white-space:nowrap">&#8220;Remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:1028.15px;white-space:nowrap">fees,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:1493.58px;letter-spacing:-1.26px;white-space:nowrap">respectively,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:2412.13px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:2640.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:2915.97px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:3695px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11879.91px;left:3881.72px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:12224.79px;left:0px;letter-spacing:-1.42px;white-space:nowrap">Preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:12224.79px;left:865.62px;letter-spacing:-0.54px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:12224.79px;left:1400.93px;letter-spacing:-1.36px;white-space:nowrap">Transactions:&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:2582.44px;letter-spacing:-1.13px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:3500.98px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:3672.82px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:4380.65px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:4872.65px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:5382.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:5657.6px;white-space:nowrap">Funds&#39;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:6176.48px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:6721.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:7035.67px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:7417.42px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:7814.53px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:8374.37px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:8851.48px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:9681.07px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:9947.79px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12239.91px;left:10415.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12431.91px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12431.91px;left:275.52px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12431.91px;left:974.54px;white-space:nowrap">table.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:4251.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:621px;left:5504.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:5044.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:621px;left:6315.53px;letter-spacing:-0.44px;white-space:nowrap">Remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:6886.24px;letter-spacing:-1.54px;white-space:nowrap">Fees*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:621px;left:7872.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:7920px;letter-spacing:-1.26px;white-space:nowrap">Preference</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:813px;left:9966.73px;letter-spacing:-0.2px;white-space:nowrap">Maturity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1013.96px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:4630.4px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:5606.41px;white-space:nowrap">1,362</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:7744.02px;white-space:nowrap">$136,200,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:9690.26px;white-space:nowrap">June
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1013.96px;left:10256.01px;white-space:nowrap">2041</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:4630.4px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:5740.81px;white-space:nowrap">910</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:6879.69px;white-space:nowrap">N/A**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:7836.82px;white-space:nowrap">$91,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:9269.94px;white-space:nowrap">December
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1214.92px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:4630.4px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:5606.41px;white-space:nowrap">1,056</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:7744.02px;white-space:nowrap">$105,600,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:9269.94px;white-space:nowrap">December
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1415.88px;left:10256.01px;white-space:nowrap">2042</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:4630.4px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:5606.41px;white-space:nowrap">1,589</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:6879.69px;white-space:nowrap">N/A**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:7744.02px;white-space:nowrap">$158,900,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:9525.62px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1616.84px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:4630.4px;white-space:nowrap">6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:5606.41px;white-space:nowrap">1,581</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:7744.02px;white-space:nowrap">$158,100,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:9525.62px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1817.8px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:4630.4px;white-space:nowrap">7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:5740.81px;white-space:nowrap">980</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:7836.82px;white-space:nowrap">$98,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:9525.62px;white-space:nowrap">August
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">3,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2018.76px;left:10256.01px;white-space:nowrap">2043</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:4630.4px;white-space:nowrap">8
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:5606.41px;white-space:nowrap">1,600</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:6879.69px;white-space:nowrap">N/A**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:7744.02px;white-space:nowrap">$160,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:9264.5px;white-space:nowrap">November
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">6,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2219.72px;left:10256.01px;white-space:nowrap">2026</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2420.67px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:4630.4px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:5740.81px;white-space:nowrap">427
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:6861.93px;white-space:nowrap">0.05%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:7836.82px;white-space:nowrap">$42,700,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:9591.22px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2420.67px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:4630.4px;white-space:nowrap">4
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:5606.41px;white-space:nowrap">1,090</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:7744.02px;white-space:nowrap">$109,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:9269.94px;white-space:nowrap">December
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2621.63px;left:10256.01px;white-space:nowrap">2040</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:4630.4px;white-space:nowrap">6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:5606.41px;white-space:nowrap">1,050</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:6861.93px;white-space:nowrap">0.10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:7744.02px;white-space:nowrap">$105,000,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:9690.26px;white-space:nowrap">June
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:10086.41px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2822.59px;left:10256.01px;white-space:nowrap">2046</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:0px;white-space:nowrap">*
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:763.2px;letter-spacing:-0.3px;white-space:nowrap">Remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:1486.79px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:1742.75px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:1890.11px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:1984.19px;letter-spacing:-0.2px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:2645.02px;letter-spacing:0.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:2786.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:2993.25px;letter-spacing:-0.34px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:3594.08px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:4103.72px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:4554.55px;letter-spacing:0.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:4696.15px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:4848.55px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:5185.63px;letter-spacing:-0.31px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:5580.3px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:6268.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:6450.41px;letter-spacing:-0.14px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3113.55px;left:6742.36px;letter-spacing:-0.51px;white-space:nowrap">series.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:0px;white-space:nowrap">**
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:763.2px;white-space:nowrap">Not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:996.24px;letter-spacing:-0.3px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:1629.95px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:1991.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:2104.66px;letter-spacing:-0.2px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:2752.18px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:2893.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:3068.61px;white-space:nowrap">Special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:3495.45px;letter-spacing:-0.53px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:3763.29px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:4100.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:4340.6px;letter-spacing:-0.43px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:4875.31px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:5176.99px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:5388.07px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:5616.9px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:5710.98px;letter-spacing:-0.36px;white-space:nowrap">remarketing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:120px;position:absolute;top:3284.27px;left:6405.17px;letter-spacing:-0.9px;white-space:nowrap">fee.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9566.99px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8574.99px;left:8533.45px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8766.99px;left:8304.17px;letter-spacing:-0.15px;white-space:nowrap">Liquidation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8958.99px;left:8148.81px;letter-spacing:-1.15px;white-space:nowrap">Preference
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8958.99px;left:9024px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9150.99px;left:8745.76px;white-space:nowrap">VRDP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9342.99px;left:8672.01px;letter-spacing:-0.41px;white-space:nowrap">Shares
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9534.99px;left:8212.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9342.99px;left:9747.05px;white-space:nowrap">Annualized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9534.99px;left:9525.45px;white-space:nowrap">Dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:9534.99px;left:10279.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:9820.07px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9772.95px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9772.95px;left:8196.82px;letter-spacing:0px;white-space:nowrap">907,800,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9772.95px;left:10173.93px;white-space:nowrap">3.73</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9772.95px;left:10493.92px;white-space:nowrap">%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10053.03px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10005.91px;left:8196.82px;letter-spacing:0px;white-space:nowrap">256,700,000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:10005.91px;left:10307.21px;white-space:nowrap">3.32</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">73</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:547.20px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-1.13px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:918.55px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1090.39px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1537.9px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2050.7px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2290.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2566.05px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3087.81px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3564.92px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4394.51px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4705.71px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4901.39px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1711.68px;left:0px;white-space:nowrap">7.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1711.68px;left:360px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1711.68px;left:1170.47px;letter-spacing:-5.5px;white-space:nowrap">Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1711.68px;left:1576.14px;letter-spacing:0.36px;white-space:nowrap">Information</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:797.6px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:948.63px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:1076.15px;white-space:nowrap">separate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:1736.78px;white-space:nowrap">taxpayer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:2394.54px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:2634.37px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:3176.44px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:3745.56px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:4003.31px;white-space:nowrap">purposes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:4750.02px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:5138.5px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:5547.62px;white-space:nowrap">intends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:6116.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:6308.89px;white-space:nowrap">distribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:7031.12px;white-space:nowrap">substantially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:7952.22px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:8156.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:8343.25px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:8547.41px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:8822.93px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:9649.48px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2094.8px;left:10218.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:0px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:275.52px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:790.87px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:1211.67px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:1404.14px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:2358.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:2672.45px;white-space:nowrap">otherwise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:3407px;white-space:nowrap">comply
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:3973.07px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:4313.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:4589.06px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:5572.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:5759.29px;white-space:nowrap">Subchapter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:6621.52px;white-space:nowrap">M
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:6808.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:6995.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:7270.63px;letter-spacing:0.32px;white-space:nowrap">Internal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:7854.78px;white-space:nowrap">Revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:8516.06px;white-space:nowrap">Code
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:8954.78px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:9739.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2286.8px;left:9932.36px;letter-spacing:-0.29px;white-space:nowrap">regulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:826.55px;white-space:nowrap">companies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:1689.1px;letter-spacing:-0.52px;white-space:nowrap">Therefore,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:2468.45px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:2696.77px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:3238.85px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:3807.96px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:4065.72px;letter-spacing:-0.29px;white-space:nowrap">provision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:4758.98px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2478.8px;left:4910.02px;letter-spacing:-0.64px;white-space:nowrap">required.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:0px;white-space:nowrap">Each
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:797.6px;white-space:nowrap">intends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:1366.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:1558.86px;white-space:nowrap">satisfy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:2038.7px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:2823.8px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:3146.52px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:3421.71px;white-space:nowrap">enable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:3952.27px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:4526.66px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:4899.93px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:5631.77px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:6384.07px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:6837.51px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:6988.55px;white-space:nowrap">exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:7575.26px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:7948.54px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:8493.49px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:9035.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:9349.8px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2814.8px;left:10197.15px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:569.11px;white-space:nowrap">taxes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:1028.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:1342.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:1514.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:1790.06px;white-space:nowrap">case
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:2151.82px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:2338.54px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:2709.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:2984.61px;letter-spacing:0.24px;white-space:nowrap">alternative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:3778.2px;white-space:nowrap">minimum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:4486.35px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:4744.11px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:5529.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:5721.69px;white-space:nowrap">individuals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:6521.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:6714px;letter-spacing:-0.41px;white-space:nowrap">retain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:7161.19px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:7528.87px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:8382.14px;white-space:nowrap">status
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:8841.17px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:9268.05px;white-space:nowrap">distributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3006.8px;left:10088.03px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:0px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:954.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:1140.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:1416.3px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:1938.06px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:2249.1px;letter-spacing:-0.32px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:2847.49px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:3362.84px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:3783.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:4097.88px;letter-spacing:-0.32px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:4725.87px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:5294.98px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:6218.65px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:6580.08px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:6799.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:7074.96px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:7552.23px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:7818.95px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:8375.91px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:8568.38px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3198.8px;left:9110.45px;white-space:nowrap">taxation.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:388.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:797.6px;text-rendering:optimizeLegibility;white-space:nowrap">files
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:1123.51px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:1692.62px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:1950.38px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:2489.25px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:2661.09px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:2993.25px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:3535.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:3849.56px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:4634.67px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:5025.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:5339.78px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:5716.1px;white-space:nowrap">jurisdictions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:6648.88px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:6803.12px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:7321.99px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:7864.07px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:8433.18px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:8690.94px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:9229.81px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3534.8px;left:9496.53px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:0px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:556.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:749.43px;white-space:nowrap">examination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:1665.1px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:1904.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:2032.45px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:2547.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:2734.52px;letter-spacing:-0.48px;white-space:nowrap">three
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:3149.24px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:3546.35px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:3961.23px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:4331.3px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:4787.61px;text-rendering:optimizeLegibility;white-space:nowrap">filed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:5187.61px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:5599.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:5913.52px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:6289.84px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:6547.59px;white-space:nowrap">returns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:7086.46px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:7427.42px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:7658.62px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:8215.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:8408.05px;white-space:nowrap">examination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:9323.72px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:9563.55px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3726.8px;left:9780.03px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:515.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:702.07px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:1063.34px;white-space:nowrap">depending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:1893.1px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:2121.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:2396.93px;white-space:nowrap">jurisdiction.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:3261.56px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:4257.55px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:4542.19px;white-space:nowrap">analyzed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:5212.1px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:5594.66px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:6113.54px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:6371.29px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:7058.48px;white-space:nowrap">taken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:7494.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:7733.99px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:7938.31px;white-space:nowrap">open
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:8353.34px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:8611.1px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:9025.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:9340.21px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3918.8px;left:9624.85px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:322.71px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:551.03px;letter-spacing:-0.29px;white-space:nowrap">provision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:1244.3px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:1484.14px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:2053.25px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:2311.01px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:2462.04px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:3107.8px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:3279.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:3555.15px;white-space:nowrap">Fund&#39;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:4074.03px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4110.8px;left:4702.34px;white-space:nowrap">statements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:409.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:684.63px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:1004.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:1191.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:1467.02px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:2174.69px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:2734.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:3010.04px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:3795.15px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:4132.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:4447.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:4722.66px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:4998.18px;letter-spacing:-0.26px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:5774.49px;letter-spacing:-0.21px;white-space:nowrap">appreciation/(depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:7750.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:7937.34px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:8141.66px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:9036.37px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:9276.2px;white-space:nowrap">federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:9818.28px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4446.8px;left:10387.39px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4638.8px;left:0px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4638.8px;left:702.23px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4638.8px;left:1090.39px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4638.8px;left:1286.07px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:281.44px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:983.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:1170.38px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:1463.5px;letter-spacing:-0.24px;white-space:nowrap">disclosure,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:2263.49px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:2521.25px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:2859px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:3558.19px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:4189.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:4464.9px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:4802.66px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:4989.37px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:5646.64px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:6541.35px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:6737.02px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:7062.78px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:7258.46px;letter-spacing:-0.32px;white-space:nowrap">up-front
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:7877.49px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:8215.41px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:8407.88px;letter-spacing:-0.32px;white-space:nowrap">premiums
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:9157.47px;white-space:nowrap">exchanged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6878.99px;left:9990.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:0px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:808.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:1122.87px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:1416.46px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:2074.38px;letter-spacing:-0.26px;white-space:nowrap">unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:2850.69px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:3090.52px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:3659.64px;white-space:nowrap">statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:4417.87px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:5125.54px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:5409.85px;letter-spacing:-0.32px;white-space:nowrap">realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:6008.25px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:6577.36px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:7098.79px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:7614.15px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:8034.94px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:8274.78px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:8532.53px;letter-spacing:-0.26px;white-space:nowrap">reporting,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:9284.68px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7070.99px;left:9414.92px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:409.11px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:790.86px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:1187.98px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:1703.33px;white-space:nowrap">end,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:2067.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:2343.49px;white-space:nowrap">components
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:3277.08px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:3463.79px;white-space:nowrap">accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:4421.06px;letter-spacing:0.32px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:5075.77px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:5304.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:5431.61px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:5689.37px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:6089.36px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:6477.52px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7406.99px;left:6673.2px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:222.4px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:409.11px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:790.86px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:1187.98px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:1703.33px;white-space:nowrap">end,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:2067.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:2343.49px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:2820.76px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:3135px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:3650.35px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:3964.43px;letter-spacing:-0.15px;white-space:nowrap">carryforwards,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:5006.97px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:5460.41px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:5735.6px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9817.03px;left:6017.03px;letter-spacing:-0.41px;white-space:nowrap">expire:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:0px;white-space:nowrap">8.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:360px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:1785.8px;white-space:nowrap">Fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:2327.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:2775.56px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:3447.64px;letter-spacing:-1.56px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:4771.57px;letter-spacing:0px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:11892.03px;left:5280.86px;letter-spacing:-0.4px;white-space:nowrap">Affiliates</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:388.48px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:889.59px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:1879.51px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:2149.27px;white-space:nowrap">compensates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:3139.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:3414.69px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:3992.44px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:4232.28px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:4750.67px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:5577.22px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:6211.29px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:6525.53px;white-space:nowrap">administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:7567.91px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:8172.38px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:8486.62px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:9070.3px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">office
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:9506.13px;white-space:nowrap">facilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12275.15px;left:10166.44px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:0px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:906.71px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:1057.75px;white-space:nowrap">compensated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:2077.26px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:2317.09px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:2684.12px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:3288.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:3481.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:3756.59px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:4233.87px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:4607.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:4882.66px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:5872.57px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:6210.49px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:6571.92px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:6764.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12467.15px;left:7039.92px;letter-spacing:-1.84px;white-space:nowrap">Adviser.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:384.96px;left:7484.45px;letter-spacing:-3.46px;white-space:nowrap">Year
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:384.96px;left:7863.49px;white-space:nowrap">Ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:384.96px;left:8405.08px;letter-spacing:-0.85px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:384.96px;left:9136.6px;letter-spacing:-1.2px;white-space:nowrap">28,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:384.96px;left:9426.51px;white-space:nowrap">2023</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:585.92px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:585.92px;left:7326.69px;white-space:nowrap">Series</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:585.92px;left:8384.01px;letter-spacing:-0.48px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:585.92px;left:10005.29px;white-space:nowrap">Amount</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:0px;white-space:nowrap">VRDP
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:449.43px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:975.67px;letter-spacing:-0.36px;white-space:nowrap">redeemed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:7705.4px;white-space:nowrap">3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:8524.81px;white-space:nowrap">(498)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:786.88px;left:9612.83px;white-space:nowrap">$(49,800,000)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:987.84px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:987.84px;left:7326.69px;white-space:nowrap">Series
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:987.84px;left:8384.01px;letter-spacing:-0.48px;white-space:nowrap">Shares</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:987.84px;left:10005.29px;white-space:nowrap">Amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:0px;white-space:nowrap">VRDP
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:449.43px;letter-spacing:-0.41px;white-space:nowrap">Shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:975.67px;letter-spacing:-0.36px;white-space:nowrap">redeemed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:7705.4px;white-space:nowrap">2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:8524.81px;white-space:nowrap">(355)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1188.8px;left:9612.83px;white-space:nowrap">$(35,500,000)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5591.76px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5559.76px;left:5307.51px;letter-spacing:-3.36px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5559.76px;left:5572.8px;letter-spacing:-0.42px;white-space:nowrap">Cost</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5391.76px;left:6164.27px;letter-spacing:-0.42px;white-space:nowrap">Gross
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5391.76px;left:6580.49px;letter-spacing:-0.34px;white-space:nowrap">Unrealized</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5559.76px;left:6434.89px;letter-spacing:-0.33px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5223.76px;left:8373.99px;letter-spacing:-0.42px;white-space:nowrap">Gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5391.76px;left:8020.49px;letter-spacing:-0.34px;white-space:nowrap">Unrealized</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5559.76px;left:7781.37px;letter-spacing:-0.28px;white-space:nowrap">(Depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5055.76px;left:10309.08px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5223.76px;left:9820.49px;letter-spacing:-0.31px;white-space:nowrap">Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5391.76px;left:9674.89px;letter-spacing:-0.3px;white-space:nowrap">Appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5559.76px;left:9581.37px;letter-spacing:-0.28px;white-space:nowrap">(Depreciation)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:5814.6px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:4507.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:4954.02px;letter-spacing:0px;white-space:nowrap">3,011,996,938
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:5947.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:6592.82px;white-space:nowrap">72,914,639
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:7387.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:7867.62px;letter-spacing:0px;white-space:nowrap">(114,205,147)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:8836px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:5782.6px;left:9730.82px;white-space:nowrap">(41,290,508)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6032.43px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6000.43px;left:5071.62px;letter-spacing:0px;white-space:nowrap">995,608,455
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6000.43px;left:6592.82px;white-space:nowrap">36,798,519</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6000.43px;left:7948.82px;letter-spacing:0px;white-space:nowrap">(36,210,958)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6000.43px;left:10013.61px;white-space:nowrap">587,561</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6250.27px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6218.27px;left:5071.62px;letter-spacing:0px;white-space:nowrap">294,616,566</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6218.27px;left:6592.82px;white-space:nowrap">10,483,076
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6218.27px;left:7948.82px;letter-spacing:0px;white-space:nowrap">(11,129,101)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6218.27px;left:9929.62px;white-space:nowrap">(646,025)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:6468.11px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6436.11px;left:5152.82px;white-space:nowrap">84,645,515
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6436.11px;left:6674.01px;white-space:nowrap">2,713,353</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6436.11px;left:8030.02px;white-space:nowrap">(2,902,751)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:6436.11px;left:9929.62px;white-space:nowrap">(189,398)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8191.95px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7823.95px;left:1431.99px;white-space:nowrap">Undistributed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:1579.82px;letter-spacing:-1.82px;white-space:nowrap">Tax-Exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:1820.82px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;font-weight:bold;position:absolute;top:8157.47px;left:2323.27px;white-space:nowrap">1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7823.95px;left:2583.99px;white-space:nowrap">Undistributed</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:2922.09px;letter-spacing:-0.31px;white-space:nowrap">Ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:3025.55px;white-space:nowrap">Income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7823.95px;left:3807.99px;white-space:nowrap">Undistributed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:4044.87px;letter-spacing:-1.6px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:3855.73px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:4371.35px;white-space:nowrap">Gains</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7823.95px;left:5241.29px;letter-spacing:-0.34px;white-space:nowrap">Unrealized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:5095.69px;letter-spacing:-0.33px;white-space:nowrap">Appreciation</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:5002.17px;letter-spacing:-0.28px;white-space:nowrap">(Depreciation)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:6392.63px;letter-spacing:-0.31px;white-space:nowrap">Capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:6908.25px;letter-spacing:-0.63px;white-space:nowrap">Loss</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:6228.41px;letter-spacing:-0.39px;white-space:nowrap">Carryforwards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:7480.55px;letter-spacing:-1.65px;white-space:nowrap">Late-Year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:8132.25px;letter-spacing:-0.63px;white-space:nowrap">Loss</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:7802.13px;letter-spacing:-0.25px;white-space:nowrap">Deferrals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7823.95px;left:9251.52px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:7991.95px;left:8848.47px;letter-spacing:-1.4px;white-space:nowrap">Book-to-Tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:8874.51px;letter-spacing:-0.61px;white-space:nowrap">Differences</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8159.95px;left:10542.58px;letter-spacing:-2.69px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8414.79px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:1167.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:1709.81px;white-space:nowrap">1,638,260</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:2391.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:3132.61px;white-space:nowrap">24,751</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:3615.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:4839.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:5216.62px;white-space:nowrap">(17,376,926)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:6063.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:6359.42px;letter-spacing:0px;white-space:nowrap">(133,506,505)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:7287.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:8387px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:8511.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:8969.82px;white-space:nowrap">(5,210,462)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:9735.8px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8382.79px;left:10031.42px;letter-spacing:0px;white-space:nowrap">(154,430,882)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8632.63px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:1709.81px;white-space:nowrap">2,654,741</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:3213.81px;white-space:nowrap">2,681
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:5381.81px;white-space:nowrap">6,992,648
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:6440.62px;white-space:nowrap">(26,731,820)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:8387px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:8969.82px;white-space:nowrap">(1,972,094)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8600.63px;left:10112.62px;white-space:nowrap">(19,053,844)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:8850.47px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:1709.81px;white-space:nowrap">1,507,802
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:3491px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:4715px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:5499.41px;white-space:nowrap">794,877</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:6521.82px;white-space:nowrap">(9,406,607)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:8387px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:9087.42px;white-space:nowrap">(960,138)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:8818.47px;left:10193.82px;white-space:nowrap">(8,064,066)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:9068.31px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:1827.41px;white-space:nowrap">383,664</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:3491px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:4715px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:5499.41px;white-space:nowrap">216,926
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:6521.82px;white-space:nowrap">(1,707,335)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:8387px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:9087.42px;white-space:nowrap">(276,739)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9036.31px;left:10193.82px;white-space:nowrap">(1,383,484)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:81.6px;position:absolute;top:9341.67px;left:0px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:547.2px;white-space:nowrap">Undistributed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:1463.2px;letter-spacing:-0.31px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:2211.36px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:2721.93px;white-space:nowrap">(on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:2965.81px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:3075.57px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:3297.46px;white-space:nowrap">basis)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:3697.72px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:3951.25px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:4197.51px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:4563.19px;letter-spacing:-0.31px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:5135.92px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:5348.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:5589.23px;white-space:nowrap">dividend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:6191.51px;letter-spacing:-0.28px;white-space:nowrap">declared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:6792.94px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:6994.82px;letter-spacing:-0.75px;white-space:nowrap">February
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:7596.25px;letter-spacing:-1.4px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:7744.65px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:8104.44px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:8384.72px;letter-spacing:0px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:8707.56px;letter-spacing:0px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:8909.43px;letter-spacing:-0.42px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:9342.73px;letter-spacing:-1.4px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:9344.15px;left:9491.13px;letter-spacing:-0.84px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10265.99px;left:0px;letter-spacing:-1.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10233.99px;left:6942.59px;letter-spacing:-1.51px;white-space:nowrap">Short-Term</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10233.99px;left:8408.07px;letter-spacing:-1.77px;white-space:nowrap">Long-Term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10233.99px;left:10225.78px;letter-spacing:-2.69px;white-space:nowrap">Total</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10549.31px;left:0px;letter-spacing:-0.84px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:6307.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:6952.82px;white-space:nowrap">83,940,978
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:8392.82px;white-space:nowrap">49,565,527
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10517.31px;left:9751.62px;letter-spacing:0px;white-space:nowrap">133,506,505
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:10827.63px;left:0px;letter-spacing:-0.56px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10795.63px;left:6952.82px;white-space:nowrap">12,077,281
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10795.63px;left:8392.82px;white-space:nowrap">14,654,539</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:10795.63px;left:9832.82px;white-space:nowrap">26,731,820
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:11105.95px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11073.95px;left:7034.01px;white-space:nowrap">3,960,863
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11073.95px;left:8474.01px;white-space:nowrap">5,445,744</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11073.95px;left:9914.01px;white-space:nowrap">9,406,607
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:130px;font-weight:bold;position:absolute;top:11384.27px;left:0px;letter-spacing:-1.4px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11352.27px;left:7151.61px;white-space:nowrap">435,076
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11352.27px;left:8474.01px;white-space:nowrap">1,272,259</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;position:absolute;top:11352.27px;left:9914.01px;white-space:nowrap">1,707,335
</div></div> </div> </div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">74</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:543.60px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:388.48px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:889.59px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1879.51px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2149.27px;white-space:nowrap">consists
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2750.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2937.41px;white-space:nowrap">two
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3245.41px;white-space:nowrap">components
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4178.99px;white-space:nowrap">&#8211;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4303.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4430.99px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5183.63px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5497.86px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5978.02px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6321.86px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6550.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6825.69px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7415.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7602.16px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8076.24px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8544.07px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8926.63px;white-space:nowrap">individual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9658.3px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:314.24px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:441.76px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1481.9px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1796.14px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2276.3px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2504.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2780.13px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3565.25px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4155px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4341.72px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4546.03px;white-space:nowrap">eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5117.54px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5485.06px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5959.14px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6679.45px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6898.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7174.33px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7781.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8096.08px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8335.91px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8727.27px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8854.79px;letter-spacing:-0.48px;white-space:nowrap">gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9278.46px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9852.85px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">component.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:909.91px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1241.75px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1777.74px;letter-spacing:-0.29px;white-space:nowrap">structure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2443.97px;white-space:nowrap">enables
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3042.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3451.8px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4405.87px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4598.35px;text-rendering:optimizeLegibility;white-space:nowrap">benefit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5146.5px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5519.78px;letter-spacing:-0.41px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6064.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6236.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6512.08px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6986.16px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7453.99px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7821.02px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8594.29px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9003.41px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9199.09px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9524.85px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9720.52px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:10093.8px;letter-spacing:-0.41px;white-space:nowrap">growth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:171.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:447.36px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1037.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1223.83px;white-space:nowrap">complex-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2272.77px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2746.85px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3467.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3686.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3962.04px;letter-spacing:-1.84px;white-space:nowrap">Adviser.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:0px;white-space:nowrap">NCA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:391.36px;white-space:nowrap">pays
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:761.91px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:978.39px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:1494.23px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2246.86px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2561.1px;white-space:nowrap">payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3171.66px;letter-spacing:-1.64px;white-space:nowrap">monthly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3823.65px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4010.36px;white-space:nowrap">0.15%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4499.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4686.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4961.72px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5578.19px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5957.39px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6232.9px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6706.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6893.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7169.21px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7622.81px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7818.49px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8144.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8339.92px;white-space:nowrap">4.125%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8918px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9104.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9380.23px;letter-spacing:-0.48px;white-space:nowrap">gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9803.91px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:569.11px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1348.63px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1923.02px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2151.34px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2643.33px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3446.2px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3573.72px;white-space:nowrap">&#8220;self-deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4723.14px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5271.3px;text-rendering:optimizeLegibility;white-space:nowrap">floater&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5857.85px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6218.8px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6541.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6692.55px;white-space:nowrap">attributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7444.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7636.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:7912.37px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8321.49px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8680.05px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:8994.28px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9480.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:9756.04px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:10031.56px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:0px;letter-spacing:0.41px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:548.15px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:776.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1051.99px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:1600.14px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2103.65px;white-space:nowrap">itself)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2524.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2710.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:2986.36px;white-space:nowrap">Fund.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:314.24px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:830.08px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1582.71px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1896.95px;white-space:nowrap">payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2507.5px;letter-spacing:-1.64px;white-space:nowrap">monthly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3159.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3399.33px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3790.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4104.92px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4475.48px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4626.52px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5396.91px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6146.66px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6339.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6614.65px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:7313.68px;white-space:nowrap">schedules:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:314.24px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:830.08px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:1582.71px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:1896.95px;white-space:nowrap">payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:2507.5px;letter-spacing:-1.64px;white-space:nowrap">monthly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:3159.49px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:3399.33px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:3781.72px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:3932.76px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:4703.15px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:5452.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:5645.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:5920.9px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3965.72px;left:6619.92px;white-space:nowrap">schedule:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:314.24px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:830.08px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:1870.22px;white-space:nowrap">fee,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:2184.46px;white-space:nowrap">payable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:2795.01px;letter-spacing:-1.64px;white-space:nowrap">monthly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:3447.01px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:3686.84px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:4069.4px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:4478.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:4629.56px;white-space:nowrap">calculated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:5399.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:5619.3px;white-space:nowrap">multiplying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:6457.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:6732.89px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:7277.84px;white-space:nowrap">complex-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:8326.79px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:8596.55px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:8963.74px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6452.39px;left:9843.41px;letter-spacing:-0.29px;white-space:nowrap">according
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:192.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:467.99px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:1167.02px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:1848.77px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:2068.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:2343.65px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:2844.77px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:3223.96px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:3944.28px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:4418.35px;white-space:nowrap">(net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:4735.47px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:5209.54px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:5449.38px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:5840.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6644.39px;left:6154.97px;white-space:nowrap">NXC):</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:0px;white-space:nowrap">*
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:97.28px;letter-spacing:-0.96px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:300.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:512.63px;letter-spacing:-0.21px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:1317.41px;letter-spacing:-0.8px;white-space:nowrap">fees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:1604.61px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:2169.56px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:2533.71px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:2980.1px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:3619.28px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:3911.76px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:4275.91px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:4840.86px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:5005.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:5214.14px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:5653.65px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:5902.6px;letter-spacing:-0.24px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:6107.4px;letter-spacing:-0.15px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:6790.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:6930.58px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:7340.49px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:7666.73px;letter-spacing:1.28px;white-space:nowrap">of
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10004.78px;left:8348.31px;letter-spacing:-0.96px;white-space:nowrap">For
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10772.78px;left:4384.7px;white-space:nowrap">Eligible
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:870.06px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:1339.17px;white-space:nowrap">(originally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:1938.2px;white-space:nowrap">$2
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:2118.19px;white-space:nowrap">billion)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:2548.74px;white-space:nowrap">added
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:2934.33px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:3074.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:3286.32px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:3751.43px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:4043.9px;letter-spacing:-0.12px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:4548.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:4688.69px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:5335.07px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:5606.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:5815.71px;letter-spacing:-0.19px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:6337.93px;letter-spacing:-0.09px;white-space:nowrap">assumption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:7024.64px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:7166.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:7378.39px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:8165.74px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:8307.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:8519.49px;white-space:nowrap">former
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:8926.84px;letter-spacing:-0.48px;white-space:nowrap">First
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:9187.48px;white-space:nowrap">American
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:9745.71px;letter-spacing:-0.64px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:10964.78px;left:10114.18px;letter-spacing:-0.19px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:180px;letter-spacing:-0.12px;white-space:nowrap">January
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:652.79px;letter-spacing:-1.6px;white-space:nowrap">1,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:787.51px;letter-spacing:-0.8px;white-space:nowrap">2011,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:1147.82px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:1367.17px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:1541.73px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:1756.92px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:2203.31px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:2613.22px;letter-spacing:-0.14px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:2977.38px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:3119.13px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:3529.04px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:3994.15px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:4341.02px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:4589.98px;letter-spacing:-0.19px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:4889.81px;letter-spacing:-0.16px;white-space:nowrap">reorganized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:5588.35px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:5838.75px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:6185.62px;white-space:nowrap">advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:6646.25px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:6810.41px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:6979.84px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">affiliate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:7425.91px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:7567.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:7776.79px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:8216.3px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:8624.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:8836.44px;white-space:nowrap">2019
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:9166.83px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:9675.94px;letter-spacing:-1.6px;white-space:nowrap">year.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:9963.94px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11156.78px;left:10122.17px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:180px;white-space:nowrap">August
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:603.19px;letter-spacing:-1.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:813.11px;letter-spacing:-0.8px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:1173.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:1385.41px;letter-spacing:-0.21px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:2190.2px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:2393.07px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:2574.83px;letter-spacing:-0.19px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:2864.26px;letter-spacing:-0.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:3178.34px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:3418.97px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:139px;position:absolute;top:11348.78px;left:3567.61px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Average
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:693.75px;white-space:nowrap">Daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:1133.9px;white-space:nowrap">Managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:1909.42px;white-space:nowrap">Assets*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:8691.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2061px;left:10060.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:553.11px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:859.5px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:1270.7px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:8537.61px;white-space:nowrap">0.4500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:9043.2px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:9905.61px;white-space:nowrap">0.4500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2261.96px;left:10411.2px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:904.79px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:8537.61px;white-space:nowrap">0.4375
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2462.92px;left:9905.61px;white-space:nowrap">0.4375</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:904.79px;white-space:nowrap">$250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:8537.61px;white-space:nowrap">0.4250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2663.88px;left:9905.61px;white-space:nowrap">0.4250</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:904.79px;white-space:nowrap">$500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:8537.61px;white-space:nowrap">0.4125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2864.84px;left:9905.61px;white-space:nowrap">0.4125</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:904.79px;white-space:nowrap">$1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:8537.61px;white-space:nowrap">0.4000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3065.8px;left:9905.61px;white-space:nowrap">0.4000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:904.79px;white-space:nowrap">$3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:8537.61px;white-space:nowrap">0.3750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3266.76px;left:9905.61px;white-space:nowrap">0.3750</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:277.6px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:1017.27px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:1498.06px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:1863.01px;white-space:nowrap">$5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:2088.61px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:8537.61px;white-space:nowrap">0.3675
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3467.72px;left:9905.61px;white-space:nowrap">0.3675</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Average
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:693.75px;white-space:nowrap">Daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:1133.9px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:1452.3px;white-space:nowrap">Assets*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4350.67px;left:10310.56px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:9102.74px;letter-spacing:-0.87px;white-space:nowrap">Fund-Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:9992.8px;letter-spacing:-1.92px;white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:4542.67px;left:10308px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:553.11px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:859.5px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:1270.7px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:10150.41px;white-space:nowrap">0.1000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4743.63px;left:10656px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:904.79px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:4944.59px;left:10150.41px;white-space:nowrap">0.0875
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:904.79px;white-space:nowrap">$250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5145.55px;left:10150.41px;white-space:nowrap">0.0750
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:904.79px;white-space:nowrap">$500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:1315.98px;white-space:nowrap">million</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5346.51px;left:10150.41px;white-space:nowrap">0.0625
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:904.79px;white-space:nowrap">$1
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5547.47px;left:10150.41px;white-space:nowrap">0.0500
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:277.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:553.11px;letter-spacing:-0.19px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:904.79px;white-space:nowrap">$3
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:1130.38px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5748.43px;left:10150.41px;white-space:nowrap">0.0250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:0px;letter-spacing:-1.92px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:277.6px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:1017.27px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:1498.06px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:1863.01px;white-space:nowrap">$5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:2088.61px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:5949.39px;left:10150.41px;white-space:nowrap">0.0125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:0px;letter-spacing:-0.73px;white-space:nowrap">Complex-Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:1198.71px;white-space:nowrap">Eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:1829.1px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:2291.65px;letter-spacing:-0.35px;white-space:nowrap">Breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:3190.36px;letter-spacing:-0.48px;white-space:nowrap">Level*</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:6366.12px;letter-spacing:-0.48px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:7083.71px;letter-spacing:-0.73px;white-space:nowrap">Complex-Level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:8282.42px;letter-spacing:-1.92px;white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:8597.62px;letter-spacing:-0.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:8985.62px;letter-spacing:-0.53px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:9174.1px;letter-spacing:-0.35px;white-space:nowrap">Breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:7029.35px;left:10072.81px;letter-spacing:-0.58px;white-space:nowrap">Level</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7230.31px;left:0px;white-space:nowrap">$55
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7230.31px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7230.31px;left:9977.61px;white-space:nowrap">0.2000
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7230.31px;left:10483.2px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7431.27px;left:0px;white-space:nowrap">$56
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7431.27px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7431.27px;left:9977.61px;white-space:nowrap">0.1996
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7632.23px;left:0px;white-space:nowrap">$57
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7632.23px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7632.23px;left:9977.61px;white-space:nowrap">0.1989
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7833.19px;left:0px;white-space:nowrap">$60
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7833.19px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:7833.19px;left:9977.61px;white-space:nowrap">0.1961
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8034.15px;left:0px;white-space:nowrap">$63
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8034.15px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8034.15px;left:9977.61px;white-space:nowrap">0.1931
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8235.11px;left:0px;white-space:nowrap">$66
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8235.11px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8235.11px;left:9977.61px;white-space:nowrap">0.1900
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8436.07px;left:0px;white-space:nowrap">$71
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8436.07px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8436.07px;left:9977.61px;white-space:nowrap">0.1851
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8637.03px;left:0px;white-space:nowrap">$76
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8637.03px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8637.03px;left:9977.61px;white-space:nowrap">0.1806
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8837.99px;left:0px;white-space:nowrap">$80
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8837.99px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8837.99px;left:9977.61px;white-space:nowrap">0.1773
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9038.95px;left:0px;white-space:nowrap">$91
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9038.95px;left:318.39px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9038.95px;left:9977.61px;white-space:nowrap">0.1691
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9239.9px;left:0px;white-space:nowrap">$125
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9239.9px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9239.9px;left:9977.61px;white-space:nowrap">0.1599
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9440.86px;left:0px;white-space:nowrap">$200
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9440.86px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9440.86px;left:9977.61px;white-space:nowrap">0.1505
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9641.82px;left:0px;white-space:nowrap">$250
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9641.82px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9641.82px;left:9977.61px;white-space:nowrap">0.1469
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9842.78px;left:0px;white-space:nowrap">$300
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9842.78px;left:411.19px;white-space:nowrap">billion</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:9842.78px;left:9977.61px;white-space:nowrap">0.1445
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11797.74px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11765.74px;left:9153.29px;letter-spacing:-0.73px;white-space:nowrap">Complex-Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11765.74px;left:10352px;letter-spacing:-2.56px;white-space:nowrap">Fee</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:12067.7px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12035.7px;left:9958.4px;white-space:nowrap">0.1600%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:12332.66px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12300.66px;left:9958.4px;white-space:nowrap">0.1600%</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">75</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:634.85px;left:0px;position:absolute;top:0px;transform:translate(36.000px,113.840px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1145.8px;left:0px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1145.8px;left:550.44px;letter-spacing:-1.47px;white-space:nowrap">Transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1145.8px;left:1672.18px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:1145.8px;left:2102.02px;text-rendering:optimizeLegibility;letter-spacing:-0.6px;white-space:nowrap">Affiliates:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:2984px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:3372.48px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:3781.6px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:3932.63px;letter-spacing:0.29px;white-space:nowrap">permitted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:4687.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:4879.98px;letter-spacing:-0.32px;white-space:nowrap">purchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:5567.65px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:5760.13px;white-space:nowrap">sell
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:6038.52px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:6746.35px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:7119.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:7312.1px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:7504.58px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:8031.77px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:8455.28px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:8890.96px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:9083.44px;white-space:nowrap">accounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1160.92px;left:9759.27px;letter-spacing:0px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:219.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:494.88px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:1401.58px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">(&#8220;Affiliated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:2210.53px;white-space:nowrap">Entity&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:2785.24px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:3247.48px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:3934.99px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:4720.1px;white-space:nowrap">outlined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:5354.01px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:5525.85px;letter-spacing:-0.52px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:6373.36px;white-space:nowrap">adopted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:7031.11px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:7250.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:7525.99px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:7997.18px;letter-spacing:-0.17px;white-space:nowrap">(&quot;cross-trade&quot;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:9123.24px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1352.92px;left:9594.6px;letter-spacing:-0.52px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:0px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:382.56px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:791.68px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:1502.87px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:1695.35px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:2214.06px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:2536.78px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:2830.38px;letter-spacing:-0.24px;white-space:nowrap">cross-trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:3662.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:3849.4px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:4557.23px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:4776.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:5052.11px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:5461.23px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:5834.5px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:6026.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:6219.45px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:6435.93px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">Affiliated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:7120.24px;white-space:nowrap">Entity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:7570.31px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:7789.67px;white-space:nowrap">virtue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:8233.82px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:8420.54px;white-space:nowrap">having
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:8939.25px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:9066.77px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1544.92px;left:9739.72px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:0px;white-space:nowrap">adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:551.03px;white-space:nowrap">(or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:785.11px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:1442.7px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:2269.25px;white-space:nowrap">adviser),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:2906.36px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:3579.31px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">officer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:4068.26px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:4589.7px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:5262.65px;white-space:nowrap">trustee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:5801.52px;white-space:nowrap">complies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:6485.99px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:6826.46px;white-space:nowrap">Rule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:7182.14px;white-space:nowrap">17a-7
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:7629.82px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:8092.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:8367.57px;white-space:nowrap">1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:8767.89px;white-space:nowrap">Act.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:9096.85px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1736.92px;left:9568.21px;white-space:nowrap">transactions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:0px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:266.72px;letter-spacing:-0.32px;white-space:nowrap">effected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:897.91px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:1078.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:1354.07px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:1899.02px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:2435.17px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:2835.01px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:3072.29px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:3759.64px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:3978.99px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:4195.47px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:5158.51px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:5694.5px;white-space:nowrap">service)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:6272.41px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:6849.84px;white-space:nowrap">incurring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:7519.11px;letter-spacing:-0.41px;white-space:nowrap">broker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1928.92px;left:8025.66px;white-space:nowrap">commissions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:530.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:805.75px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:1350.71px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:1747.82px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:2307.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:2583.17px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:3060.45px;white-space:nowrap">engaged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:3748.12px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:3919.96px;letter-spacing:-0.22px;white-space:nowrap">cross-trades
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:4820.43px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:5486.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:5679.46px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:6112.09px;letter-spacing:-0.52px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:6959.6px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2264.92px;left:7155.28px;white-space:nowrap">follows:&#160;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4301.6px;left:0px;white-space:nowrap">9.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4301.6px;left:360px;white-space:nowrap">Commitments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4301.6px;left:1862.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4301.6px;left:2310.93px;white-space:nowrap">Contingencies</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:175.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:451.2px;letter-spacing:0.41px;white-space:nowrap">normal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:993.27px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:1508.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:1695.66px;white-space:nowrap">business,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:2392.13px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:2774.69px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:3183.81px;white-space:nowrap">enters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:3669.56px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:3989.4px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:4116.92px;white-space:nowrap">variety
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:4632.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:4818.98px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:5707.94px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:6030.65px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:6371.61px;white-space:nowrap">expose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:6931.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:7207.44px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:7616.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:7809.04px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:8241.83px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:8523.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:8709.82px;white-space:nowrap">loss.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:9068.38px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:9539.73px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4684.72px;left:9981.33px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:0px;letter-spacing:-0.32px;white-space:nowrap">recourse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:654.87px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:1682.86px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:1922.7px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:2449.89px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:2820.44px;letter-spacing:-2.1px;white-space:nowrap">Trusts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:3273.56px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:3587.8px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:4114.99px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:5003.94px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:5548.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:5741.37px;letter-spacing:-0.58px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:6449.2px;letter-spacing:-0.36px;white-space:nowrap">shares,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:6985.68px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:7439.11px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:7705.83px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:8458.3px;letter-spacing:-0.29px;white-space:nowrap">elsewhere
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:9219.9px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:9391.74px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4876.72px;left:9824.37px;white-space:nowrap">Notes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:192.48px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:862.23px;white-space:nowrap">Statements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:1753.9px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:2068.14px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:2349.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:2536.13px;letter-spacing:-0.41px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:2998.2px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:3312.28px;white-space:nowrap">arising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:3824.59px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:4197.86px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:4565.54px;letter-spacing:-0.24px;white-space:nowrap">agreements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:5498.97px;white-space:nowrap">while
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:5913.69px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:6195.12px;text-rendering:optimizeLegibility;white-space:nowrap">quantifiable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:7128.39px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:7279.43px;white-space:nowrap">expected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:7993.66px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:8186.14px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:8417.34px;letter-spacing:-0.36px;white-space:nowrap">remote.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:9018.77px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:9241.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:9427.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:9703.4px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:10023.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5068.72px;left:10210.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:0px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:707.67px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:1267.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:1543.02px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:2020.3px;white-space:nowrap">did
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:2298.69px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:2580.13px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:2962.69px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:3256.28px;white-space:nowrap">unfunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5260.72px;left:3988.44px;white-space:nowrap">commitments.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:0px;letter-spacing:-0.58px;white-space:nowrap">From
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:414.88px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:776.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:968.63px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:1374.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:1649.9px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:2127.18px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:2468.13px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:2699.33px;white-space:nowrap">party
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:3107.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:3300.44px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:3827.63px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:4218.67px;letter-spacing:-0.24px;white-space:nowrap">proceedings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:5152.1px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:5323.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:5599.45px;letter-spacing:-0.32px;white-space:nowrap">ordinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:6227.44px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:6743.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:6929.83px;white-space:nowrap">business,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:7626.31px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:8325.5px;letter-spacing:-0.24px;white-space:nowrap">proceedings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:9258.93px;letter-spacing:-0.32px;white-space:nowrap">relating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:9842.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5596.72px;left:10034.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:0px;letter-spacing:-0.24px;white-space:nowrap">enforcement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:948.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:1135.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:1410.54px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:1929.42px;white-space:nowrap">rights
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:2373.41px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:2835.65px;white-space:nowrap">contracts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:3573.24px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:3795.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:3982.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:4257.87px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:4578.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:4764.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:5040.26px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:5747.93px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:6307.76px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:7297.67px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:7582.31px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:8461.98px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:8784.69px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:9078.29px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5788.72px;left:9469.33px;letter-spacing:-0.21px;white-space:nowrap">proceeding(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:275.52px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:752.8px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:1019.51px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:1576.47px;white-space:nowrap">to,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:1813.42px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:2512.61px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:2951.17px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:3703.64px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:4171.47px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:4464.59px;letter-spacing:-0.36px;white-space:nowrap">report,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:4991.62px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:5258.34px;white-space:nowrap">unlikely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:5839.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:6031.61px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:6414.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:6541.68px;white-space:nowrap">material
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:7160.55px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:7690.79px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:7883.26px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:8176.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:8363.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:8639.09px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:9157.97px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5980.72px;left:9786.28px;white-space:nowrap">statements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6341.6px;left:0px;white-space:nowrap">10.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6341.6px;left:360px;letter-spacing:-0.4px;white-space:nowrap">Borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:6341.6px;left:1500.46px;white-space:nowrap">Arrangements</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6733.6px;left:0px;letter-spacing:-0.65px;white-space:nowrap">Committed
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6733.6px;left:1023.11px;white-space:nowrap">Line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6733.6px;left:1434.23px;letter-spacing:1.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:6733.6px;left:1662.82px;letter-spacing:-0.4px;white-space:nowrap">Credit:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:2306.85px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:2621.09px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:3142.85px;white-space:nowrap">along
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:3590.36px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:3930.84px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:4458.03px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:4881.54px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:5317.22px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:6037.54px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:6256.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:6532.41px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:7110.16px;white-space:nowrap">(&#8220;Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:8173.34px;white-space:nowrap">Funds&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:8819.74px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:9202.3px;white-space:nowrap">established
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:10058.45px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6748.72px;left:10185.97px;white-space:nowrap">364-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:0px;letter-spacing:-2.94px;white-space:nowrap">day,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:332.16px;white-space:nowrap">$2.700
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:865.92px;white-space:nowrap">billion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:1345.59px;white-space:nowrap">standby
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:1955.98px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:2406.05px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:2903.48px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:3243.96px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:3371.48px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:3845.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:4032.27px;white-space:nowrap">lenders,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:4645.54px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:5107.78px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:5561.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:5836.73px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:6775.27px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:7252.55px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:7593.51px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:8144.38px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:8384.21px;white-space:nowrap">temporary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:9166.12px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6940.72px;left:9868.35px;white-space:nowrap">(other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:0px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:358.56px;white-space:nowrap">on-going
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:1057.91px;white-space:nowrap">leveraging
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:1854.86px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:2094.69px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:2921.24px;white-space:nowrap">purposes).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:3709.55px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:4098.03px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:5036.57px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:5445.69px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:5596.73px;white-space:nowrap">allocated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:6295.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:6423.44px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:7270.79px;letter-spacing:-0.26px;white-space:nowrap">proportion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:8079.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:8265.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:8541.49px;letter-spacing:-1.61px;white-space:nowrap">facility&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:9130.92px;white-space:nowrap">capacity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:9762.11px;white-space:nowrap">(and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7132.72px;left:10117.94px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:0px;white-space:nowrap">associated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:797.11px;white-space:nowrap">costs,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:1247.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:1443.18px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:2195.65px;white-space:nowrap">below)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:2717.24px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:3197.4px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:3612.44px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:3739.96px;white-space:nowrap">multi-factor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:4601.54px;white-space:nowrap">assessment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:5458.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:5644.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:5920.24px;white-space:nowrap">likelihood
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:6660.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:6975.11px;letter-spacing:-0.29px;white-space:nowrap">frequency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:7725.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:7911.74px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:8115.9px;white-space:nowrap">need
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:8525.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:8717.49px;white-space:nowrap">draw
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:9111.4px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:9339.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:9615.24px;letter-spacing:-1.47px;white-space:nowrap">facility,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7324.72px;left:10142.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:0px;white-space:nowrap">size
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:308.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:494.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:770.39px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:1179.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:1493.75px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:1697.9px;white-space:nowrap">anticipated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:2542.05px;white-space:nowrap">draws,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:3048.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:3362.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:3638.36px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:4319.47px;white-space:nowrap">importance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:5175.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:5362.33px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:5730.01px;white-space:nowrap">draws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:6192.08px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:6384.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:6660.08px;white-space:nowrap">operations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:7465.82px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:7780.06px;white-space:nowrap">well-being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:8570.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:8757.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:9033.16px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:9486.76px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7516.72px;left:10049.48px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:0px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:438.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:625.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:900.79px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:1324.3px;white-space:nowrap">Funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:1846.06px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:2000.3px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:2409.42px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:2750.37px;letter-spacing:-0.41px;white-space:nowrap">effect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:3194.85px;white-space:nowrap">draws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:3656.92px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:3885.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:4160.76px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:4658.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:4830.02px;white-space:nowrap">excess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:5342.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:5529.7px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:5733.85px;white-space:nowrap">designated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:6581.2px;white-space:nowrap">capacity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:7212.4px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:7342.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:7656.87px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:7849.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:8124.86px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:8619.58px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:8942.29px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7708.72px;left:9365.81px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:0px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:477.28px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:859.84px;white-space:nowrap">undrawn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:1520.63px;letter-spacing:-1.47px;white-space:nowrap">capacity.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:2181.58px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:2495.82px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:3040.77px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:3490.85px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:3988.28px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:4299.47px;letter-spacing:-0.36px;white-space:nowrap">entered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:4900.91px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:5220.74px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:5449.06px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:5837.54px;white-space:nowrap">21,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:6104.42px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:6504.74px;white-space:nowrap">expiring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:7129.69px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:7358.01px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:7746.49px;white-space:nowrap">19,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:8013.37px;white-space:nowrap">2024,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:8458.17px;letter-spacing:-0.29px;white-space:nowrap">replacing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:9163.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:9438.8px;letter-spacing:-0.32px;white-space:nowrap">previous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7900.72px;left:10087.75px;letter-spacing:-1.47px;white-space:nowrap">facility,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8092.72px;left:0px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8092.72px;left:453.44px;letter-spacing:-0.36px;white-space:nowrap">expired
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8092.72px;left:1037.11px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8092.72px;left:1425.59px;white-space:nowrap">2023.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:314.24px;letter-spacing:-0.41px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:764.31px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:1261.74px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:1546.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:1821.9px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:2520.92px;letter-spacing:0.41px;white-space:nowrap">terms:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:3012.43px;white-space:nowrap">0.15%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:3501.55px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:3785.87px;white-space:nowrap">annum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:4316.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:4544.9px;white-space:nowrap">unused
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:5111.14px;white-space:nowrap">commitment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:6059.13px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:6717.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:7031.28px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:7158.8px;white-space:nowrap">drawn
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:7641.67px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:8216.06px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:8538.78px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:8980.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:9172.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:9448.37px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:9949px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8428.72px;left:10135.72px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:0px;white-space:nowrap">OBFR
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:462.56px;letter-spacing:0.26px;white-space:nowrap">(Overnight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:1271.35px;white-space:nowrap">Bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:1665.74px;white-space:nowrap">Funding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:2299.98px;white-space:nowrap">Rate)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:2706.05px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:3043.81px;white-space:nowrap">1.20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:3532.93px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:3817.24px;white-space:nowrap">annum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:4347.96px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:4540.44px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:4765.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:5041.39px;white-space:nowrap">Fed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:5361.55px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:5838.83px;letter-spacing:-0.29px;white-space:nowrap">Effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:6493.7px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:6858.17px;white-space:nowrap">plus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:7195.93px;white-space:nowrap">1.20%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:7685.05px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:7969.37px;white-space:nowrap">annum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:8500.08px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:8728.4px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8620.72px;left:9386.31px;letter-spacing:-0.29px;white-space:nowrap">borrowed.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:314.24px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:1252.78px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:1730.06px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:2059.01px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:2687.01px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:2814.53px;white-space:nowrap">0.05%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:3303.65px;letter-spacing:-0.36px;white-space:nowrap">upfront
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:3869.4px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:4139.16px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:4367.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:4642.99px;letter-spacing:-0.29px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:5369.06px;white-space:nowrap">commitments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:6385.21px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:6758.48px;white-space:nowrap">select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:7217.68px;white-space:nowrap">lenders.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:7830.95px;letter-spacing:-0.32px;white-space:nowrap">Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:8409.18px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:9052.54px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:9680.53px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8812.72px;left:9899.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:0px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:938.54px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:1460.3px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:1887.18px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:2716.77px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:2867.81px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:3703.48px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:3899.16px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:4026.67px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:4892.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:5078.82px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:5740.09px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:6383.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:6697.69px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:7627.59px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:7814.31px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:8412.7px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:8901.65px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:9129.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:9405.49px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9004.72px;left:10184.52px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:0px;white-space:nowrap">Operations.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:888.79px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:1827.33px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:2304.61px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:2666.04px;white-space:nowrap">administration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:3770.67px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:4161.7px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:4475.94px;white-space:nowrap">arrangement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:5435.77px;white-space:nowrap">fees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:5818.17px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:6271.6px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:6538.32px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:7373.99px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:7569.67px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:7697.19px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:8562.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:8749.34px;letter-spacing:-0.29px;white-space:nowrap">&#8220;Interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:9410.61px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9196.72px;left:10053.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:0px;white-space:nowrap">amortization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:929.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:1116.62px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:1715.01px;white-space:nowrap">costs&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:2203.96px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:2432.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:2707.8px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:3486.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:3673.54px;white-space:nowrap">Operations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:4562.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:4876.57px;white-space:nowrap">along
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:5324.09px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:5664.56px;white-space:nowrap">commitment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:6612.55px;white-space:nowrap">fees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:6994.94px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:7377.5px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:7786.62px;white-space:nowrap">allocated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:8485.81px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:9031.25px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9388.72px;left:9398.92px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:0px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:477.28px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:957.43px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:1372.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:1647.99px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:2210.7px;letter-spacing:-0.24px;white-space:nowrap">proportions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:3087.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:3274.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:3549.56px;letter-spacing:-1.61px;white-space:nowrap">facility&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:4138.99px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:4924.1px;white-space:nowrap">capacity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:5555.29px;letter-spacing:-0.32px;white-space:nowrap">reserved
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:6213.04px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:6452.88px;white-space:nowrap">them
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:6864.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:7178.95px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:7602.47px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:8123.74px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:8766.93px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:9380.21px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:9599.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9580.72px;left:9875.08px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:314.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:589.76px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:1060.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:1247.67px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:1630.22px;white-space:nowrap">Participating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9772.72px;left:2568.77px;white-space:nowrap">Fund.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:530.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:805.75px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:1350.71px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:1747.82px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:2307.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:2583.17px;white-space:nowrap">following
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:3282.19px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:3759.47px;white-space:nowrap">utilized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:4316.1px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:4609.22px;letter-spacing:-1.47px;white-space:nowrap">facility.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:5136.41px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:5450.65px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:5951.77px;white-space:nowrap">maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:6692.72px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:7590.31px;white-space:nowrap">balance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:8192.06px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:8701.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:8977.01px;white-space:nowrap">utilization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:9705.32px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10108.72px;left:10220.67px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10300.72px;left:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10300.72px;left:195.68px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11797.74px;left:-12067.2px;letter-spacing:-1.68px;transform-origin:0% 120.96px;transform:matrix(1,0,0,1,12067.2,-11693.74);white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11765.74px;left:-2913.91px;letter-spacing:-0.73px;transform-origin:0% 120.96px;transform:matrix(1,0,0,1,12067.2,-11693.74);white-space:nowrap">Complex-Level
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11765.74px;left:-1715.2px;letter-spacing:-2.56px;transform-origin:0% 120.96px;transform:matrix(1,0,0,1,12067.2,-11693.74);white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:373.96px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:341.96px;left:9958.4px;white-space:nowrap">0.1600%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:638.92px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:606.92px;left:9958.4px;white-space:nowrap">0.1600%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2905.88px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2873.88px;left:6976.81px;letter-spacing:-1.08px;white-space:nowrap">Purchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2873.88px;left:8783.53px;white-space:nowrap">Sales</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2681.88px;left:9960.49px;letter-spacing:-0.36px;white-space:nowrap">Realized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2873.88px;left:9784.81px;white-space:nowrap">Gain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:2873.88px;left:10184.33px;letter-spacing:-0.48px;white-space:nowrap">(Loss)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3175.84px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:6307.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:6849.62px;letter-spacing:0px;white-space:nowrap">10,033,799
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:7747.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:8382.42px;letter-spacing:0px;white-space:nowrap">6,181,098
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:9187.2px;white-space:nowrap">$</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3143.84px;left:9908.82px;white-space:nowrap">(176,387)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3440.8px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3408.8px;left:6942.42px;letter-spacing:0px;white-space:nowrap">3,279,501
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3408.8px;left:8516.81px;white-space:nowrap">254,855</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3408.8px;left:10094.41px;white-space:nowrap">(8,360)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3705.76px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3673.76px;left:7076.81px;white-space:nowrap">121,577
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3673.76px;left:8516.81px;white-space:nowrap">122,330</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3673.76px;left:10094.41px;white-space:nowrap">(4,012)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:3970.72px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3938.72px;left:7076.81px;white-space:nowrap">159,835
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3938.72px;left:8609.61px;white-space:nowrap">35,680</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:3938.72px;left:10094.41px;white-space:nowrap">(1,170)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11133.67px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10717.67px;left:9847.53px;white-space:nowrap">Maximum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:10909.67px;left:9652.65px;white-space:nowrap">Outstanding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11101.67px;left:10017.61px;white-space:nowrap">Balance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11371.63px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11339.63px;left:9187.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11339.63px;left:9729.62px;letter-spacing:0px;white-space:nowrap">28,400,000</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11604.59px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11572.59px;left:9956.81px;white-space:nowrap">914,725</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:11837.55px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:11805.55px;left:10459.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:12070.51px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:12038.51px;left:10459.2px;white-space:nowrap">&#8212;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">76</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Notes
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:899.06px;white-space:nowrap">to
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1259.45px;white-space:nowrap">Financial
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2681.6px;white-space:nowrap">Statements
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:4376.37px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:5627.62px;white-space:nowrap">(continued)</div></div> </div>
<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">

 <div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:530.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:805.75px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1306.87px;white-space:nowrap">utilization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2035.18px;white-space:nowrap">period(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2701.88px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3211.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3486.84px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4031.79px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4428.9px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4988.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5264.25px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5880.73px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6259.92px;white-space:nowrap">balance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6861.68px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7759.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8073.5px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8689.98px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9205.82px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9780.21px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10102.92px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10331.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:847.19px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1235.34px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1431.02px;white-space:nowrap">follows:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Borrowings
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:847.19px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:1744.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:1940.45px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:2127.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:2402.69px;white-space:nowrap">end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:2722.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:2909.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:3185.08px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:3892.75px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:4452.58px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:4582.81px;letter-spacing:-2.94px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:4906.17px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:5172.89px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:6008.56px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:6204.24px;letter-spacing:-0.22px;white-space:nowrap">&#8220;Borrowings&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:7217.51px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:7445.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:7721.34px;white-space:nowrap">Statement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:8500.37px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:8687.09px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:9187.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2459.8px;left:9502.12px;white-space:nowrap">Liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2651.8px;left:0px;letter-spacing:-0.48px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2651.8px;left:477.12px;white-space:nowrap">applicable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2996.68px;left:0px;letter-spacing:-0.87px;white-space:nowrap">Inter-Fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2996.68px;left:951.29px;letter-spacing:-0.32px;white-space:nowrap">Borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2996.68px;left:1922.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;font-weight:bold;position:absolute;top:2996.68px;left:2298.4px;letter-spacing:-0.36px;white-space:nowrap">Lending:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:3113.79px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:3428.02px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:3768.98px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:4053.62px;white-space:nowrap">granted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:4660.81px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:4877.29px;letter-spacing:0px;white-space:nowrap">exemptive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:5668.48px;letter-spacing:-0.48px;white-space:nowrap">order
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:6097.92px;letter-spacing:0.26px;white-space:nowrap">permitting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:6891.18px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:7658.21px;white-space:nowrap">open-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:8402.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:8716.45px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:9555.16px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3011.8px;left:10157.08px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:192.48px;white-space:nowrap">participate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:1000.78px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:1172.62px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:1389.1px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:2123.65px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:2707.32px;white-space:nowrap">facility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:3204.75px;letter-spacing:-0.36px;white-space:nowrap">whereby
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:3856.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:4132.27px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:4734.18px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:5169.86px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:5510.82px;letter-spacing:-0.32px;white-space:nowrap">directly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:6076.41px;white-space:nowrap">lend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:6434.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:6627.44px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:6941.68px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:7492.55px;white-space:nowrap">money
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:8023.26px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:8396.54px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:8779.1px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:9202.61px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3203.8px;left:9442.44px;white-space:nowrap">temporary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:0px;white-space:nowrap">purposes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:702.23px;white-space:nowrap">(e.g.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:1108.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:1300.94px;white-space:nowrap">satisfy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:1780.78px;letter-spacing:-0.26px;white-space:nowrap">redemption
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:2660.61px;letter-spacing:-0.32px;white-space:nowrap">requests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:3309.4px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:3501.88px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:3928.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:4056.27px;white-space:nowrap">sale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:4379.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:4566.03px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:5273.85px;white-space:nowrap">&#8220;fails,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:5804.25px;letter-spacing:-0.29px;white-space:nowrap">resulting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:6461.68px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:6633.52px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:6850px;white-space:nowrap">unanticipated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:7872.07px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:8233.82px;white-space:nowrap">shortfall)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:8885.33px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3395.8px;left:9202.45px;letter-spacing:-0.73px;white-space:nowrap">&#8220;Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Program&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:820.79px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:1135.03px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:1973.74px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:2575.66px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:3055.81px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:3755px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:4030.52px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:4507.8px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:5127.31px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:5346.67px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:5639.79px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:6525.7px;letter-spacing:-0.36px;white-space:nowrap">report,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:7052.73px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:7327.92px;white-space:nowrap">participate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:8136.23px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:8480.06px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:8675.74px;white-space:nowrap">lenders,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:9289.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:9603.25px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3587.8px;left:9884.69px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:0px;letter-spacing:-0.26px;white-space:nowrap">borrowers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:805.59px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:977.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:1252.94px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:2032.93px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:2684.6px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:3322.04px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:3689.72px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:4528.43px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:4964.11px;letter-spacing:-2.2px;white-space:nowrap">rarely,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:5429.22px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:5559.46px;letter-spacing:-2.45px;white-space:nowrap">ever,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:5941.86px;white-space:nowrap">need
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:6350.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:6543.45px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:7094.32px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:7456.08px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:7648.55px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:8060.39px;letter-spacing:-0.22px;white-space:nowrap">redemptions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:9052.86px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3779.8px;left:9367.09px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:651.67px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:802.71px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:1359.66px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:1552.14px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:1679.66px;white-space:nowrap">number
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:2278.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:2464.93px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:3294.51px;white-space:nowrap">including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:4038.19px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:4583.62px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:5007.13px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:5531.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:5806.97px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:6790.48px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:7113.19px;white-space:nowrap">(1)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:7329.83px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:7558.15px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:7925.66px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:8266.62px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:8817.49px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:9009.97px;white-space:nowrap">lend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:9368.52px;white-space:nowrap">money
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3971.8px;left:9899.24px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:275.52px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:1055.51px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:1707.18px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:2193.26px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:2329.25px;letter-spacing:-0.32px;white-space:nowrap">receives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:2951.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:3079.17px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:3494.04px;white-space:nowrap">favorable</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:4202.19px;letter-spacing:-0.32px;white-space:nowrap">interest
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:4776.58px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:5099.3px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:5457.86px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:5608.89px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:6233.84px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:6906.47px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:7279.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:7407.27px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:7798.63px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:7991.1px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:8414.61px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:9042.93px;white-space:nowrap">institution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:9791.87px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4163.8px;left:10031.71px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:0px;white-space:nowrap">comparable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:894.87px;white-space:nowrap">transaction;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:1765.73px;white-space:nowrap">(2)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:1982.37px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:2210.69px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:2578.21px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:2919.17px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:3470.03px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:3698.35px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:3914.83px;letter-spacing:-0.29px;white-space:nowrap">unsecured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:4697.39px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:5097.38px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:5704.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:5980.25px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:6760.25px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:7411.92px;white-space:nowrap">unless
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:7897.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:8173.51px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:8633.03px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4355.8px;left:9530.62px;letter-spacing:-0.26px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:0px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:373.27px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:577.59px;letter-spacing:-0.36px;white-space:nowrap">sources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:1158.54px;white-space:nowrap">immediately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:2079.81px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:2449.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:2725.4px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:3459.95px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:4235.94px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:4602.97px;white-space:nowrap">10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:4958.65px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:5151.13px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:5459.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:5646px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:5850.15px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:6217.19px;white-space:nowrap">assets;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:6735.74px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:7423.09px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:7745.81px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:7876.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:8151.56px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:8927.55px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:9295.06px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:9579.7px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4547.8px;left:9707.22px;letter-spacing:-0.36px;white-space:nowrap">secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:0px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:775.99px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:1673.57px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:2046.85px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:2340.45px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:2763.96px;letter-spacing:-1.84px;white-space:nowrap">lender,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:3294.36px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:3993.55px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:4277.86px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:4559.3px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:5095.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:5287.6px;white-space:nowrap">another
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:5883.12px;white-space:nowrap">fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:6295.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:6570.63px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:7305.18px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:7654.94px;white-space:nowrap">must
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:8045.97px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:8277.17px;letter-spacing:-0.36px;white-space:nowrap">secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:8881.81px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:9110.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:9290.76px;white-space:nowrap">least
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:9666.92px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4739.8px;left:9883.4px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:0px;white-space:nowrap">priority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:550.39px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:950.38px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:1290.85px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:1471.49px;white-space:nowrap">least
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:1847.65px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:2064.13px;white-space:nowrap">equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:2852.28px;letter-spacing:-0.26px;white-space:nowrap">percentage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:3711.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:3898.35px;white-space:nowrap">collateral
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:4591.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:4783.77px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:5133.53px;white-space:nowrap">value;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:5598.96px;white-space:nowrap">(3)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:5815.6px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:5945.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:6073.36px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:6532.87px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:6899.9px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:7797.49px;letter-spacing:-0.26px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:8641.64px;white-space:nowrap">immediately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:9562.91px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4931.8px;left:9932.98px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:0px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:734.55px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:1510.54px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:1990.53px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:2221.73px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:2781.4px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:3139.96px;white-space:nowrap">10%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:3495.64px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:3682.35px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:3886.51px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:4253.54px;white-space:nowrap">assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:4772.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:5047.61px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:5415.13px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:5756.09px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:6306.96px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:6914.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:7189.83px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:7924.38px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:8274.13px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:8502.45px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:8629.97px;letter-spacing:-0.36px;white-space:nowrap">secured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:9234.61px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:9634.6px;white-space:nowrap">only;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5123.8px;left:10022.92px;white-space:nowrap">(4)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:0px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:228.32px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:595.83px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:936.79px;white-space:nowrap">lend
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:1295.35px;white-space:nowrap">money
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:1826.06px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:1956.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:2231.82px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:2581.57px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:3061.57px;white-space:nowrap">cause
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:3512.29px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:3716.44px;letter-spacing:-0.29px;white-space:nowrap">aggregate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:4501.55px;white-space:nowrap">outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:5399.14px;white-space:nowrap">loans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:5817.06px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:6424.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:6699.93px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:7479.92px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:8131.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:8324.06px;white-space:nowrap">exceed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:8887.42px;white-space:nowrap">15%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:9243.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:9429.82px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:9633.97px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5315.8px;left:9909.49px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:0px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:180.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:456.15px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:817.43px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:1004.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:1279.66px;white-space:nowrap">loan;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:1673.9px;white-space:nowrap">(5)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:1890.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:2018.06px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:2477.57px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:3212.12px;white-space:nowrap">loans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:3630.04px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:3822.51px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:4116.11px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:4433.39px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:4800.91px;white-space:nowrap">shall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:5162.34px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:5443.78px;white-space:nowrap">exceed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:6007.14px;white-space:nowrap">5%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:6273.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:6460.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:6736.09px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:7319.76px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:7779.28px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:8054.8px;white-space:nowrap">assets;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:8573.35px;white-space:nowrap">(6)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:8789.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:9065.51px;white-space:nowrap">duration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:9708.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5507.8px;left:9894.93px;letter-spacing:-1.47px;white-space:nowrap">inter-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:0px;white-space:nowrap">fund
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:367.52px;white-space:nowrap">loans
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:785.43px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:1060.63px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:1291.82px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:1827.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:2020.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:2295.65px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:2656.92px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:3302.68px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:3495.15px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:4049.39px;white-space:nowrap">payment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:4719.14px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:4958.97px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:5666.8px;white-space:nowrap">sold,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:6054.96px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:6339.27px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:6511.11px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:6739.43px;white-space:nowrap">event
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:7181.03px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:7595.9px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:7954.46px;white-space:nowrap">seven
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:8411.1px;white-space:nowrap">days;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:8826.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:9140.37px;white-space:nowrap">(7)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:9357.01px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5699.8px;left:9739.57px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:0px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:349.76px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:690.71px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:921.91px;white-space:nowrap">called
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:1390.07px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:1618.38px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:1935.66px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:2587.66px;letter-spacing:-2.96px;white-space:nowrap">day&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:2982.05px;white-space:nowrap">notice</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:3467.97px;white-space:nowrap">by
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:3687.32px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:3814.84px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:4398.52px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:4766.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:5080.27px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:5421.23px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:5652.43px;letter-spacing:-0.41px;white-space:nowrap">repaid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:6153.06px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:6381.38px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:6674.98px;white-space:nowrap">day
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:6977.38px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:7196.74px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:7324.26px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:8100.24px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:8512.24px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:8687.92px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:9369.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:9496.71px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5891.8px;left:10098.63px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:340.96px;white-space:nowrap">participate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:1149.26px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:1321.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:1596.62px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:2376.61px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:3028.28px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:3372.12px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:3502.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:3816.59px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:4009.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:4284.58px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:4779.3px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:5102.01px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:5469.69px;white-space:nowrap">participation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:6411.27px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:6562.31px;white-space:nowrap">consistent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:7326.62px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:7667.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:7942.61px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:8402.13px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:9228.68px;white-space:nowrap">objective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6083.8px;left:9927.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:826.55px;white-space:nowrap">policies.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:1457.58px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:1771.82px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:2243.01px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:2394.05px;letter-spacing:-0.24px;white-space:nowrap">responsible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:3259.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:3498.99px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:4328.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:4604.26px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6275.8px;left:5384.26px;letter-spacing:-0.32px;white-space:nowrap">Program.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:314.24px;white-space:nowrap">limitations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:1089.9px;white-space:nowrap">detailed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:1720.77px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:2207.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:2521.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:2796.77px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:3220.28px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:4005.39px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:4192.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:4467.62px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:4808.58px;white-space:nowrap">exemptive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:5599.77px;letter-spacing:-0.48px;white-space:nowrap">order
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:6029.2px;letter-spacing:0.26px;white-space:nowrap">permitting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:6822.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:7097.98px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:7877.98px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:8529.65px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:8796.36px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:9507.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6611.8px;left:9700.03px;white-space:nowrap">minimize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:275.52px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:624.95px;white-space:nowrap">associated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:1422.06px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:1762.53px;letter-spacing:-0.8px;white-space:nowrap">Inter-Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:2542.53px;letter-spacing:-0.36px;white-space:nowrap">Program
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:3194.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:3434.03px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:3813.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:4088.74px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:4672.42px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:5039.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:5354.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:5629.69px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:6405.68px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:6817.67px;letter-spacing:-1.64px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:7525.98px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:7754.3px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:8530.29px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:8722.76px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:9306.44px;white-space:nowrap">activity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:9848.35px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6803.8px;left:9999.38px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:0px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:325.75px;white-space:nowrap">When
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:788.15px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:915.67px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:1283.19px;letter-spacing:-0.36px;white-space:nowrap">borrows
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:1902.22px;white-space:nowrap">money
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:2432.93px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:2806.21px;white-space:nowrap">another
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:3401.72px;white-space:nowrap">fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:3813.72px;letter-spacing:-0.48px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:4228.43px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:4379.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:4506.99px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:4788.26px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:5110.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:5386.5px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:5736.25px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:6177.85px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:6409.05px;white-space:nowrap">called
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:6877.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:7105.52px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:7422.8px;letter-spacing:-2.96px;white-space:nowrap">day&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:7817.19px;white-space:nowrap">notice
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:8303.11px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:8495.58px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:8777.02px;letter-spacing:-0.32px;white-space:nowrap">renewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:9485.33px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:9657.17px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6995.8px;left:10110.61px;white-space:nowrap">case
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:275.52px;white-space:nowrap">fund&#160;may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:983.99px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:1366.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:1559.03px;letter-spacing:-0.41px;white-space:nowrap">borrow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:2109.9px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:2483.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:2610.69px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:3002.05px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:3182.68px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:3310.2px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:3810.84px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:4133.55px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:4326.03px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:4672.74px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:5096.26px;white-space:nowrap">actions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:5644.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:5836.88px;letter-spacing:-0.41px;white-space:nowrap">payoff
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:6326px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:6693.68px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:7043.43px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:7173.67px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:7390.15px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:8124.7px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:8474.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:8625.49px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:8906.93px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:9579.56px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7187.8px;left:9952.83px;white-space:nowrap">another
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:0px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:412px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:732.31px;white-space:nowrap">delay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:1162.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:1333.91px;letter-spacing:-0.29px;white-space:nowrap">repayment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:2142.86px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:2335.34px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:2462.86px;white-space:nowrap">lending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:3046.53px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:3414.05px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:3855.64px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:4287.96px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:4459.79px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:4587.31px;white-space:nowrap">lost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:4886.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:5712.9px;white-space:nowrap">opportunity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:6595.44px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:6787.92px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:7546.15px;letter-spacing:-0.29px;white-space:nowrap">borrowing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7379.8px;left:8322.13px;white-space:nowrap">costs.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:0px;white-space:nowrap">During
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:530.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:805.75px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:1350.71px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:2058.37px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:2618.21px;white-space:nowrap">none
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:3024.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:3211.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:3486.68px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:3963.96px;letter-spacing:-0.36px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:4583.47px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:4802.83px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:5095.94px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:5981.85px;letter-spacing:-0.41px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:6464.4px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:6846.96px;letter-spacing:-0.36px;white-space:nowrap">entered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:7448.4px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:7768.23px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:8061.83px;letter-spacing:-0.8px;white-space:nowrap">inter-fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:8796.38px;white-space:nowrap">loan
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7715.8px;left:9146.14px;letter-spacing:-1.64px;white-space:nowrap">activity.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1024.96px;left:0px;letter-spacing:-1.68px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:608.96px;left:6949.77px;letter-spacing:-0.15px;white-space:nowrap">Utilization</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:6764.97px;letter-spacing:-1.14px;white-space:nowrap">Period
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:7311.85px;white-space:nowrap">(Days</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:992.96px;left:6717.93px;white-space:nowrap">Outstanding)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:608.96px;left:8533.45px;letter-spacing:-0.5px;white-space:nowrap">Average</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:8137.46px;white-space:nowrap">Daily
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:8577.61px;white-space:nowrap">Balance</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:992.96px;left:8212.65px;white-space:nowrap">Outstanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:9386.09px;letter-spacing:-0.44px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:800.96px;left:10076.97px;white-space:nowrap">Annual</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:992.96px;left:9644.01px;letter-spacing:-0.32px;white-space:nowrap">Interest
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:992.96px;left:10279.2px;letter-spacing:-0.88px;white-space:nowrap">Rate</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1262.92px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1230.92px;left:7489.6px;white-space:nowrap">53</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1230.92px;left:7747.2px;white-space:nowrap">$
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1230.92px;left:8289.62px;letter-spacing:0px;white-space:nowrap">21,510,901</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1230.92px;left:10173.93px;white-space:nowrap">6.22
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1230.92px;left:10493.92px;white-space:nowrap">%</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1495.88px;left:0px;letter-spacing:-0.64px;white-space:nowrap">NKX
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1463.88px;left:7582.4px;white-space:nowrap">3</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1463.88px;left:8516.81px;white-space:nowrap">914,725
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1463.88px;left:10307.21px;white-space:nowrap">6.03</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1728.84px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1696.84px;left:7579.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1696.84px;left:9019.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1696.84px;left:10531.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1961.8px;left:0px;letter-spacing:-1.6px;white-space:nowrap">NXC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1929.8px;left:7579.2px;white-space:nowrap">&#8212;</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1929.8px;left:9019.2px;white-space:nowrap">&#8212;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1929.8px;left:10531.2px;white-space:nowrap">&#8212;</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-7.68px;white-space:nowrap">Risk
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1175.67px;letter-spacing:-8.91px;white-space:nowrap">Considerations</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;position:absolute;top:633.45px;left:112.27px;letter-spacing:-6.55px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">77</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:636.49px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.202px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.64px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:511.4px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:1126.39px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:1459.79px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:1811.59px;white-space:nowrap">guaranteed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:2896.78px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:3137.37px;white-space:nowrap">endorsed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:4041.16px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:4315.36px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:4682.36px;white-space:nowrap">bank
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:5171.55px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:5412.15px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:5941.54px;letter-spacing:-0.45px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:6648.93px;white-space:nowrap">depository
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:7659.72px;white-space:nowrap">institution,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:8651.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9044.3px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9377.69px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:0px;left:9729.49px;letter-spacing:0px;white-space:nowrap">federally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:0px;letter-spacing:-0.45px;white-space:nowrap">insured
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:707.39px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:981.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:1325.99px;white-space:nowrap">Federal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:2055.58px;white-space:nowrap">Deposit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:2810.97px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:240px;left:3715.96px;white-space:nowrap">Corporation.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:759.6px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:1678.19px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:2385.18px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:3310.77px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:4029.96px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:876px;left:4544.96px;white-space:nowrap">(NAC)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:0px;white-space:nowrap">Investing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:860.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:1074.99px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:2123.38px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:2667.97px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:3438.56px;white-space:nowrap">risk;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:3845.76px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:4667.54px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:5060.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:5248.93px;white-space:nowrap">possible.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:6100.72px;letter-spacing:-0.6px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:6667.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:6856.31px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:7141.71px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:8104.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:8449.1px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1296px;left:9075.5px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:0px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:959.19px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:1303.18px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:1592.18px;white-space:nowrap">achieved.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:2503.77px;white-space:nowrap">Closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:3596.56px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:4055.95px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:4670.95px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:5097.15px;letter-spacing:-0.33px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:6052.54px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:6578.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:6803.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:6963.32px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:7778.11px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:8018.71px;letter-spacing:-0.45px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:8870.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:9111.09px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:9569.89px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1536px;left:9914.28px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:0px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1776px;left:581.8px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1776px;left:1092.99px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1776px;left:1341.39px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1776px;left:1845.39px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:1776px;left:2556.98px;white-space:nowrap">securities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:3464.17px;white-space:nowrap">such
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:3923.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:4168.37px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:4716.56px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:5164.76px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:5438.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:5783.35px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:6350.35px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:6683.75px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:7379.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:7620.53px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:8290.72px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:8697.92px;letter-spacing:-0.51px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:9260.51px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:1776px;left:9667.7px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:403.39px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:810.59px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:1821.37px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:2228.56px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:2994.55px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:3401.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:3794.54px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:4505.93px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:4913.13px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:5191.12px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:5909.11px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:6397.71px;white-space:nowrap">rise,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:6819.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:7349.49px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:7934.48px;white-space:nowrap">fall.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2016px;left:8304.68px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:9197.67px;letter-spacing:-0.36px;white-space:nowrap">increases
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2016px;left:10068.27px;letter-spacing:0px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:0px;white-space:nowrap">volatility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:795.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:1188.38px;text-rendering:optimizeLegibility;white-space:nowrap">magnifies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:2103.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:2447.77px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:3074.16px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:3925.55px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:4513.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:4906.74px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:5161.93px;white-space:nowrap">risks;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:5654.32px;letter-spacing:-0.6px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:6172.72px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:6361.52px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:6646.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:7609.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:7769.31px;letter-spacing:-3.17px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:8343.7px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:9169.69px;white-space:nowrap">strategy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:9943.28px;letter-spacing:0px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2256px;left:10287.27px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:0px;white-space:nowrap">successful.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2496px;left:1000.39px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2496px;left:1530.19px;white-space:nowrap">concentration</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:2834.78px;white-space:nowrap">makes
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:3457.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:3801.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:4313.17px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:4831.76px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:5894.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:6135.14px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:6605.54px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:7357.53px;white-space:nowrap">economic,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:8339.52px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2496px;left:9150.1px;white-space:nowrap">or
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:0px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:796.8px;letter-spacing:-0.36px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:1626.39px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:2541.17px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:3070.97px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:3774.56px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:4363.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:4756.56px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:5285.95px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:5637.54px;white-space:nowrap">considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:6985.52px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:7445.12px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2736px;left:7689.72px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2736px;left:8389.71px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2736px;left:9038.31px;white-space:nowrap">risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2736px;left:9408.5px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:2736px;left:9801.3px;white-space:nowrap">tax
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 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:333.4px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:1273.99px;white-space:nowrap">in
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:2007.38px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:2562.57px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:2847.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:3192.36px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:3818.76px;white-space:nowrap">web
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:4252.16px;white-space:nowrap">page
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:4767.15px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2976px;left:4992.95px;letter-spacing:-0.58px;white-space:nowrap">www.nuveen.com/NAC.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:759.6px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:1678.19px;letter-spacing:-3.27px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:2615.58px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:3322.57px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:4248.16px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:4967.36px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:3396px;left:5482.35px;white-space:nowrap">(NKX)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:0px;white-space:nowrap">Investing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:860.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:1074.99px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:2123.38px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:2667.97px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:3438.56px;white-space:nowrap">risk;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:3845.76px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:4667.54px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:5060.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:5248.93px;white-space:nowrap">possible.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:6100.72px;letter-spacing:-0.6px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:6667.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:6856.31px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:7141.71px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:8104.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:8449.1px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3816px;left:9075.5px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:0px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:959.19px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:1303.18px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:1592.18px;white-space:nowrap">achieved.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:2503.77px;white-space:nowrap">Closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:3596.56px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:4055.95px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:4670.95px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:5097.15px;letter-spacing:-0.33px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:6052.54px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:6578.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:6803.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:6963.32px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:7778.11px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:8018.71px;letter-spacing:-0.45px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:8870.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:9111.09px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:9569.89px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4056px;left:9914.28px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:0px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4296px;left:581.8px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4296px;left:1092.99px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4296px;left:1341.39px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4296px;left:1845.39px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4296px;left:2556.98px;white-space:nowrap">securities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:3464.17px;white-space:nowrap">such
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:3923.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:4168.37px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:4716.56px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:5164.76px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:5438.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:5783.35px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:6350.35px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:6683.75px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:7379.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:7620.53px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:8290.72px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:8697.92px;letter-spacing:-0.51px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:9260.51px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4296px;left:9667.7px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:403.39px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:810.59px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:1821.37px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:2228.56px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:2994.55px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:3401.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:3794.54px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:4505.93px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:4913.13px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:5191.12px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:5909.11px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:6397.71px;white-space:nowrap">rise,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:6819.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:7349.49px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:7934.48px;white-space:nowrap">fall.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:4536px;left:8304.68px;white-space:nowrap">Leverage</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:9197.67px;letter-spacing:-0.36px;white-space:nowrap">increases
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4536px;left:10068.27px;letter-spacing:0px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:0px;white-space:nowrap">volatility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:795.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:1188.38px;text-rendering:optimizeLegibility;white-space:nowrap">magnifies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:2103.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:2447.77px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:3074.16px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:3925.55px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:4513.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:4906.74px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:5161.93px;white-space:nowrap">risks;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:5654.32px;letter-spacing:-0.6px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:6172.72px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:6361.52px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:6646.91px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:7609.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:7769.31px;letter-spacing:-3.17px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:8343.7px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:9169.69px;white-space:nowrap">strategy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:9943.28px;letter-spacing:0px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4776px;left:10287.27px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:0px;white-space:nowrap">successful.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5016px;left:1000.39px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5016px;left:1530.19px;white-space:nowrap">concentration</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:2834.78px;white-space:nowrap">makes
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:3457.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:3801.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:4313.17px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:4831.76px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:5894.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:6135.14px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:6605.54px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:7357.53px;white-space:nowrap">economic,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:8339.52px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:9150.1px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5016px;left:9390.7px;letter-spacing:-0.33px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:0px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:796.8px;letter-spacing:-0.36px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:1626.39px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:2541.17px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:3070.97px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:3774.56px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:4363.76px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:4756.56px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:5285.95px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:5637.54px;white-space:nowrap">considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:6985.52px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:7445.12px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5256px;left:7689.72px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5256px;left:8389.71px;text-rendering:optimizeLegibility;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5256px;left:9038.31px;white-space:nowrap">risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5256px;left:9408.5px;white-space:nowrap">and
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5256px;left:9801.3px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5256px;left:10138.49px;white-space:nowrap">risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:0px;letter-spacing:-0.9px;white-space:nowrap">are
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:333.4px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:1273.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:1488.78px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:2007.38px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:2562.57px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:2847.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:3192.36px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:3818.76px;white-space:nowrap">web
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:4252.16px;white-space:nowrap">page
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:4767.15px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5496px;left:4992.95px;letter-spacing:-0.58px;white-space:nowrap">www.nuveen.com/NKX.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:759.6px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:1678.19px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:2603.78px;letter-spacing:-1.83px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:3148.57px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:5916px;left:3663.57px;white-space:nowrap">(NCA)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:0px;white-space:nowrap">Investing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:860.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:1074.99px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:2123.38px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:2667.97px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:3438.56px;white-space:nowrap">risk;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:3845.76px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:4667.54px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:5060.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:5248.93px;white-space:nowrap">possible.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:6100.72px;letter-spacing:-0.6px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:6667.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:6856.31px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:7141.71px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:8104.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:8449.1px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6336px;left:9075.5px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:0px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:959.19px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:1303.18px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:1592.18px;white-space:nowrap">achieved.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:2503.77px;white-space:nowrap">Closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:3596.56px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:4055.95px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:4670.95px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:5097.15px;letter-spacing:-0.33px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:6052.54px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:6578.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:6803.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:6963.32px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:7778.11px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:8018.71px;letter-spacing:-0.45px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:8870.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:9111.09px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:9569.89px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6576px;left:9914.28px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:0px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:6816px;left:581.8px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:6816px;left:1092.99px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:6816px;left:1341.39px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:6816px;left:1845.39px;white-space:nowrap">income</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:2556.98px;white-space:nowrap">securities
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:3441.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:3901.37px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:4145.97px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:4694.16px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:5142.36px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:5416.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:5760.95px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:6327.95px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:6661.35px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:7357.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:7598.13px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:8268.32px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:8675.52px;letter-spacing:-0.51px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:9238.11px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6816px;left:9645.3px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:403.39px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:810.59px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:1821.37px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:2228.56px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:2994.55px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:3401.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:3794.54px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:4505.93px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:4913.13px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:5191.12px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:5909.11px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:6397.71px;white-space:nowrap">rise,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:6819.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:7349.49px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7056px;left:7934.48px;white-space:nowrap">fall.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:7056px;left:8304.68px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:7056px;left:8834.48px;white-space:nowrap">concentration</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:0px;white-space:nowrap">makes
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:622.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:966.99px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:1478.39px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:1996.98px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:3059.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:3300.37px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:3770.76px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:4522.75px;white-space:nowrap">economic,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:5504.74px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:6315.32px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:6555.92px;letter-spacing:-0.33px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:7518.5px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:8315.3px;letter-spacing:-0.36px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:9144.89px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7296px;left:10059.68px;letter-spacing:0px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:0px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:703.59px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:1292.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:1685.59px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:2214.98px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:2566.57px;white-space:nowrap">considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:3914.55px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:4374.15px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:7536px;left:4618.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:7536px;left:4955.94px;white-space:nowrap">risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:5326.14px;letter-spacing:-0.9px;white-space:nowrap">are
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:5659.54px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:6600.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:6814.92px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:7333.52px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:7888.71px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:8174.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:8518.5px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:9144.9px;white-space:nowrap">web
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:9578.3px;white-space:nowrap">page
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7536px;left:10093.29px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7776px;left:0px;letter-spacing:-0.58px;white-space:nowrap">www.nuveen.com/NCA.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:759.6px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:1678.19px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:2285.78px;letter-spacing:-2.87px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:3112.38px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:3831.57px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:8196px;left:4672.76px;white-space:nowrap">(NXC)</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:0px;white-space:nowrap">Investing
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:860.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:1074.99px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:2123.38px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:2667.97px;white-space:nowrap">involves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:3438.56px;white-space:nowrap">risk;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:3845.76px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:4667.54px;white-space:nowrap">loss
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:5060.13px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:5248.93px;white-space:nowrap">possible.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:6100.72px;letter-spacing:-0.6px;white-space:nowrap">There
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:6667.52px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:6856.31px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:7141.71px;white-space:nowrap">guarantee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:8104.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:8449.1px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8616px;left:9075.5px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:0px;white-space:nowrap">objectives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:959.19px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:1303.18px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:1592.18px;white-space:nowrap">achieved.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:2503.77px;white-space:nowrap">Closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:3596.56px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:4055.95px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:4670.95px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:5097.15px;letter-spacing:-0.33px;white-space:nowrap">frequently
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:6052.54px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:6578.13px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:6803.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:6963.32px;white-space:nowrap">discount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:7778.11px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:8018.71px;letter-spacing:-0.45px;white-space:nowrap">premium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:8870.5px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:9111.09px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:9569.89px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:8856px;left:9914.28px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:0px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9096px;left:581.8px;white-space:nowrap">Debt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9096px;left:1092.99px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9096px;left:1341.39px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9096px;left:1845.39px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9096px;left:2556.98px;white-space:nowrap">securities</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:3464.17px;white-space:nowrap">such
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:3923.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:4168.37px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:4716.56px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:5164.76px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:5438.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:5783.35px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:6350.35px;letter-spacing:-0.9px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:6683.75px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:7379.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:7620.53px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:8290.72px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:8697.92px;letter-spacing:-0.51px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:9260.51px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9096px;left:9667.7px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:403.39px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:810.59px;white-space:nowrap">derivatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:1821.37px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:2228.56px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:2994.55px;white-space:nowrap">risk,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:3401.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:3794.54px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:4505.93px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:4913.13px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:5191.12px;letter-spacing:-0.4px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:5909.11px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:6397.71px;white-space:nowrap">rise,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:6819.7px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:7349.49px;white-space:nowrap">prices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9336px;left:7934.48px;white-space:nowrap">fall.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9336px;left:8304.68px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9336px;left:8834.48px;white-space:nowrap">concentration</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:0px;white-space:nowrap">makes
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:622.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:966.99px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:1478.39px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:1996.98px;white-space:nowrap">susceptible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:3059.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:3300.37px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:3770.76px;white-space:nowrap">adverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:4522.75px;white-space:nowrap">economic,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:5504.74px;white-space:nowrap">political,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:6315.32px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:6555.92px;letter-spacing:-0.33px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:7518.5px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:8315.3px;letter-spacing:-0.36px;white-space:nowrap">affecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:9144.89px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9576px;left:10059.68px;letter-spacing:0px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:0px;white-space:nowrap">issuers.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:703.59px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:1292.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:1685.59px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:2214.98px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:2566.57px;white-space:nowrap">considerations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:3914.55px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:4374.15px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9816px;left:4618.75px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:183px;font-weight:600;position:absolute;top:9816px;left:4955.94px;white-space:nowrap">risk</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:5326.14px;letter-spacing:-0.9px;white-space:nowrap">are
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:5659.54px;white-space:nowrap">described
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:6600.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:6814.92px;letter-spacing:-0.72px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:7333.52px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:7888.71px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:8174.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:8518.5px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:9144.9px;white-space:nowrap">web
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:9578.3px;white-space:nowrap">page
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9816px;left:10093.29px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10056px;left:0px;letter-spacing:-0.58px;white-space:nowrap">www.nuveen.com/NXC.</div></div> </div>
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<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">78</div></div> </div>
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<div style="width:10627.2px;height:2145.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
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 <div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.74px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:2910.53px;left:0px;white-space:nowrap">Portfolio
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2930.62px;left:5513.13px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:2930.62px;left:7231.1px;white-space:nowrap">schedule
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:3726.56px;white-space:nowrap">(SEC)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:4256.75px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:4556.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:4900.94px;text-rendering:optimizeLegibility;white-space:nowrap">first
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:6140.92px;white-space:nowrap">quarters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:6929.31px;white-space:nowrap">of
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:7640.91px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:8137.3px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:8570.69px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:8815.29px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:9085.89px;white-space:nowrap">exhibit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3170.62px;left:9744.88px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:0px;letter-spacing:-0.51px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:603.19px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:888.59px;letter-spacing:0.72px;white-space:nowrap">Form
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:1414.38px;letter-spacing:-2.62px;white-space:nowrap">N-PORT.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:2241.77px;letter-spacing:-4.6px;white-space:nowrap">You
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:2623.57px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:3049.76px;white-space:nowrap">obtain
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:4041.95px;letter-spacing:0.3px;white-space:nowrap">information
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:5408.32px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:3410.62px;left:7038.1px;white-space:nowrap">at
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 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:3990.53px;left:792.59px;white-space:nowrap">Funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:3990.53px;left:1477.77px;letter-spacing:-0.6px;white-space:nowrap">Proxy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:3990.53px;left:2085.17px;letter-spacing:-2.11px;white-space:nowrap">Voting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:3990.53px;left:2766.56px;white-space:nowrap">Information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:3928.74px;letter-spacing:-4.6px;white-space:nowrap">You
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:4310.53px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:4736.73px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:5362.52px;white-space:nowrap">(i)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:5570.12px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:6651.1px;letter-spacing:-0.72px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:7573.09px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:8002.88px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:8481.08px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4010.62px;left:8940.48px;white-space:nowrap">voted
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:0px;letter-spacing:-0.4px;white-space:nowrap">relating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:729.19px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:1791.36px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:2676.15px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:3124.35px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:3761.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:4105.54px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:4601.73px;letter-spacing:-0.51px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:5216.52px;white-space:nowrap">twelve-month
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:6494.1px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:7138.29px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:7771.89px;white-space:nowrap">June
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:8257.49px;white-space:nowrap">30,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:8591.09px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:9312.88px;letter-spacing:-0.45px;white-space:nowrap">charge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4250.62px;left:10031.67px;letter-spacing:0px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:0px;letter-spacing:-0.4px;white-space:nowrap">request,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:781.39px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:1055.59px;white-space:nowrap">calling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:1688.78px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:2441.18px;letter-spacing:-0.36px;white-space:nowrap">toll-free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:3188.77px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:3414.56px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:3907.76px;white-space:nowrap">257-8787
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:4808.36px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:5048.95px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:5334.35px;letter-spacing:-2.47px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:6201.75px;white-space:nowrap">website
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:6945.94px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:7171.73px;letter-spacing:-0.73px;white-space:nowrap">www.nuveen.com
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:8798.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:9191.32px;white-space:nowrap">(ii)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:9446.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4490.62px;left:9606.31px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:233.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:577.79px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:1310.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:1703.78px;letter-spacing:-0.65px;white-space:nowrap">procedures
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:2763.17px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:3166.56px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:3644.76px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:4104.16px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:4589.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:4830.15px;letter-spacing:0.36px;white-space:nowrap">determine
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:5807.53px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:6237.33px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:6477.92px;white-space:nowrap">vote
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:6926.12px;letter-spacing:-0.45px;white-space:nowrap">proxies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:7626.11px;letter-spacing:-0.4px;white-space:nowrap">relating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:8355.3px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:8595.89px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4730.62px;left:9417.47px;letter-spacing:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:0px;white-space:nowrap">without
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:721.79px;letter-spacing:-0.45px;white-space:nowrap">charge,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:1440.58px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:1959.38px;letter-spacing:-0.4px;white-space:nowrap">request,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:2740.77px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:3014.97px;white-space:nowrap">calling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:3648.16px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:4400.56px;letter-spacing:-0.36px;white-space:nowrap">toll-free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:5148.14px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:5373.94px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:5867.14px;white-space:nowrap">257-8787.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:6823.34px;letter-spacing:-4.6px;white-space:nowrap">You
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:7205.13px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:7631.33px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:8042.52px;white-space:nowrap">obtain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:8668.31px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:4970.62px;left:9034.71px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:0px;letter-spacing:-0.4px;white-space:nowrap">directly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:706.99px;letter-spacing:-0.72px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:1173.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:1517.98px;white-space:nowrap">SEC.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:1999.77px;letter-spacing:0.2px;white-space:nowrap">Visit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:2426.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:2770.76px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:3196.96px;white-space:nowrap">on-line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:3867.35px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5210.62px;left:4093.15px;letter-spacing:-1.36px;white-space:nowrap">http://www.sec.gov.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:5790.53px;left:0px;white-space:nowrap">CEO
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:5790.53px;left:488.59px;text-rendering:optimizeLegibility;white-space:nowrap">Certification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:5790.53px;left:1714.37px;letter-spacing:-0.36px;white-space:nowrap">Disclosure</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:2736.76px;white-space:nowrap">Each
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:3222.36px;letter-spacing:-3.17px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:3848.75px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:4374.75px;white-space:nowrap">Executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:5286.14px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Officer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:5945.53px;white-space:nowrap">(CEO)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:6531.33px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:6887.12px;white-space:nowrap">submitted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:7845.91px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:8086.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:8430.9px;white-space:nowrap">New
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:8897.7px;letter-spacing:-3.68px;white-space:nowrap">York
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:5810.62px;left:9331.09px;white-space:nowrap">Stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:0px;white-space:nowrap">Exchange
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:926.59px;white-space:nowrap">(NYSE)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:1586.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:1930.78px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:2575.58px;white-space:nowrap">CEO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:3057.38px;text-rendering:optimizeLegibility;white-space:nowrap">certification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:4153.16px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:4397.75px;letter-spacing:-0.8px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:5204.95px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:5479.14px;white-space:nowrap">Section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:6197.74px;white-space:nowrap">303A.12(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:7209.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:7443.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:7787.72px;white-space:nowrap">NYSE
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:8343.52px;white-space:nowrap">Listed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:8932.11px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6050.62px;left:9851.1px;letter-spacing:0px;white-space:nowrap">Manual.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:485.6px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:996.99px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:1352.79px;text-rendering:optimizeLegibility;white-space:nowrap">filed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:1797.19px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:2222.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:2567.18px;white-space:nowrap">SEC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:2993.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:3337.77px;text-rendering:optimizeLegibility;white-space:nowrap">certification
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:4433.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:4666.94px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:4922.14px;white-space:nowrap">CEO
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:5403.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:5796.73px;white-space:nowrap">Chief
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:6322.73px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:7159.92px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Officer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:7819.31px;letter-spacing:-0.8px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:8626.5px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:8900.7px;white-space:nowrap">Section
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:9619.29px;white-space:nowrap">302
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:10008.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6290.62px;left:10241.89px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6530.62px;left:0px;white-space:nowrap">Sarbanes-Oxley
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:6530.62px;left:1455.99px;white-space:nowrap">Act.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:7110.53px;left:0px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:7110.53px;left:902.99px;letter-spacing:-0.6px;white-space:nowrap">Share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:7110.53px;left:1491.78px;letter-spacing:-0.3px;white-space:nowrap">Repurchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:2732.56px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:3218.16px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:3729.56px;white-space:nowrap">intends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:4440.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:4681.14px;letter-spacing:-0.6px;white-space:nowrap">repurchase,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:5770.34px;letter-spacing:-0.45px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:6529.53px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:6784.72px;white-space:nowrap">open-market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:7984.71px;letter-spacing:-0.6px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:8514.51px;letter-spacing:-0.65px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7130.62px;left:9548.1px;letter-spacing:-0.4px;white-space:nowrap">program,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:0px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:615px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:848.39px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:1103.59px;white-space:nowrap">own
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:1533.38px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:2374.57px;white-space:nowrap">stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:2893.16px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:3118.96px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:3578.56px;white-space:nowrap">times
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:4115.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:4508.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:4722.94px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:5182.54px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:6004.93px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:6249.53px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:6438.33px;white-space:nowrap">deemed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:7242.32px;white-space:nowrap">advisable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:8194.31px;white-space:nowrap">During
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:8857.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:9201.5px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7370.62px;left:9845.69px;letter-spacing:-0.45px;white-space:nowrap">covered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:274.2px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:640.59px;letter-spacing:-0.45px;white-space:nowrap">report,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:1299.38px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:1777.58px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:2288.98px;letter-spacing:-0.6px;white-space:nowrap">repurchased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:3444.77px;letter-spacing:-0.51px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:4059.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:4293.16px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:4548.36px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:5389.54px;white-space:nowrap">stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:5908.14px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:6152.73px;white-space:nowrap">shown
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:6778.93px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:6993.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:7338.12px;white-space:nowrap">accompanying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:8694.31px;white-space:nowrap">table.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:9257.1px;white-space:nowrap">Any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7610.62px;left:9657.5px;letter-spacing:-0.51px;white-space:nowrap">future
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:0px;letter-spacing:-0.6px;white-space:nowrap">repurchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:1118.79px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:1462.78px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:1751.78px;letter-spacing:-0.4px;white-space:nowrap">reported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:2588.37px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:2828.96px;letter-spacing:-0.28px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:4021.55px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:4236.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:4580.75px;white-space:nowrap">next
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:5021.54px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:5666.34px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:5906.93px;white-space:nowrap">semi-annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:7850.62px;left:7033.12px;letter-spacing:-0.51px;white-space:nowrap">report.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:9429.98px;left:0px;white-space:nowrap">FINRA
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:9429.98px;left:677.79px;letter-spacing:-0.33px;white-space:nowrap">BrokerCheck</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:bold;position:absolute;top:9429.98px;left:1888.78px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:2007.17px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:2399.97px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:3237.16px;white-space:nowrap">Industry
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:4004.55px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:5022.94px;white-space:nowrap">Authority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:5900.32px;white-space:nowrap">(FINRA)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:6635.31px;letter-spacing:-0.4px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:7457.5px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:8538.48px;letter-spacing:-0.72px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9450.08px;left:9460.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:0px;white-space:nowrap">disciplinary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:1051.38px;white-space:nowrap">history
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:1699.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:1932.57px;white-space:nowrap">FINRA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:2563.56px;white-space:nowrap">member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:3370.95px;text-rendering:optimizeLegibility;letter-spacing:0.6px;white-space:nowrap">firms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:3859.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:4252.34px;white-space:nowrap">associated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:5248.72px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:6281.91px;letter-spacing:-0.24px;white-space:nowrap">professionals.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:7552.29px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:7967.09px;letter-spacing:0.3px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:9048.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:9292.67px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:9699.86px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9690.08px;left:9944.46px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:0px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:758.99px;letter-spacing:-0.8px;white-space:nowrap">brochure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:1610.98px;white-space:nowrap">describing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:2599.57px;white-space:nowrap">FINRA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:3230.56px;letter-spacing:-0.22px;white-space:nowrap">BrokerCheck
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:4423.55px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:4612.34px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:5453.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:5693.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:6038.13px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:6641.72px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:6915.91px;white-space:nowrap">calling
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:7549.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:7893.5px;white-space:nowrap">FINRA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:8524.5px;letter-spacing:-0.22px;white-space:nowrap">BrokerCheck
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:9930.08px;left:9717.48px;white-space:nowrap">Hotline
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:0px;white-space:nowrap">number
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:748.19px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:973.99px;white-space:nowrap">(800)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:1467.19px;white-space:nowrap">289-9999
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:2367.79px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:2608.38px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:2882.58px;white-space:nowrap">visiting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;font-weight:300;position:absolute;top:10170.08px;left:3563.57px;letter-spacing:-1.04px;white-space:nowrap">www.FINRA.org.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:61.77px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:61.77px;left:503.84px;letter-spacing:1.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:61.77px;left:703.19px;letter-spacing:-1.8px;white-space:nowrap">Trustees</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Jack
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:364.8px;letter-spacing:-1.6px;white-space:nowrap">B.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:543.35px;letter-spacing:-0.38px;white-space:nowrap">Evans</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:1987.2px;white-space:nowrap">William
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:2570.08px;letter-spacing:-1.6px;white-space:nowrap">C.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:2762.07px;white-space:nowrap">Hunter</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:3715.2px;white-space:nowrap">Amy
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:4086.56px;letter-spacing:-0.96px;white-space:nowrap">B.R.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:4402.55px;letter-spacing:-0.17px;white-space:nowrap">Lancellotta</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:5443.2px;white-space:nowrap">Joanne
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:6018.72px;letter-spacing:-5.76px;white-space:nowrap">T.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:6174.24px;letter-spacing:-0.48px;white-space:nowrap">Medero</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:7171.2px;white-space:nowrap">Albin
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:7598.4px;letter-spacing:-6.72px;white-space:nowrap">F.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:7749.76px;white-space:nowrap">Moschner</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:8899.2px;white-space:nowrap">John
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:9301.91px;letter-spacing:-1.6px;white-space:nowrap">K.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:294.73px;left:9479.19px;white-space:nowrap">Nelson</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Matthew
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:665.43px;letter-spacing:-0.32px;white-space:nowrap">Thornton
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:1376.78px;white-space:nowrap">III</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:1987.2px;letter-spacing:-2.28px;white-space:nowrap">Terence
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:2603.35px;letter-spacing:-1.6px;white-space:nowrap">J.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:2755.03px;letter-spacing:-3.84px;white-space:nowrap">Toth</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:3715.2px;letter-spacing:-0.64px;white-space:nowrap">Margaret
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:4420.63px;letter-spacing:-1.6px;white-space:nowrap">L.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:4577.11px;letter-spacing:-0.96px;white-space:nowrap">Wolff</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:5443.2px;letter-spacing:-0.55px;white-space:nowrap">Robert
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:5974.71px;letter-spacing:-1.6px;white-space:nowrap">L.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:549.45px;left:6129.27px;letter-spacing:-2.88px;white-space:nowrap">Young</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:0px;white-space:nowrap">Investment
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:908.95px;white-space:nowrap">Adviser</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:0px;white-space:nowrap">Nuveen
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:609.27px;letter-spacing:-1.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:1017.43px;letter-spacing:-0.48px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:1723.66px;letter-spacing:-1.6px;white-space:nowrap">LLC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:0px;white-space:nowrap">333
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:316.47px;letter-spacing:-1.15px;white-space:nowrap">West
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:717.59px;letter-spacing:-1.23px;white-space:nowrap">Wacker
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:1300.62px;white-space:nowrap">Drive</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:687.67px;letter-spacing:-1.28px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:847.03px;white-space:nowrap">60606</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:2347.2px;white-space:nowrap">Custodian
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:2347.2px;letter-spacing:-0.43px;white-space:nowrap">State
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:2753.27px;letter-spacing:-0.55px;white-space:nowrap">Street
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:3221.75px;white-space:nowrap">Bank</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:2347.2px;white-space:nowrap">&amp;
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:2496px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:2885.11px;letter-spacing:-0.27px;white-space:nowrap">Company</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:2347.2px;white-space:nowrap">One
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:2707.68px;letter-spacing:-0.53px;white-space:nowrap">Congress
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:3441.1px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:2347.2px;white-space:nowrap">Suite
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:2752.63px;white-space:nowrap">1</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:2347.2px;letter-spacing:-0.6px;white-space:nowrap">Boston,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:2935.99px;letter-spacing:-0.96px;white-space:nowrap">MA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:3226.87px;white-space:nowrap">02114-2016</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:4291.2px;letter-spacing:-0.48px;white-space:nowrap">Legal
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:4751.35px;letter-spacing:-0.27px;white-space:nowrap">Counsel</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:4291.2px;white-space:nowrap">Chapman
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:5046.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1536.86px;left:5366.71px;white-space:nowrap">Cutler
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:4291.2px;white-space:nowrap">LLP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:4291.2px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:4978.87px;letter-spacing:-1.28px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:5138.23px;white-space:nowrap">60603</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:6019.2px;white-space:nowrap">Independent
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:7067.03px;letter-spacing:-0.44px;white-space:nowrap">Registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1536.86px;left:6019.2px;letter-spacing:-0.98px;white-space:nowrap">Public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1536.86px;left:6531.04px;white-space:nowrap">Accounting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1536.86px;left:7457.26px;letter-spacing:-0.72px;white-space:nowrap">Firm</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:6019.2px;white-space:nowrap">KPMG
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:6518.87px;white-space:nowrap">LLP</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:6019.2px;white-space:nowrap">200
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:6337.59px;white-space:nowrap">East
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:6679.51px;letter-spacing:-0.21px;white-space:nowrap">Randolph
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:7426.7px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:6019.2px;letter-spacing:-0.75px;white-space:nowrap">Chicago,
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:6706.87px;letter-spacing:-1.28px;white-space:nowrap">IL
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:6866.23px;white-space:nowrap">60601</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:8035.2px;letter-spacing:-1.88px;white-space:nowrap">Transfer
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:8693.28px;white-space:nowrap">Agent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1344.86px;left:9208.63px;white-space:nowrap">and</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1536.86px;left:8035.2px;letter-spacing:-0.24px;white-space:nowrap">Shareholder
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:1536.86px;left:9026.39px;white-space:nowrap">Services</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:8035.2px;letter-spacing:-0.34px;white-space:nowrap">Computershare
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:9214.06px;letter-spacing:-2.4px;white-space:nowrap">Trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1728.86px;left:9603.18px;letter-spacing:-1.39px;white-space:nowrap">Company,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:1920.86px;left:8035.2px;letter-spacing:-0.96px;white-space:nowrap">N.A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:8035.2px;white-space:nowrap">150
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:8353.59px;letter-spacing:-0.27px;white-space:nowrap">Royall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2112.86px;left:8829.43px;letter-spacing:-0.64px;white-space:nowrap">Street</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:8035.2px;letter-spacing:-0.96px;white-space:nowrap">Canton,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:8644.15px;letter-spacing:-0.96px;white-space:nowrap">MA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2304.86px;left:8935.03px;white-space:nowrap">02021</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2496.86px;left:8035.2px;white-space:nowrap">(800)
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:2496.86px;left:8449.59px;white-space:nowrap">257-8787</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8535.59px;left:5955.68px;letter-spacing:-0.96px;white-space:nowrap">NAC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8535.59px;left:7396.48px;letter-spacing:-0.64px;white-space:nowrap">NKX</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8535.59px;left:8837.6px;letter-spacing:-1.6px;white-space:nowrap">NCA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:144px;font-weight:bold;position:absolute;top:8535.59px;left:10281.76px;letter-spacing:-1.6px;white-space:nowrap">NXC</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Common
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:724.31px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:1231.35px;letter-spacing:-0.52px;white-space:nowrap">repurchased</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:6214.4px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:7654.4px;white-space:nowrap">0</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:9094.4px;white-space:nowrap">0
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:155px;position:absolute;top:8790.32px;left:10534.4px;white-space:nowrap">0</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:68.70px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1222.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;letter-spacing:-8.53px;white-space:nowrap">Glossary
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2190.79px;letter-spacing:-6.4px;white-space:nowrap">of
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:2777.69px;letter-spacing:-8px;white-space:nowrap">Terms
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4427.98px;letter-spacing:-7.68px;white-space:nowrap">Used
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:5740.76px;letter-spacing:-6.4px;white-space:nowrap">in
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:6334.7px;letter-spacing:-7.68px;white-space:nowrap">this
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:7341.38px;letter-spacing:-8px;white-space:nowrap">Report</div><div style="color:#656769;font-family:Georgia, serif;font-size:360px;position:absolute;top:633.45px;left:112.27px;letter-spacing:-6.55px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">79</div></div> </div>
<div style="height:638.59px;left:0px;position:absolute;top:0px;transform:translate(36.000px,110.102px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )">
</div> </div> <div style="height:636.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.952px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.02px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.89px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:0px;letter-spacing:-0.45px;white-space:nowrap">Average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:844.21px;letter-spacing:0px;white-space:nowrap">Annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:1551.21px;letter-spacing:-3.7px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:-2.8px;left:2061.82px;letter-spacing:0.6px;white-space:nowrap">Return</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:2691.41px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:2791.17px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:3164.16px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:3333.76px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:3476.9px;white-space:nowrap">commonly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:4363.6px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:4800.14px;white-space:nowrap">method
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:5479.85px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:5696.07px;letter-spacing:-0.4px;white-space:nowrap">express
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:6352.56px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:6595.78px;letter-spacing:-1.54px;white-space:nowrap">investment&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:7628.83px;letter-spacing:0.27px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:8705.07px;letter-spacing:0px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:9108.12px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:9251.26px;letter-spacing:-1.38px;white-space:nowrap">particular,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:17.88px;left:10083.79px;letter-spacing:0px;white-space:nowrap">usually
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:0px;white-space:nowrap">multi-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:849.59px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:1256.02px;white-space:nowrap">period.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:1885.83px;white-space:nowrap">It
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:2043.15px;letter-spacing:-0.32px;white-space:nowrap">expresses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:2876.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:3186.68px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:3716.23px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:4079.28px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:4619.28px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:5049.65px;letter-spacing:0px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:5509.91px;white-space:nowrap">necessary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:6340.25px;letter-spacing:0px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:6770.62px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:7160.68px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:7377.21px;letter-spacing:0px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:7874.01px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:8183.97px;letter-spacing:-1.54px;white-space:nowrap">investment&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:9217.34px;letter-spacing:0px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:233.88px;left:9744.01px;white-space:nowrap">cumulative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:0px;letter-spacing:0.27px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:1076.56px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:1909.95px;white-space:nowrap">change
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:2550.39px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:2743.71px;letter-spacing:-2.25px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:3158.25px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:3374.78px;letter-spacing:-0.54px;white-space:nowrap">offer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:3794.72px;white-space:nowrap">price
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:4244.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:4598.05px;letter-spacing:-0.29px;white-space:nowrap">reinvested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:5481.3px;white-space:nowrap">dividends
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:6311.27px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:6664.79px;letter-spacing:0px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:7244.56px;letter-spacing:0px;white-space:nowrap">gains
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:7717.95px;white-space:nowrap">distributions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:8807.11px;letter-spacing:0px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:8953.63px;letter-spacing:0px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:9330.73px;letter-spacing:0px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:9734.1px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:449.88px;left:10044.06px;letter-spacing:0px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:665.88px;left:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:665.88px;left:579.77px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:665.88px;left:1093.13px;letter-spacing:-0.29px;white-space:nowrap">considered.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1101.2px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1101.2px;left:878.19px;white-space:nowrap">Leverage:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:1850.61px;letter-spacing:-0.32px;white-space:nowrap">Effective
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:2587.34px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:3330.73px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:3500.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:3644.11px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:4161.07px;letter-spacing:-0.32px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:4891.14px;letter-spacing:0px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:5724.89px;letter-spacing:0px;white-space:nowrap">leverage,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:6518.32px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:6871.84px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:7581.93px;letter-spacing:0px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:8008.52px;letter-spacing:-0.29px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:8874.85px;letter-spacing:0px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1121.88px;left:9618.24px;letter-spacing:0px;white-space:nowrap">(see
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:0px;white-space:nowrap">leverage)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:790.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:1143.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:1453.67px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:2197.06px;letter-spacing:-0.4px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:2773.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:2983.83px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:3576.92px;white-space:nowrap">derivative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:4409.95px;letter-spacing:0px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:5416.5px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:5609.81px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:5919.77px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:6436.73px;letter-spacing:0px;white-space:nowrap">portfolio.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:7226.19px;letter-spacing:-1.8px;white-space:nowrap">Currently,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:8042.66px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:8352.62px;letter-spacing:0px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:9096.01px;letter-spacing:-0.4px;white-space:nowrap">effects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:9672.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1337.88px;left:9882.78px;letter-spacing:-2.85px;white-space:nowrap">Tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:0px;white-space:nowrap">Option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:619.91px;white-space:nowrap">Bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:1100.15px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:1610.62px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:2227.29px;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:2793.56px;white-space:nowrap">holdings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:3533.53px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:3833.59px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:4576.98px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:4770.3px;letter-spacing:-0.32px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:5500.37px;letter-spacing:0px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:6243.77px;white-space:nowrap">values,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:6844.06px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:7037.38px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:7753.77px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:7970.3px;letter-spacing:0px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:8300.6px;letter-spacing:-0.29px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:1553.88px;left:9166.93px;letter-spacing:0px;white-space:nowrap">leverage.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1989.2px;left:0px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1989.2px;left:729.59px;white-space:nowrap">Floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1989.2px;left:1555.57px;white-space:nowrap">Rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:1989.2px;left:2040.76px;white-space:nowrap">Securities:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:3053.98px;white-space:nowrap">Inverse
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:3674.97px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:4334.66px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:4697.72px;letter-spacing:0px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:5494.02px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:5794.08px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:6104.04px;letter-spacing:-0.36px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:6777.23px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:7423.42px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:7616.74px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:7760.2px;letter-spacing:0px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:8339.97px;letter-spacing:0px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:8916.5px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2009.88px;left:9393.32px;letter-spacing:0px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:0px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:456.11px;white-space:nowrap">sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:1376.08px;letter-spacing:-0.72px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:2062.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:2278.95px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:2499.08px;white-space:nowrap">&#8220;inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:3209.18px;white-space:nowrap">floaters&#8221;,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:3995.58px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:4295.64px;letter-spacing:-0.4px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:4952.28px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:5199.05px;letter-spacing:0px;white-space:nowrap">depositing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:6108.76px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:6252.22px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:7075.53px;letter-spacing:0px;white-space:nowrap">bond,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:7602.39px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:8305.45px;letter-spacing:0px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:8688.49px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:8831.94px;letter-spacing:0px;white-space:nowrap">fixed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:9275.28px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2225.88px;left:9921.47px;white-space:nowrap">rate,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:0px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:359.81px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:503.27px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:1106.63px;white-space:nowrap">purpose
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:1819.96px;white-space:nowrap">trust.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:2276.07px;white-space:nowrap">This
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:2649.38px;white-space:nowrap">trust,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:3105.49px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:3298.81px;letter-spacing:0.54px;white-space:nowrap">turn,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:3721.81px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:3958.86px;white-space:nowrap">issues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:4482.3px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:5141.99px;letter-spacing:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:5505.04px;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:6417.8px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:7120.87px;letter-spacing:0px;white-space:nowrap">paying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:7714.32px;letter-spacing:0.29px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:8603.51px;letter-spacing:0px;white-space:nowrap">tax-exempt
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2441.88px;left:9563.43px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:0px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:439.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:656.27px;letter-spacing:-0.54px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:1075.84px;white-space:nowrap">parties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:1668.75px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:1862.07px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:2602.22px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:3099.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:3315.55px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:3802.45px;white-space:nowrap">fraction
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:4455.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:4665.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:4975.49px;letter-spacing:0px;white-space:nowrap">deposited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:5842px;letter-spacing:-2.85px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:6422.31px;white-space:nowrap">par
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:6735.51px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:7398.98px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:7615.51px;letter-spacing:0px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:8218.69px;white-space:nowrap">value,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:8742.3px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:9095.82px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:9349.44px;letter-spacing:0px;white-space:nowrap">issues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2657.88px;left:9872.87px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:616.67px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:1276.36px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:1639.42px;white-space:nowrap">certificate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:2475.5px;white-space:nowrap">(sometimes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:3442.27px;letter-spacing:-0.72px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:4128.6px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:4345.13px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:4565.27px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:4808.81px;letter-spacing:0px;white-space:nowrap">&#8220;inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:5518.91px;letter-spacing:0px;white-space:nowrap">floater&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:6225.39px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:6441.93px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:6685.47px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:7368.56px;letter-spacing:0px;white-space:nowrap">(such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:7828.99px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:8049.13px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:8192.59px;letter-spacing:0px;white-space:nowrap">Fund)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:8699.65px;letter-spacing:-0.29px;white-space:nowrap">interested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:9555.9px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:2873.88px;left:9749.22px;letter-spacing:0px;white-space:nowrap">gaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:929.87px;letter-spacing:-0.36px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:1716.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:1933.36px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:2076.82px;letter-spacing:0.32px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:2922.98px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:3746.29px;white-space:nowrap">bond.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:4273.15px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:4626.66px;letter-spacing:0px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:5266.92px;letter-spacing:-0.36px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:6000.41px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:6247.19px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:6557.15px;letter-spacing:0px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:7127.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:7337.07px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:7647.03px;letter-spacing:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:8263.7px;letter-spacing:0px;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:8829.97px;letter-spacing:0px;white-space:nowrap">varies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3089.88px;left:9339.91px;letter-spacing:0px;white-space:nowrap">inversely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:0px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:383.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:692.99px;letter-spacing:0.29px;white-space:nowrap">short-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:1582.17px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:1945.23px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:2351.84px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:2568.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:2878.33px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:3538.02px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:3901.07px;white-space:nowrap">certificates&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:4860.64px;letter-spacing:0px;white-space:nowrap">holders,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:5557.23px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:5910.75px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:6104.06px;letter-spacing:0px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:6550.64px;letter-spacing:-0.23px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:7720.8px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:8030.76px;letter-spacing:0px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:8600.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:8810.69px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:9120.65px;letter-spacing:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3305.88px;left:9737.32px;letter-spacing:0px;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:0px;white-space:nowrap">bears
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:489.95px;white-space:nowrap">substantially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:1526.2px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:1756.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:1966.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:2276.07px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:3179.3px;letter-spacing:-2.85px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:3759.61px;white-space:nowrap">downside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:4586.34px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:5516.21px;letter-spacing:0px;white-space:nowrap">risk.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:5882.68px;letter-spacing:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:6236.2px;letter-spacing:0px;white-space:nowrap">holder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:6806.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:7016.13px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:7326.09px;letter-spacing:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:7942.76px;letter-spacing:0px;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:8509.03px;white-space:nowrap">typically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:9212.1px;letter-spacing:0px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3521.88px;left:9582.17px;letter-spacing:0px;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:0px;letter-spacing:-0.17px;white-space:nowrap">disproportionately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:1522.59px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:1942.53px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:2272.82px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:3039.07px;letter-spacing:-0.25px;white-space:nowrap">appreciation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:4092.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:4302.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:4612.25px;letter-spacing:0px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:5515.48px;letter-spacing:-2.85px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:6095.79px;white-space:nowrap">value.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:6619.41px;letter-spacing:0px;white-space:nowrap">Hence,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:7236.45px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:7479.99px;letter-spacing:0px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:8096.66px;letter-spacing:0px;white-space:nowrap">floater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:8662.93px;white-space:nowrap">essentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:9536.1px;letter-spacing:-0.59px;white-space:nowrap">represents
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3737.88px;left:10422.59px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:929.87px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:1123.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:1433.14px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:2336.37px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:2813.19px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:3070.05px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:3213.51px;white-space:nowrap">leveraged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:3953.88px;left:4066.88px;white-space:nowrap">basis.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:4389.2px;left:0px;white-space:nowrap">Leverage:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:972.42px;white-space:nowrap">Leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:1762.62px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:1932.54px;letter-spacing:-0.4px;white-space:nowrap">created
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:2589.17px;white-space:nowrap">whenever
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:3416.08px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:3559.54px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:3973px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:4293.22px;letter-spacing:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:5223.09px;letter-spacing:-0.36px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:6010.04px;letter-spacing:0px;white-space:nowrap">(both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:6483.43px;letter-spacing:-0.93px;white-space:nowrap">reward
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:7079.95px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:7666.56px;letter-spacing:0px;white-space:nowrap">risk)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:8029.79px;white-space:nowrap">equivalent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:8916.46px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:9133px;letter-spacing:-0.65px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:9599.73px;letter-spacing:0px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4409.88px;left:10003.11px;letter-spacing:0px;white-space:nowrap">100%
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4625.88px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4625.88px;left:210.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4625.88px;left:520.01px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:4625.88px;left:1449.88px;white-space:nowrap">capital.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:0px;white-space:nowrap">Net
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:410.99px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:984.78px;letter-spacing:-1.83px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:1555.37px;letter-spacing:-2.07px;white-space:nowrap">(NAV)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:2157.56px;white-space:nowrap">Per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5061.2px;left:2531.55px;letter-spacing:-0.6px;white-space:nowrap">Share:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:3166.78px;white-space:nowrap">A
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:3340.3px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:3857.25px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:4207.17px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:4770.56px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:4940.48px;letter-spacing:0px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:5437.28px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:5653.81px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:5883.49px;letter-spacing:0px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:6296.4px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:6829.73px;letter-spacing:0px;white-space:nowrap">(securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:7722.88px;white-space:nowrap">cash,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:8179.9px;white-space:nowrap">accrued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:8866.77px;letter-spacing:0.36px;white-space:nowrap">earnings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5081.88px;left:9603.32px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:0px;letter-spacing:-0.25px;white-space:nowrap">receivables)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:993.59px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:1340.27px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:1569.94px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:1982.85px;white-space:nowrap">liabilities.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:2782.03px;letter-spacing:-2.25px;white-space:nowrap">NAV
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:3196.57px;white-space:nowrap">per
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:3516.43px;letter-spacing:-0.54px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:3993.25px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:4163.16px;white-space:nowrap">equal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:4659.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:4876.5px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:5186.45px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:5703.41px;white-space:nowrap">Net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:6053.33px;letter-spacing:0px;white-space:nowrap">Assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:6616.72px;white-space:nowrap">divided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:7269.93px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:7516.71px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:7746.38px;letter-spacing:0px;white-space:nowrap">number
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:8419.76px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:8629.81px;letter-spacing:-0.46px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5297.88px;left:9183.31px;white-space:nowrap">outstanding.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5733.2px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Pre-Refunded
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:5733.2px;left:1340.98px;letter-spacing:-0.2px;white-space:nowrap">Bond/Pre-Refunding</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:3244.94px;white-space:nowrap">:
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:3345.02px;letter-spacing:-0.25px;white-space:nowrap">Pre-Refunded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:4495.21px;letter-spacing:-0.16px;white-space:nowrap">Bond/Pre-Refunding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:6235.43px;letter-spacing:0px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:6605.51px;white-space:nowrap">known
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:7179.16px;letter-spacing:0px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:7399.3px;letter-spacing:0px;white-space:nowrap">advanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:8229.81px;letter-spacing:-0.22px;white-space:nowrap">refundings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:9129.81px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5753.88px;left:9346.34px;letter-spacing:-0.18px;white-space:nowrap">refinancings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:0px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:169.92px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:313.38px;letter-spacing:-0.65px;white-space:nowrap">procedure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:1190.15px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:1627.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:1873.78px;white-space:nowrap">state
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:2313.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:2667.04px;white-space:nowrap">local
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:3090.39px;letter-spacing:0.27px;white-space:nowrap">governments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:4197.01px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:4413.55px;letter-spacing:-0.32px;white-space:nowrap">refinance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:5197.08px;letter-spacing:0px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:6020.39px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:6573.89px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:6790.42px;letter-spacing:0px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:7280.19px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:7926.38px;letter-spacing:0px;white-space:nowrap">expenses.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:8776.88px;letter-spacing:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:9130.4px;letter-spacing:0px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:9636.91px;letter-spacing:0px;white-space:nowrap">sells
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:5969.88px;left:10026.78px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:0px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:553.49px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:936.53px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:1079.99px;white-space:nowrap">lower
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:1569.76px;white-space:nowrap">yield
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:2003.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:2356.53px;white-space:nowrap">uses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:2760.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:3070.04px;letter-spacing:-0.36px;white-space:nowrap">proceeds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:3866.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:4083.43px;white-space:nowrap">buy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:4430.29px;white-space:nowrap">U.S.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:4803.97px;letter-spacing:-2.2px;white-space:nowrap">Treasury
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:5514.06px;letter-spacing:0px;white-space:nowrap">securities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:6360.41px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:6670.36px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:7316.56px;letter-spacing:-0.65px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:7736.49px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:8246.6px;letter-spacing:0px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:8416.52px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:8853.38px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:9069.91px;letter-spacing:0px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:9553.57px;letter-spacing:0px;white-space:nowrap">payments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6185.88px;left:10383.72px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:309.96px;letter-spacing:-0.62px;white-space:nowrap">higher-yielding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:1559.68px;white-space:nowrap">bonds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:2163.22px;white-space:nowrap">Because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:2883.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:3093.81px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:3423.56px;white-space:nowrap">collateral,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:4253.17px;letter-spacing:-0.46px;white-space:nowrap">pre-refunding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:5403px;letter-spacing:0px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:6189.59px;white-space:nowrap">raises
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:6689.44px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:6832.9px;letter-spacing:-2.85px;white-space:nowrap">bond&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:7413.21px;letter-spacing:-0.46px;white-space:nowrap">credit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:7919.55px;letter-spacing:0px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:8435.78px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:8789.3px;letter-spacing:0px;white-space:nowrap">thus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:9175.93px;letter-spacing:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6401.88px;left:9405.61px;white-space:nowrap">value.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6837.2px;left:0px;white-space:nowrap">Regulatory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:6837.2px;left:1081.58px;white-space:nowrap">Leverage:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:2054px;white-space:nowrap">Regulatory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:2970.55px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:3713.94px;white-space:nowrap">consists
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:4390.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:4600.61px;letter-spacing:-0.65px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:5396.92px;letter-spacing:-0.46px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:5950.42px;letter-spacing:0px;white-space:nowrap">issued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:6507.15px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:6753.93px;letter-spacing:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:6970.46px;letter-spacing:-0.29px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:7920.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:8130.18px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:8273.64px;letter-spacing:0px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:8737.14px;white-space:nowrap">Both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:9167.15px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:9377.21px;letter-spacing:0px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:9863.92px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:6857.88px;left:10163.98px;letter-spacing:0px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:210.06px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:353.52px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:870.47px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:1450.24px;letter-spacing:-0.29px;white-space:nowrap">structure.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:2249.79px;white-space:nowrap">Regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:3166.34px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:3909.73px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:4079.65px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:4706.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:4922.75px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:5379.41px;letter-spacing:0px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:6173.02px;letter-spacing:0px;white-space:nowrap">limits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:6642.45px;letter-spacing:0px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:6929.01px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:7122.32px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:7432.28px;letter-spacing:0px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:8366.47px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:9193.56px;letter-spacing:0px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:9513.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7073.88px;left:9723.65px;letter-spacing:0px;white-space:nowrap">1940.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7509.2px;left:0px;letter-spacing:-5px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7509.2px;left:368.79px;white-space:nowrap">Obligation/General
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:7509.2px;left:2239.56px;white-space:nowrap">Bonds:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:2929.99px;white-space:nowrap">Bonds
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:3486.9px;white-space:nowrap">backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:4123.92px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:4370.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:4680.65px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:5337.28px;letter-spacing:-0.36px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:6107.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:6317.74px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:6561.28px;letter-spacing:-2.07px;white-space:nowrap">issuer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:7101.27px;letter-spacing:0px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:7887.86px;letter-spacing:0px;white-space:nowrap">taxes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:8404.64px;letter-spacing:-0.54px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:8941.39px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:9251.35px;letter-spacing:0px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:9757.86px;letter-spacing:0px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7529.88px;left:10078.08px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:0px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:529.55px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:746.08px;letter-spacing:-0.36px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:1452.94px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:1919.67px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:2166.45px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:2409.99px;white-space:nowrap">unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:3212.96px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:3876.43px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:4092.97px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:4433.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:4743.12px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:7745.88px;left:5296.62px;letter-spacing:0px;white-space:nowrap">back.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8181.2px;left:0px;letter-spacing:-5px;white-space:nowrap">Tax
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8181.2px;left:368.79px;white-space:nowrap">Obligation/Limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8181.2px;left:2202.76px;white-space:nowrap">Bonds:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:2902.35px;white-space:nowrap">Bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:3459.26px;white-space:nowrap">backed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:4096.28px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:4343.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:4653.01px;letter-spacing:0px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:5309.64px;letter-spacing:-0.36px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:6080.04px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:6290.1px;letter-spacing:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:6533.64px;letter-spacing:-2.07px;white-space:nowrap">issuer,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:7073.63px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:7860.22px;letter-spacing:0px;white-space:nowrap">taxes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:8377px;letter-spacing:-0.54px;white-space:nowrap">where
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:8913.75px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:9223.71px;letter-spacing:0px;white-space:nowrap">issuer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8201.88px;left:9730.22px;letter-spacing:-0.4px;white-space:nowrap">doesn&#8217;t
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:0px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:430.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:740.34px;white-space:nowrap">ability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:1269.88px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:1486.42px;letter-spacing:-0.36px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:2193.27px;white-space:nowrap">taxes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:2660.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:2906.79px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:3150.33px;white-space:nowrap">unlimited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:3953.3px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:4616.77px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:4833.3px;letter-spacing:0px;white-space:nowrap">pay
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:5173.5px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:5483.46px;letter-spacing:0px;white-space:nowrap">bonds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8441.88px;left:6036.95px;letter-spacing:0px;white-space:nowrap">back</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8421.2px;left:6413.87px;white-space:nowrap">.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8877.2px;left:0px;letter-spacing:-3.7px;white-space:nowrap">Total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8877.2px;left:510.99px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:200px;position:absolute;top:8877.2px;left:1607.17px;letter-spacing:-0.4px;white-space:nowrap">Exposure:</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:2586.59px;letter-spacing:-3.33px;white-space:nowrap">Total
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:3023.09px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:3952.96px;letter-spacing:-0.36px;white-space:nowrap">exposure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:4739.91px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:4909.83px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:5053.29px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:5570.24px;letter-spacing:0px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:6103.58px;letter-spacing:0px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:6913.93px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:7160.71px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:7470.67px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:8120.63px;letter-spacing:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:8483.69px;letter-spacing:-0.81px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:8783.75px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:8897.88px;left:9766.17px;letter-spacing:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:0px;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:706.67px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:1500.1px;white-space:nowrap">For
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:1816.72px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:2303.43px;white-space:nowrap">purposes,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:3143.49px;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:3850.16px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:4593.55px;white-space:nowrap">includes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:5303.64px;letter-spacing:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:5447.1px;letter-spacing:-2.85px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:5964.06px;letter-spacing:0px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:6290.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:6500.99px;letter-spacing:-0.65px;white-space:nowrap">preferred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:7297.3px;letter-spacing:0px;white-space:nowrap">stock
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:7764.04px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:8117.55px;letter-spacing:-0.29px;white-space:nowrap">borrowings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:9067.22px;letter-spacing:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:9420.73px;letter-spacing:0px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9113.88px;left:10427.28px;letter-spacing:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:309.96px;letter-spacing:-0.36px;white-space:nowrap">residual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:983.15px;letter-spacing:-0.36px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:1629.34px;white-space:nowrap">certificates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:2542.1px;white-space:nowrap">(also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:2958.98px;white-space:nowrap">called
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:3485.65px;white-space:nowrap">inverse
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:4102.33px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:4762.01px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:5125.07px;letter-spacing:0px;white-space:nowrap">securities)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:5968.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:6161.49px;letter-spacing:0px;white-space:nowrap">tender
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:6741.27px;letter-spacing:0px;white-space:nowrap">option
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:7317.8px;white-space:nowrap">bond
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:7794.61px;letter-spacing:0px;white-space:nowrap">(TOB)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:8305.08px;white-space:nowrap">trusts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:8837.87px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:9624.47px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9329.88px;left:9934.42px;letter-spacing:0px;white-space:nowrap">portion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:210.06px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:743.39px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:1146.77px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:1393.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:1537px;white-space:nowrap">TOB
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:1953.88px;white-space:nowrap">trust
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:2359.95px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:2723.01px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:3043.22px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:3503.48px;letter-spacing:-0.27px;white-space:nowrap">effectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:4363.51px;white-space:nowrap">financed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:5100.42px;letter-spacing:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:5347.2px;letter-spacing:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:5657.16px;letter-spacing:-2.5px;white-space:nowrap">trust&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:6166.73px;letter-spacing:0px;white-space:nowrap">issuance
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:7103.8px;letter-spacing:0px;white-space:nowrap">floating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:7763.49px;letter-spacing:0px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:180px;position:absolute;top:9545.88px;left:8126.54px;letter-spacing:0px;white-space:nowrap">securities.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">80</div></div> </div>
<div style="height:114.86px;left:0px;position:absolute;top:0px;transform:translate(36.000px,25.821px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:2145.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.58px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:0px;white-space:nowrap">Annual
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:1924.22px;white-space:nowrap">Investment
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:-44.41px;left:4858.59px;white-space:nowrap">Management
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:0px;white-space:nowrap">Agreement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:2845.08px;white-space:nowrap">Approval
</div><div style="color:#656769;font-family:Georgia, serif;font-size:480px;font-weight:bold;position:absolute;top:531.59px;left:5240.39px;white-space:nowrap">Process</div><div style="color:#656769;font-family:Georgia, serif;font-size:340px;position:absolute;top:1058.43px;left:0px;white-space:nowrap">(Unaudited)
</div></div> </div> <div style="height:611.33px;left:0px;position:absolute;top:0px;transform:translate(36.000px,137.367px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12160.28px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">At
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:334.88px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:971.83px;white-space:nowrap">held
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1330.39px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1558.7px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1905.74px;white-space:nowrap">23-25,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2403.82px;white-space:nowrap">2023
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3551.34px;white-space:nowrap">Meeting&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4363.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4639.01px;letter-spacing:-0.41px;white-space:nowrap">Boards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5178.36px;white-space:nowrap">of
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6899.93px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7812.72px;white-space:nowrap">and
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:186.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:462.23px;white-space:nowrap">Funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:983.99px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1437.43px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1704.15px;white-space:nowrap">comprised
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3069.73px;white-space:nowrap">of
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3727.64px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4447.79px;white-space:nowrap">who
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4791.63px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5058.34px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5339.78px;letter-spacing:-0.24px;white-space:nowrap">&#8220;interested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6183.93px;white-space:nowrap">persons&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6871.44px;white-space:nowrap">(as
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7701.52px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8163.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8439.27px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9269.66px;white-space:nowrap">Company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:10004.85px;white-space:nowrap">Act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:10289.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:400.32px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:717.44px;white-space:nowrap">&#8220;1940
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1200.8px;white-space:nowrap">Act&#8221;))
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1651.51px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1968.63px;white-space:nowrap">&#8220;Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3018.54px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3489.73px;white-space:nowrap">Members&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4379px;letter-spacing:-0.29px;white-space:nowrap">approved,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5155.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5395.31px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5762.34px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6535.62px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6989.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7264.73px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7863.29px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8050px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8325.52px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9315.43px;letter-spacing:-0.29px;white-space:nowrap">agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:10136.23px;white-space:nowrap">(each,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:216.48px;white-space:nowrap">&#8220;Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1129.91px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2125.9px;letter-spacing:-0.18px;white-space:nowrap">Agreement&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3098.05px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3438.53px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4040.45px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4449.57px;white-space:nowrap">Advisors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5145.87px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5462.99px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5780.11px;white-space:nowrap">&#8220;Adviser&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6565.54px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7232.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7424.57px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7878px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8153.52px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8731.27px;white-space:nowrap">serves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9220.23px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9415.91px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:0px;white-space:nowrap">adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:551.03px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:743.51px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1111.19px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1520.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1834.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2110.06px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3052.29px;letter-spacing:-0.29px;white-space:nowrap">agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3873.08px;white-space:nowrap">(each,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4341.72px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4469.24px;white-space:nowrap">&#8220;Sub-Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5542.02px;letter-spacing:-0.18px;white-space:nowrap">Agreement&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6514.17px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6854.65px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7456.57px;white-space:nowrap">Asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7889.2px;white-space:nowrap">Management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8929.68px;white-space:nowrap">LLC
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9246.79px;white-space:nowrap">(the
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 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:702.39px;white-space:nowrap">pursuant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1368.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1561.42px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2014.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2290.37px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3197.08px;white-space:nowrap">serves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3686.04px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3881.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4157.23px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5016.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5208.9px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5576.57px;white-space:nowrap">Fund
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6442.01px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7200.23px;white-space:nowrap">one-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7873.03px;letter-spacing:0.48px;white-space:nowrap">term.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8340.86px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8563.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8838.77px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9309.97px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9461.01px;white-space:nowrap">comprised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:10257.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:10444.67px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:0px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:966.87px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:1438.07px;white-space:nowrap">Members,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2202.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2478.22px;letter-spacing:-0.52px;white-space:nowrap">references
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3260.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3453.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3728.61px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:4199.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:4514.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:4789.56px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:5756.43px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:6227.62px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:6947.78px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:7214.49px;letter-spacing:-0.18px;white-space:nowrap">interchangeable.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:0px;white-space:nowrap">Following
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:740.63px;white-space:nowrap">up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:971.83px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1164.3px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1380.78px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:1803.97px;white-space:nowrap">two-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:2467.48px;white-space:nowrap">period,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3027.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3302.83px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:3774.02px;white-space:nowrap">considers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4494.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:4769.53px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5368.09px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5554.8px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:5937.36px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:6767.75px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7763.75px;letter-spacing:-0.29px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8611.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8925.5px;white-space:nowrap">Sub-Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:847.51px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1075.83px;white-space:nowrap">behalf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1564.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1751.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2027.02px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2812.13px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3221.25px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3449.57px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:3666.04px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4181.88px;white-space:nowrap">basis.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4670.84px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:4985.08px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:5815.47px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:6811.46px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:7727.13px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:8041.37px;white-space:nowrap">Sub-Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9031.12px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:9946.79px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:0px;white-space:nowrap">collectively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:832.47px;letter-spacing:-0.64px;white-space:nowrap">referred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:1442.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:1635.01px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:1830.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:2106.21px;white-space:nowrap">&#8220;Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:2850.04px;letter-spacing:-0.22px;white-space:nowrap">Agreements,&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:3893.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:4207.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:4482.99px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5060.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5374.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:5650.49px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:6557.2px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:6823.92px;letter-spacing:-1.05px;white-space:nowrap">collectively,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:7686.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:7961.67px;white-space:nowrap">&#8220;Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:8453.82px;white-space:nowrap">Advisers&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:9182.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:9497.01px;white-space:nowrap">each,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:9924.05px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1872px;left:10051.57px;white-space:nowrap">&#8220;Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:0px;letter-spacing:-1.05px;white-space:nowrap">Adviser.&#8221;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:314.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1281.11px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:1752.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:2472.46px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3308.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:3583.65px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4087.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4274.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:4549.56px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:5183.63px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6072.58px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6312.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:6587.93px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7189.85px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7625.52px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:7818px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8049.2px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8265.68px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:8911.75px;letter-spacing:-0.36px;white-space:nowrap">process
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9501.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2400px;left:9815.74px;white-space:nowrap">employed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:275.52px;white-space:nowrap">accumulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:1232.79px;letter-spacing:0.22px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2142.05px;white-space:nowrap">knowledge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:2974.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:3289.08px;white-space:nowrap">experience
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4121.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4397.39px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:4868.58px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5588.74px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:5902.98px;white-space:nowrap">gained
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6442.33px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:6951.77px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7318.8px;letter-spacing:-0.41px;white-space:nowrap">tenure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:7822.48px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8050.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8326.31px;letter-spacing:-0.41px;white-space:nowrap">boards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:8862.62px;letter-spacing:0.29px;white-space:nowrap">governing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9635.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2592px;left:9911.41px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:0px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:435.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:749.91px;white-space:nowrap">working
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1360.14px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1700.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:1976.14px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2553.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:2868.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3143.64px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:3928.75px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:4856.1px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5027.94px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5394.97px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:5910.81px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6414.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6601.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:6876.72px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:7510.79px;letter-spacing:-0.24px;white-space:nowrap">agreements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:8488.7px;letter-spacing:-0.26px;white-space:nowrap">Throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9371.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:9647.25px;letter-spacing:-2.45px;white-space:nowrap">year,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2784px;left:10023.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:471.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:785.43px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:989.59px;white-space:nowrap">committees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:1869.41px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2281.25px;letter-spacing:-0.29px;white-space:nowrap">regularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:2941.72px;white-space:nowrap">and,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3300.44px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3481.08px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:3913.71px;white-space:nowrap">meetings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:4663.31px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5217.54px;letter-spacing:-0.36px;white-space:nowrap">regular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:5762.5px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6283.93px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:6820.24px;letter-spacing:-0.36px;white-space:nowrap">reports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7370.95px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:7693.67px;white-space:nowrap">cover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8129.34px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:8345.82px;white-space:nowrap">extensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9060.05px;white-space:nowrap">array
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9453.97px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:9640.68px;white-space:nowrap">topics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2976px;left:10114.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:0px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:864.78px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1187.5px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:1454.22px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2067.49px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2259.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:2535.48px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3098.68px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:3614.51px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4624.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:4811.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:5086.97px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:5685.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:5872.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:6147.76px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:6781.83px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7670.78px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:7910.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:8186.14px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:8788.05px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:9312.69px;white-space:nowrap">Such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3168px;left:9701.17px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:0px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:340.96px;letter-spacing:-0.32px;white-space:nowrap">address,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:983.99px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:1529.43px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:1952.94px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2477.25px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:2844.77px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:3801.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4115.95px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:4397.23px;letter-spacing:0.22px;white-space:nowrap">information;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:5306.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:5582.01px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:6251.76px;white-space:nowrap">strategic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:6909.03px;white-space:nowrap">plans;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:7374.3px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:7978.62px;white-space:nowrap">initiatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:8689.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:8929px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:9477.15px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3360px;left:9957.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:0px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:503.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:690.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:965.91px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1401.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:1715.82px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:2542.37px;white-space:nowrap">teams;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:3060.93px;white-space:nowrap">compliance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:3970.84px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:4740.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5055.14px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:5336.42px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:6326.33px;white-space:nowrap">matters;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:6951.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7226.64px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:7783.27px;white-space:nowrap">practices
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:8464.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:8651.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:8926.77px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:9474.92px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3552px;left:10402.27px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:275.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:877.44px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:1357.59px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:2347.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:2534.22px;white-space:nowrap">distributions;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:3502.36px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:4192.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:4379.47px;white-space:nowrap">securities;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:5131.78px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:5499.3px;white-space:nowrap">expenses;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:6255.29px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:6963.12px;white-space:nowrap">lending;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:7591.28px;white-space:nowrap">liquidity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:8204.06px;white-space:nowrap">management;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:9238.46px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:9756.85px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3744px;left:10293px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:0px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:770.07px;white-space:nowrap">developments;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:1878.38px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:2192.61px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:2533.09px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:3101.88px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:3294.36px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:4133.07px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:4613.23px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:5128.58px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:6118.49px;white-space:nowrap">initiatives,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:6873.52px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:7743.9px;white-space:nowrap">ownership,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:8567.57px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:9557.48px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3936px;left:9744.2px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:693.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:1007.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:1283.35px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:2056.94px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:2593.09px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:3149.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:3336.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:3611.96px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:4450.67px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:4886.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:5200.58px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:5494.18px;white-space:nowrap">actions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:6042.33px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:6234.81px;letter-spacing:-0.36px;white-space:nowrap">address
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:6833.36px;white-space:nowrap">discounts.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:7642.31px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:7956.55px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:8427.75px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:8756.7px;white-space:nowrap">seeks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:9192.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:9385.01px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4128px;left:9796.85px;white-space:nowrap">periodically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:0px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:340.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:615.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:1217.91px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:1695.19px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:2622.53px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:3143.97px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:3801.23px;white-space:nowrap">teams,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:4319.79px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:4746.66px;white-space:nowrap">feasible.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:5431.14px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:5745.37px;letter-spacing:-0.19px;white-space:nowrap">presentations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:6797.04px;white-space:nowrap">discussions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:7683.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:7997.35px;white-space:nowrap">meetings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:8702.46px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:9546.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:9822.29px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4320px;left:10169px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:0px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:589.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:717.11px;white-space:nowrap">means
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:1227.03px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:1466.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:1742.38px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:2213.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:2406.05px;white-space:nowrap">evaluate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:3052.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:3327.64px;white-space:nowrap">level,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:3748.44px;letter-spacing:-0.36px;white-space:nowrap">breadth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:4352.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:4666.99px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5188.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5374.98px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:5979.45px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:6666.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:6886.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:7161.68px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:7739.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:8053.67px;white-space:nowrap">how
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:8397.5px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:8765.18px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:9369.65px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4512px;left:9752.21px;white-space:nowrap">changed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:0px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:358.55px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:719.83px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:891.67px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1252.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1439.5px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1777.41px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1969.89px;text-rendering:optimizeLegibility;white-space:nowrap">modified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:2654.36px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:3424.43px;letter-spacing:-0.41px;white-space:nowrap">requirements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:4452.42px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5089.86px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5282.33px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5818.48px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:6603.59px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:6796.07px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:7219.58px;white-space:nowrap">factors.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:175.68px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:1011.51px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:1351.98px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:1556.14px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:2071.98px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:3082.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:3268.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:3544.43px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:4178.5px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:5067.46px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:5307.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:5582.81px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:6184.73px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:6664.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:6940.4px;letter-spacing:-0.41px;white-space:nowrap">Board,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:7456.07px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:8063.43px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:8267.58px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:9230.62px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5040px;left:9621.65px;white-space:nowrap">counsel,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:0px;letter-spacing:-0.29px;white-space:nowrap">requested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:767.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:1081.59px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:1733.59px;white-space:nowrap">extensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:2447.82px;white-space:nowrap">materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:3134.85px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:3449.09px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:4313.87px;letter-spacing:-0.64px;white-space:nowrap">prepared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:5013.06px;text-rendering:optimizeLegibility;white-space:nowrap">specifically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:5827.93px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:6067.77px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:6271.92px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:6775.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:6962.31px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:7329.99px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:7964.06px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:8853.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:9072.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:9347.89px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5232px;left:9925.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:0px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:219.36px;letter-spacing:-0.26px;white-space:nowrap">Broadridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:1066.55px;white-space:nowrap">Financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:1736.3px;white-space:nowrap">Solutions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:2479.97px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:2777.25px;letter-spacing:-0.12px;white-space:nowrap">(&#8220;Broadridge&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:3918.19px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:4134.67px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:5097.7px;letter-spacing:-0.32px;white-space:nowrap">provider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:5740.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:5927.13px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:6753.68px;white-space:nowrap">company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:7453.35px;white-space:nowrap">data.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:7903.75px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:8217.99px;white-space:nowrap">materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:8905.01px;white-space:nowrap">cover
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:9340.69px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:9468.21px;white-space:nowrap">wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5424px;left:9853.32px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:186.72px;white-space:nowrap">topics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:660.63px;white-space:nowrap">including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:1404.3px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:1688.62px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:1970.05px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2505.88px;white-space:nowrap">to,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2742.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2870.36px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:3711.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:3898.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:4173.7px;letter-spacing:-0.36px;white-space:nowrap">nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:4715.93px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5210.65px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5524.89px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6046.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6232.87px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6837.35px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:7524.7px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:7744.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:8019.57px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:8428.69px;white-space:nowrap">Advisers;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:9119.08px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:9246.6px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:9750.28px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:0px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:604.31px;white-space:nowrap">actions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:1152.46px;white-space:nowrap">advanced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:1890.7px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2062.54px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2462.86px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2702.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2978.21px;text-rendering:optimizeLegibility;white-space:nowrap">benefit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:3526.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:3713.08px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:4423.63px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5025.54px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5461.22px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5982.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:6258.17px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:6860.09px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7227.61px;white-space:nowrap">complex;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7927.12px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8054.64px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8558.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8745.03px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9127.59px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9986.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:10179.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:601.92px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1037.6px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1559.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1834.55px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:2619.66px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:3446.21px;white-space:nowrap">team;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:3896.6px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:4113.08px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:4702.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:4889.55px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:5257.07px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:6214.01px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:6554.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:6682.01px;white-space:nowrap">focus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7102.96px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7331.28px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7624.88px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8226.8px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8662.47px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:9498.14px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:0px;white-space:nowrap">outliers;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:612.95px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:829.43px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:1419.18px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:1605.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:1881.42px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:2219.33px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:2533.57px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:3176.93px;white-space:nowrap">ratios
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:3612.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:3798.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:4074.35px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:4676.27px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:5111.95px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:5452.42px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:5579.94px;white-space:nowrap">focus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6000.9px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6229.21px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:6522.81px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:7124.73px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:7560.41px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:8396.08px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:9039.44px;white-space:nowrap">outliers;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:9652.39px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6192px;left:9779.9px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:186.72px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:1176.63px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:1446.39px;white-space:nowrap">schedules;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:2240.78px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:2368.3px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:3209.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:3396.12px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:4053.39px;white-space:nowrap">manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:4729.06px;white-space:nowrap">compensation;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:5828.57px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6045.05px;white-space:nowrap">overview
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6723.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:6910.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:7185.83px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:7959.42px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:8495.57px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9052.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9238.92px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9730.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6384px;left:9917.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:601.92px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1440.63px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:1876.31px;white-space:nowrap">(including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:2661.58px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3207.01px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:3630.52px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4154.84px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4371.32px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:4961.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:5147.79px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:5921.38px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:6457.53px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7414.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:7728.72px;white-space:nowrap">commentary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:8662.14px;letter-spacing:-0.58px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:9399.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6576px;left:9675.25px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:0px;white-space:nowrap">management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:1034.39px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:1458.23px;letter-spacing:-0.52px;white-space:nowrap">repurchase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2285.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2599.34px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:2975.66px;letter-spacing:-0.32px;white-space:nowrap">offering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:3574.05px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:4299.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:4486.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:5088.44px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:5927.15px;white-space:nowrap">funds);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:6448.9px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:6576.42px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:7417.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:7604.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:7879.76px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:8732.38px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:8924.86px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:9553.17px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6768px;left:9914.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:601.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:916.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:1191.67px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2119.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2311.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:2587.02px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:3188.94px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:3669.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:3983.33px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:4110.85px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:4951.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:5138.67px;letter-spacing:-0.32px;white-space:nowrap">indirect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:5716.1px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:6332.42px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:6984.41px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:7203.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:7479.29px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:8057.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:8371.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:8646.79px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:9574.14px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6960px;left:9769.82px;white-space:nowrap">a
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:4929.7px;text-rendering:optimizeLegibility;white-space:nowrap">specifically
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7152px;left:7279.43px;white-space:nowrap">supplemented
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7344px;left:2734.69px;white-space:nowrap">evaluations
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7536px;left:5967.45px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:4031.62px;white-space:nowrap">annual
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:5051.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:5237.85px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:5605.53px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:6239.6px;letter-spacing:-0.24px;white-space:nowrap">agreements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:7217.51px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:7531.75px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:8533.18px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:8802.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:9117.17px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:9760.53px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7728px;left:10121.97px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:0px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:423.51px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:1288.3px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:1975.65px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2195px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:2322.52px;white-space:nowrap">Fund
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:3339.16px;letter-spacing:-0.26px;white-space:nowrap">Broadridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:4186.34px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:4378.82px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:4802.33px;white-space:nowrap">service
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:6049.51px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:6437.67px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:6719.11px;white-space:nowrap">independently
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:8372.37px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:8591.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:8867.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7920px;left:9834.12px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8112px;left:0px;white-space:nowrap">Members.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:0px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:222.4px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:553.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:740.63px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:944.78px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:1484.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:1759.66px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:2230.85px;white-space:nowrap">met
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:2553.73px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:2782.04px;white-space:nowrap">April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:3163.96px;white-space:nowrap">11-12,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:3662.03px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:4062.35px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:4379.47px;white-space:nowrap">&#8220;April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:4844.42px;white-space:nowrap">Meeting&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:5612.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:5804.57px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:6308.24px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:6622.48px;white-space:nowrap">discuss,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:7218.16px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:7390px;white-space:nowrap">part,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:7765.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:8041.51px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:8998.45px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:9185.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:9460.69px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8448px;left:10062.6px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:314.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:589.76px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:1259.51px;white-space:nowrap">evaluation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2038.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2225.57px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:2608.13px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:3467.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:3659.8px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:3935.31px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:4537.23px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:4972.91px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:5494.34px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:5698.5px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:6525.05px;white-space:nowrap">teams.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:7088.08px;white-space:nowrap">At
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:7295.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:7570.96px;white-space:nowrap">April
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:7952.87px;white-space:nowrap">Meeting,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:8640.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:8915.9px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:9387.09px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8640px;left:10107.25px;white-space:nowrap">asked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:0px;white-space:nowrap">questions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:731.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:1046.07px;letter-spacing:-0.29px;white-space:nowrap">requested
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:1813.42px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:2571.65px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:3436.43px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:3759.15px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:4070.34px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:4757.7px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:4997.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:5273.05px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8832px;left:5620.09px;white-space:nowrap">Meeting.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:314.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:1281.11px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:1752.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:2472.46px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:2860.62px;white-space:nowrap">advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:3456.29px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:3675.65px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:4638.68px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:5029.71px;white-space:nowrap">counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:5619.63px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:6129.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:6404.58px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:6920.42px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:7424.09px;letter-spacing:-0.36px;white-space:nowrap">process
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:8013.85px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:8209.52px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:8535.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:8730.96px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:9575.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9168px;left:9850.78px;letter-spacing:-2.45px;white-space:nowrap">year,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:0px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:699.19px;white-space:nowrap">meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:1336.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:1507.98px;white-space:nowrap">executive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:2231.18px;white-space:nowrap">sessions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:2859.49px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:3199.96px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:3567.64px;white-space:nowrap">counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:4157.56px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:4338.19px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:4791.63px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:5019.95px;letter-spacing:-0.36px;white-space:nowrap">representatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:6148.57px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:6521.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:6797.37px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:7375.12px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:7567.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:7843.11px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:8749.82px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:9137.98px;letter-spacing:-0.32px;white-space:nowrap">present.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9360px;left:9807.57px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:0px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:835.83px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:1176.3px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:1543.34px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:2059.17px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:2598.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:2874.05px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:3840.92px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:4312.11px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:5032.27px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:5361.22px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:6013.22px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:6140.74px;white-space:nowrap">memorandum
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:7189.85px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:7563.12px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:8526.15px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:8917.19px;white-space:nowrap">counsel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:9507.1px;white-space:nowrap">outlining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9552px;left:10179.41px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">fiduciary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:645.91px;white-space:nowrap">duties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:1125.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:1439.98px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:1831.02px;letter-spacing:-0.29px;white-space:nowrap">standards
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:2565.73px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:2737.57px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:3466.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:3741.88px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:4402.67px;letter-spacing:-0.24px;white-space:nowrap">Agreements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:5362.82px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:6062.01px;white-space:nowrap">guidance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:6767.44px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:7140.72px;white-space:nowrap">court
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:7982.31px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:8764.54px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9744px;left:9398.61px;white-space:nowrap">fees.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:314.24px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:1514.54px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:2184.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:2459.65px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:3120.44px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:4036.11px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:4347.31px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:4628.75px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:5108.9px;white-space:nowrap">on
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:6652.56px;letter-spacing:-1.84px;white-space:nowrap">factor,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:7135.43px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:7419.75px;white-space:nowrap">rather
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:7884.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:8160.06px;white-space:nowrap">decision
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10080px;left:9472.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:0px;letter-spacing:-0.21px;white-space:nowrap">comprehensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:1129.27px;white-space:nowrap">consideration
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:2530.53px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:4358.18px;white-space:nowrap">to
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:5815.76px;white-space:nowrap">committees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:6695.59px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:7539.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:7815.41px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:8162.13px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:8357.81px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:8683.56px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:8879.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:9154.76px;white-space:nowrap">materials
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10272px;left:9841.79px;letter-spacing:-0.64px;white-space:nowrap">prepared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">specifically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:814.87px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:986.71px;white-space:nowrap">connection
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:2163.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:2438.53px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:3037.08px;letter-spacing:-0.32px;white-space:nowrap">process.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:3715.8px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:4030.03px;white-space:nowrap">contractual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:4865.38px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:5893.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:6160.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:6287.61px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:6719.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:6906.64px;white-space:nowrap">multiple
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:7531.43px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:7946.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:8133.02px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:8672.38px;white-space:nowrap">negotiation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10464px;left:9537.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:0px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:864.78px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:1552.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:1723.97px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:2559.8px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:2900.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:3175.79px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:3738.99px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:4254.82px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:4758.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:4945.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:5220.73px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:5822.65px;white-space:nowrap">funds&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:6299.93px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:6934px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:7961.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:8276.22px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:8981.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:9167.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:9443.41px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10656px;left:10045.32px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:0px;white-space:nowrap">Each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:388.48px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:859.67px;white-space:nowrap">Member
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:1511.67px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:1852.62px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:2235.18px;white-space:nowrap">attributed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:2987.01px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:3629.72px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:4074.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:4260.91px;white-space:nowrap">importance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:5117.06px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:5309.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:5585.05px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:6133.2px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:6654.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:6968.71px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:7833.49px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:8669.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:8841px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:9676.83px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10848px;left:10017.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:0px;letter-spacing:-0.32px;white-space:nowrap">approval
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:666.71px;letter-spacing:-0.36px;white-space:nowrap">process
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:1256.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:1570.7px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:1911.66px;white-space:nowrap">place
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:2341.42px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:2984.13px;white-space:nowrap">emphasis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:3698.36px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:3926.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:4202.2px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:4815.47px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:5680.25px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:6026.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:6219.45px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:6566.16px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:6738px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:7099.11px;white-space:nowrap">of,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:7330.31px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:7875.74px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:8299.26px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:8823.57px;white-space:nowrap">changing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:9529.01px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11040px;left:10065.16px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:0px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:741.11px;white-space:nowrap">conditions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:1615.18px;white-space:nowrap">A
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:1769.42px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:2456.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:2643.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:2919.16px;white-space:nowrap">principal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:3576.59px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:4097.86px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:4412.1px;letter-spacing:0.22px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:5321.36px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:5605.68px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:5887.11px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:6091.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:6366.95px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:6932.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:7208.22px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:7679.41px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:8515.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:8686.92px;white-space:nowrap">deciding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:9356.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:9548.99px;letter-spacing:-0.48px;white-space:nowrap">renew
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11232px;left:10026.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:0px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:660.79px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:1576.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:1727.5px;white-space:nowrap">set
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:1982.21px;white-space:nowrap">forth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11424px;left:2364.13px;letter-spacing:-1.26px;white-space:nowrap">below. </div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">81</div></div> </div>
<div style="height:638.63px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.761px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.08px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:0px;white-space:nowrap">A.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:270px;letter-spacing:-0.49px;white-space:nowrap">Nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:1113.24px;white-space:nowrap">Extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:1854.63px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:2302.76px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:3113.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:-3.08px;left:3390.64px;white-space:nowrap">Services</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:175.68px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:957.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:1233.43px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:1831.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:2018.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:2294.22px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:2955px;letter-spacing:-0.24px;white-space:nowrap">Agreements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:3915.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:4190.67px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:5157.55px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:5628.74px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:6348.89px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:7000.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:7315.13px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:8150.8px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:9015.58px;letter-spacing:-0.58px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:9753.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:380.04px;left:10028.69px;letter-spacing:-0.36px;white-space:nowrap">nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:0px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:494.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:808.95px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:1330.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:1516.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:1792.46px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:2577.57px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:2986.69px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:3656.44px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:4260.91px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:4948.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:5140.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:5416.25px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:6189.53px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:6598.65px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:6939.12px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:7649.67px;white-space:nowrap">focus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:8070.62px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:8298.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:8574.46px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:9178.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:572.04px;left:9493.17px;white-space:nowrap">enhancements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:0px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:192.48px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:829.91px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:1022.39px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:1390.07px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:1994.54px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:2681.89px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:3191.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:3466.84px;white-space:nowrap">last
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:3754.04px;letter-spacing:-2.45px;white-space:nowrap">year.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:4174.99px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:4489.23px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:5456.1px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:5927.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:6647.45px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:7483.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:7758.64px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:8589.03px;white-space:nowrap">Management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:764.04px;left:9585.02px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:314.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:589.76px;white-space:nowrap">Sub-Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:1579.5px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:2495.17px;white-space:nowrap">separately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:3271.32px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:3443.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:3718.68px;white-space:nowrap">course
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:4234.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:4421.07px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:4788.1px;letter-spacing:-1.46px;white-space:nowrap">review.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:5371.94px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:5751.77px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:6044.89px;letter-spacing:-0.29px;white-space:nowrap">approach,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:6806.64px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:7159.27px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:7994.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:8270.46px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:9043.74px;letter-spacing:-0.48px;white-space:nowrap">roles
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:9428.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:9615.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:956.04px;left:9891.08px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:314.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:589.76px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:1496.46px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:1668.3px;letter-spacing:-0.29px;white-space:nowrap">providing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:2394.05px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:2998.53px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:3191px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1148.04px;left:3466.52px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:785.43px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:1621.1px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:1943.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:2219.34px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:2797.09px;letter-spacing:-0.32px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:3454.84px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:3582.36px;white-space:nowrap">wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:3967.47px;white-space:nowrap">array
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:4361.39px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:4548.1px;white-space:nowrap">management,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:5582.5px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:6287.44px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:6601.68px;white-space:nowrap">administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:7644.06px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:8248.54px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:8441.01px;white-space:nowrap">manage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:9063.57px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:9377.81px;white-space:nowrap">operate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1484.04px;left:9982.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:601.92px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:1037.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:1351.83px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:1674.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:1950.07px;white-space:nowrap">scope
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:2421.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:2735.66px;white-space:nowrap">complexity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:3559.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:3746.04px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:4178.68px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:4827.63px;white-space:nowrap">along
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:5275.15px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:5615.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:5891.14px;white-space:nowrap">undertakings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:6859.93px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:7505.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:7692.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:7967.92px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:8545.67px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:8717.5px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:9553.33px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1676.04px;left:9893.81px;letter-spacing:-0.29px;white-space:nowrap">providing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:0px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:432.64px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:1081.59px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:1464.15px;white-space:nowrap">expanded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:2228.94px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:2587.5px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:2948.77px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:3144.45px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:3271.97px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:3704.28px;white-space:nowrap">of,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:3935.48px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:4480.92px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:4904.43px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:5428.74px;letter-spacing:-1.47px;white-space:nowrap">regulatory,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:6228.57px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:6764.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:7078.96px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:7502.48px;white-space:nowrap">developments.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:8655.26px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:8969.5px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:9440.7px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1868.04px;left:9908.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:669.75px;white-space:nowrap">dedication
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:1472.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:1659.34px;letter-spacing:-0.52px;white-space:nowrap">resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:2423.97px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:2829.72px;white-space:nowrap">personnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:3582.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:3896.59px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:4411.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:4726.18px;white-space:nowrap">commitment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:5674.17px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:5866.65px;white-space:nowrap">continuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:6666.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:6859.11px;white-space:nowrap">develop
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:7487.42px;letter-spacing:-0.22px;white-space:nowrap">improvements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:8551.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:8865.33px;white-space:nowrap">innovations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:9724.68px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2060.04px;left:10047.39px;white-space:nowrap">seek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:192.48px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:841.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:1117.43px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:1719.35px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:2086.87px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:2741.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:3056.14px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:3467.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:3743.49px;white-space:nowrap">needs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:4220.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:4407.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:4683px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:5284.92px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:5720.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:5892.44px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:6108.92px;letter-spacing:-0.22px;white-space:nowrap">increasingly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:6988.91px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:7643.94px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:8414.01px;letter-spacing:-0.22px;white-space:nowrap">environment.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:9442.32px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2252.04px;left:9756.56px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:651.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:966.23px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:1656.63px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:2521.41px;letter-spacing:-0.52px;white-space:nowrap">regarding,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:3303.48px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:3848.92px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:4272.43px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:4796.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:5072.26px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:5742.01px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:6568.56px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:7273.51px;letter-spacing:-0.16px;white-space:nowrap">responsibilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:8419.57px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:9189.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2444.04px;left:9503.88px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:0px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:648.95px;white-space:nowrap">administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:1691.34px;white-space:nowrap">duties
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:2171.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:2485.41px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2636.04px;left:2908.92px;white-space:nowrap">services.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:785.43px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:1621.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:1896.62px;letter-spacing:-0.36px;white-space:nowrap">breadth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:2500.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:2815.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:3090.69px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:3611.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:3798.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:4074.2px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:4678.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:4954.19px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:5531.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:5846.18px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:6050.33px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:6598.48px;white-space:nowrap">teams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:7072.56px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:7662.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:7833.99px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:8663.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2972.04px;left:8939.26px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:0px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:989.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:1176.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:1452.15px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:2054.06px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:2534.22px;white-space:nowrap">including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:3277.89px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:3823.33px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:4246.84px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:4771.15px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:5600.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:5915.14px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:6643.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:6919.45px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:7523.93px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:8211.28px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:8430.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:8706.15px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3164.04px;left:9254.3px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:192.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:467.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:1069.91px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:1505.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:1819.83px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:2186.86px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:3013.41px;white-space:nowrap">teams;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:3531.97px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:4314.2px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:4681.71px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:5638.66px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:5952.9px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:6489.05px;white-space:nowrap">conditions;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:7318.64px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:8148.39px;white-space:nowrap">operational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:9007.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3356.04px;left:9321.65px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:0px;white-space:nowrap">risks;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:393.91px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:1176.15px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:2002.7px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:2739.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:3054.2px;letter-spacing:-0.22px;white-space:nowrap">recommending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:4183.31px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:4476.91px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:5114.35px;letter-spacing:-0.32px;white-space:nowrap">thereto;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:5721.54px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:6480.25px;white-space:nowrap">liquidity;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:7137.52px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:7896.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:8171.75px;white-space:nowrap">daily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:8550.94px;white-space:nowrap">valuation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:9241.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3548.04px;left:9428.05px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:0px;white-space:nowrap">securities;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:752.31px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:1582.06px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:2002.53px;white-space:nowrap">execution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:2743.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:3057.72px;white-space:nowrap">securities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:3765.55px;white-space:nowrap">lending;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:4393.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:4707.95px;white-space:nowrap">setting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:5240.9px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:5555.14px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:6313.85px;white-space:nowrap">distributions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:7237.51px;white-space:nowrap">consistent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:8001.82px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:8342.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:8617.81px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:9391.08px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3740.04px;left:9850.6px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:0px;white-space:nowrap">design.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:613.44px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:993.27px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:1562.06px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:1754.54px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:2593.25px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:3073.4px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:3441.08px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:4045.55px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:4374.51px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:4937.54px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:5696.26px;white-space:nowrap">leverage;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:6401.53px;white-space:nowrap">monitoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:7230.8px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:7636.71px;white-space:nowrap">coverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:8342.14px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:8786.62px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:9026.45px;white-space:nowrap">leveraged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:9785px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3932.04px;left:10220.68px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:0px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:865.43px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:1205.9px;white-space:nowrap">rating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:1664.78px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:2222.21px;white-space:nowrap">criteria;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:2796.44px;letter-spacing:-0.29px;white-space:nowrap">providing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:3522.19px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:4037.54px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:5027.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:5341.69px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:6115.28px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:6651.44px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:7255.91px;white-space:nowrap">(such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:7665.19px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:7860.86px;white-space:nowrap">implementing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:8897.65px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:9570.6px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4124.04px;left:9994.44px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:0px;letter-spacing:-0.26px;white-space:nowrap">offerings,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:711.03px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:1226.38px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:1697.09px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:2422.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:2737.08px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:3410.03px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:3833.87px;letter-spacing:-0.41px;white-space:nowrap">repurchases);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:4814.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:5129.22px;white-space:nowrap">maintaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:6009.05px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:6136.57px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:6975.28px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:7342.8px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:7949.99px;letter-spacing:-0.29px;white-space:nowrap">relations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:8598.62px;letter-spacing:-0.32px;white-space:nowrap">program.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:9345.17px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:9659.41px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4316.04px;left:10130.6px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:690.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:965.91px;letter-spacing:-0.29px;white-space:nowrap">structure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:1632.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:1818.86px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:2645.41px;white-space:nowrap">personnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:3398.04px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:4453.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:4639.78px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:5022.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:5431.46px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:6009.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:6323.45px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:7159.12px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:7781.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:8056.71px;letter-spacing:-0.29px;white-space:nowrap">structure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:8722.94px;letter-spacing:-0.32px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4508.04px;left:9380.69px;letter-spacing:-0.24px;white-space:nowrap">appropriate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:0px;white-space:nowrap">incentives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:752.63px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:945.11px;white-space:nowrap">attract
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:1445.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:1759.49px;white-space:nowrap">maintain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:2414.21px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:3077.88px;white-space:nowrap">personnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:3830.51px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:4144.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:4337.22px;white-space:nowrap">act
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:4594.98px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:4766.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:5042.34px;white-space:nowrap">best
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:5394.81px;letter-spacing:-0.29px;white-space:nowrap">interests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:6037.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:6224.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:6499.6px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:7272.87px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4700.04px;left:7874.79px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:0px;white-space:nowrap">Given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:462.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:737.92px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:1339.83px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:1775.51px;white-space:nowrap">operate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:2379.82px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:2551.66px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:2679.18px;white-space:nowrap">highly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:3153.25px;letter-spacing:-0.29px;white-space:nowrap">regulated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:3884.93px;letter-spacing:-1.47px;white-space:nowrap">industry,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:4524.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:4800.28px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:5271.47px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:5789.54px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:6625.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:6900.73px;white-space:nowrap">extensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:7614.96px;white-space:nowrap">compliance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:8524.87px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:9294.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5036.04px;left:9609.18px;white-space:nowrap">administrative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:0px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:604.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:879.99px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:1457.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:1771.98px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:1976.14px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:2524.29px;white-space:nowrap">teams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:2998.36px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:3587.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:3780.43px;white-space:nowrap">manage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:4402.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:4717.22px;white-space:nowrap">operate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:5321.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:5597.05px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:6198.97px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:6723.61px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:7037.85px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:7509.04px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:8344.71px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:8712.39px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5228.04px;left:9316.86px;white-space:nowrap">included,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:0px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:284.32px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:672.47px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:953.91px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:1489.74px;white-space:nowrap">to,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:1726.69px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:2485.41px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:3350.84px;white-space:nowrap">policies;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:3981.87px;white-space:nowrap">monitoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:4811.13px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:5676.56px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:6017.04px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:6802.15px;white-space:nowrap">policies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:7433.18px;white-space:nowrap">laws
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:7782.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:8097.01px;letter-spacing:-0.22px;white-space:nowrap">regulations;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:8976.84px;white-space:nowrap">devising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5420.04px;left:9616.83px;letter-spacing:0.32px;white-space:nowrap">internal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:0px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:865.43px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:1591.18px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:1763.02px;white-space:nowrap">seeking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:2355.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:2548.29px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:3197.73px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:4063.16px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:4403.63px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:5173.7px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:6157.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:6471.45px;letter-spacing:-0.32px;white-space:nowrap">creating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:7093.52px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:7221.04px;white-space:nowrap">framework
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:8014.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:8207.42px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:8711.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:9025.33px;white-space:nowrap">assess
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5612.04px;left:9514.45px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:0px;letter-spacing:-0.29px;white-space:nowrap">programs;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:770.23px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:1599.98px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:2459.17px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:3324.6px;white-space:nowrap">testing;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:3902.03px;letter-spacing:-0.29px;white-space:nowrap">preparing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:4642.5px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:5507.93px;white-space:nowrap">training
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:6094.16px;white-space:nowrap">materials;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:6825.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:7139.91px;letter-spacing:-0.26px;white-space:nowrap">responding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:7996.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:8188.7px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:8958.76px;letter-spacing:-0.29px;white-space:nowrap">requests.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:9696.52px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5804.04px;left:10010.76px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:0px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:690.39px;white-space:nowrap">highlights
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:1433.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:1620.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:1895.98px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:2444.13px;white-space:nowrap">initiatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:3154.68px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:3756.59px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:4622.02px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:4936.26px;white-space:nowrap">taken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:5371.94px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:5543.78px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:5944.1px;white-space:nowrap">including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:6687.77px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:7233.2px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:7656.72px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:8181.03px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:8939.26px;white-space:nowrap">due
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:9259.42px;white-space:nowrap">diligence
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5996.04px;left:9958.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:0px;white-space:nowrap">service
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:536.31px;letter-spacing:-0.29px;white-space:nowrap">providers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:1247.18px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:1442.86px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:1809.9px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:2550.36px;letter-spacing:-0.22px;white-space:nowrap">environments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:3557.87px;white-space:nowrap">evolve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:4067.79px;white-space:nowrap">post-Covid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:4900.25px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:5092.73px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:5507.6px;white-space:nowrap">hybrid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:6005.2px;white-space:nowrap">in-person
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:6722.15px;white-space:nowrap">working
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:7332.38px;white-space:nowrap">arrangements;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:8404.85px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:9299.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6188.04px;left:9471.39px;white-space:nowrap">supporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:314.24px;white-space:nowrap">expanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:1117.43px;letter-spacing:0.21px;white-space:nowrap">international
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:2056.14px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:2612.77px;white-space:nowrap">capabilities;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:3504.27px;white-space:nowrap">continuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:4304.26px;letter-spacing:-0.36px;white-space:nowrap">efforts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:4798.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:4991.29px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:5640.73px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:6227.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:6541.52px;letter-spacing:-0.32px;white-space:nowrap">controls
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:7151.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:7344.22px;letter-spacing:-0.36px;white-space:nowrap">address
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:7942.78px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:8808.21px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:9157.64px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6380.04px;left:9856.83px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:0px;letter-spacing:-0.36px;white-space:nowrap">related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:544.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:737.43px;letter-spacing:-0.19px;white-space:nowrap">environmental,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:1842.7px;white-space:nowrap">social
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:2287.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:2601.41px;letter-spacing:0.26px;white-space:nowrap">governance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:3487.64px;white-space:nowrap">(&#8220;ESG&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:4089.71px;white-space:nowrap">matters
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:4670.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:4984.26px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:5322.18px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:6092.25px;white-space:nowrap">developments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:7156.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:7348.55px;white-space:nowrap">guidance;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:8098.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:8412.71px;white-space:nowrap">establishing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:9307.25px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6572.04px;left:9621.49px;white-space:nowrap">maintaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:0px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:865.43px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:1451.98px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:1766.22px;letter-spacing:-0.21px;white-space:nowrap">comprehensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:2895.49px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:3760.92px;white-space:nowrap">training
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:4347.15px;letter-spacing:-0.29px;white-space:nowrap">programs.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:5161.86px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:5476.1px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:5947.29px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:6276.25px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:7111.92px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:7976.7px;letter-spacing:-0.58px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:8714.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:8989.81px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6764.04px;left:9659.56px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:0px;letter-spacing:-1.23px;white-space:nowrap">continuity,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:773.27px;white-space:nowrap">disaster
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:1368.46px;letter-spacing:-0.32px;white-space:nowrap">recovery
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:2020.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:2334.69px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:3199.47px;white-space:nowrap">security
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:3788.9px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:4514.65px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:4828.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:5104.41px;white-space:nowrap">periodic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:5735.28px;white-space:nowrap">testing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:6268.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:6582.47px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:7086.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:7272.86px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6956.04px;left:7640.54px;letter-spacing:-0.32px;white-space:nowrap">programs.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:175.68px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:812.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:1004.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:1280.46px;white-space:nowrap">above
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:1766.7px;white-space:nowrap">functions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:2501.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:2777.08px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:3248.28px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:4083.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:4359.47px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:4880.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:5194.98px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:5689.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:5876.41px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:6299.92px;white-space:nowrap">non-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:7260.07px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:7864.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:8140.06px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:8717.81px;letter-spacing:-0.32px;white-space:nowrap">provides
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7292.04px;left:9375.56px;white-space:nowrap">including,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:0px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:545.43px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:968.95px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:1493.26px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:2041.41px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:2408.93px;white-space:nowrap">administration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:3469.07px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:4073.54px;white-space:nowrap">(such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:4482.82px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:4678.5px;letter-spacing:-0.26px;white-space:nowrap">preparing,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:5463.45px;white-space:nowrap">overseeing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:6293.2px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:6485.68px;white-space:nowrap">assisting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:7134.31px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:7474.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:7750.3px;letter-spacing:-0.24px;white-space:nowrap">preparation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:8624.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:8810.76px;white-space:nowrap">tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:9068.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7484.04px;left:9382.76px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">filings);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:548.15px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:1152.46px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:2142.38px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:2746.85px;white-space:nowrap">(such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:3156.13px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:3351.8px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:4134.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:4448.27px;white-space:nowrap">enhancing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:5233.87px;letter-spacing:-0.32px;white-space:nowrap">products
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:5906.34px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:6220.58px;white-space:nowrap">strategies);
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:7043.93px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:7434.96px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:8033.19px;white-space:nowrap">services;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:8682.14px;letter-spacing:-0.24px;white-space:nowrap">shareholder
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:9568.05px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7676.04px;left:10172.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:0px;white-space:nowrap">transfer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:580.31px;white-space:nowrap">agency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:1137.75px;white-space:nowrap">function
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:1759.98px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:2464.93px;white-space:nowrap">services;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:3113.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:3428.12px;letter-spacing:-0.48px;white-space:nowrap">board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:3896.27px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:4494.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:4808.74px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:5516.41px;white-space:nowrap">services.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:6209.84px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:6589.67px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:7158.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:7350.94px;letter-spacing:-0.48px;white-space:nowrap">board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:7819.1px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:8417.33px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:9066.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:9341.8px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:9812.99px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7868.04px;left:10503.38px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:0px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:687.51px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:874.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:1149.75px;white-space:nowrap">annual,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:1710.06px;letter-spacing:-1.34px;white-space:nowrap">quarterly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:2417.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:2732.13px;white-space:nowrap">special
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:3268.44px;letter-spacing:-0.36px;white-space:nowrap">reports
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:3819.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:4094.67px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:4672.42px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:5193.86px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:5398.01px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:6026px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:6713.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:6905.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:7181.35px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:7652.54px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8060.04px;left:8496.85px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:785.43px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:1303.5px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:2394.21px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:2942.36px;white-space:nowrap">initiatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:3652.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:3928.43px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:4506.18px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:4820.42px;white-space:nowrap">undertaken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:5673.85px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:5866.33px;white-space:nowrap">continued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:6627.92px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:6799.76px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:7200.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:7371.91px;white-space:nowrap">seeking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:7964.71px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:8157.19px;letter-spacing:-0.36px;white-space:nowrap">improve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:8785.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:9060.85px;letter-spacing:-0.21px;white-space:nowrap">effectiveness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8396.04px;left:10024.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:204.16px;letter-spacing:-0.21px;white-space:nowrap">organization,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:1172.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:1448.46px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:2050.38px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:2486.05px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:3090.37px;white-space:nowrap">line-up
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:3629.56px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:3825.24px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:4150.99px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:4346.67px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:5057.22px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:5659.14px;white-space:nowrap">fund(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:6178.01px;letter-spacing:-0.32px;white-space:nowrap">through,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:6829.85px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:7375.28px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:7798.79px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:8323.11px;white-space:nowrap">rationalizing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:9232.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8588.04px;left:9507.73px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:0px;white-space:nowrap">line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:299.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:613.44px;white-space:nowrap">gaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:1191.19px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">efficiencies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:2021.1px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:2628.45px;letter-spacing:-0.32px;white-space:nowrap">mergers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:3300.93px;letter-spacing:-0.19px;white-space:nowrap">repositionings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:4352.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:4666.67px;white-space:nowrap">liquidations;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:5581.86px;white-space:nowrap">launching
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:6316.89px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:6654.81px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:7134.96px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:7863.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:8177.99px;white-space:nowrap">updating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:8868.23px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8780.04px;left:9694.78px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:314.24px;white-space:nowrap">benchmarks;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:1262.71px;letter-spacing:-0.29px;white-space:nowrap">reopening
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:2042.06px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:2569.26px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:3004.93px;letter-spacing:-0.26px;white-space:nowrap">previously
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:3769.4px;white-space:nowrap">closed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:4279.16px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:4471.63px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:4809.55px;white-space:nowrap">investors;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:5529.38px;white-space:nowrap">adding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:6077.53px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:6270.01px;white-space:nowrap">modifying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:7031.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:7306.95px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:7730.79px;white-space:nowrap">classes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:8267.27px;letter-spacing:-0.72px;white-space:nowrap">offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:8824.38px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:9043.74px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8972.04px;left:9570.93px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:0px;white-space:nowrap">implementing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:1036.79px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:1306.55px;white-space:nowrap">waivers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:1875.34px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:2189.58px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:2832.93px;white-space:nowrap">cap
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:3135.33px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:3772.77px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:4012.6px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:4539.79px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:4975.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:5289.71px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:6071.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:6386.18px;white-space:nowrap">adjusting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:7085.21px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:7742.47px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:8732.38px;white-space:nowrap">teams
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:9206.46px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9164.04px;left:9402.14px;letter-spacing:-0.24px;white-space:nowrap">appropriate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:239.83px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:787.99px;white-space:nowrap">funds;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:1268.14px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:1582.38px;white-space:nowrap">developing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:2435.81px;white-space:nowrap">policy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:2903.96px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:3591.15px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:3819.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:3946.99px;letter-spacing:-0.48px;white-space:nowrap">broad
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:4415.14px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:4871.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:5058.17px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:5828.24px;letter-spacing:-0.29px;white-space:nowrap">proposals
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:6565.99px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:6888.71px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:7229.66px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:7759.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:8035.41px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:8471.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:8785.33px;white-space:nowrap">communicating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9356.04px;left:9929.15px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:0px;white-space:nowrap">lawmakers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:788.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:1102.39px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:1525.9px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:2295.97px;white-space:nowrap">authorities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:3089.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:3282.03px;white-space:nowrap">help
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:3640.59px;letter-spacing:-0.41px;white-space:nowrap">ensure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:4159.31px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:4591.94px;white-space:nowrap">positions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:5279.13px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9548.04px;left:5545.85px;letter-spacing:-0.48px;white-space:nowrap">represented.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:0px;white-space:nowrap">Aside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:447.51px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:820.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:1096.31px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:1700.78px;letter-spacing:-0.29px;white-space:nowrap">provided,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:2432.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:2708.13px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:3179.32px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:4014.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:4290.51px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:4918.82px;letter-spacing:-0.58px;white-space:nowrap">resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:5638.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:5825.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:6101.21px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:6678.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:6993.2px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:7197.36px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:7825.35px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:8139.58px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:8506.62px;white-space:nowrap">willingness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:9321.17px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9884.04px;left:9513.64px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:0px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:894.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:1066.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:1342.07px;letter-spacing:-1.23px;white-space:nowrap">technology,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:2216.46px;white-space:nowrap">personnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:2969.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:3283.33px;letter-spacing:-0.19px;white-space:nowrap">infrastructure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:4260.43px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:4452.91px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:5051.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:5326.65px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:5928.57px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:6408.73px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:7107.92px;white-space:nowrap">maintaining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:7987.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:8115.27px;white-space:nowrap">seed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:8503.59px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:9018.94px;white-space:nowrap">budget
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:9587.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10076.04px;left:9780.21px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:0px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:337.92px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:530.39px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:1125.74px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:1561.42px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:2082.85px;white-space:nowrap">facilitate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:2728.28px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:3365.72px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:3605.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:3733.07px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:4506.34px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:4962.82px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:5277.06px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:5748.25px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:6216.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:6491.92px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:7108.24px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:7300.71px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:8254.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:8441.5px;white-space:nowrap">investing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:9125.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:9297.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:9425.17px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:9792.69px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10268.04px;left:10115.4px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:0px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:127.52px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:459.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:645.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:773.27px;letter-spacing:-0.48px;white-space:nowrap">large
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:1176.15px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:1543.66px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:2198.69px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:2539.17px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:2666.69px;white-space:nowrap">variety
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:3182.04px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:3368.75px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:4195.31px;white-space:nowrap">disciplines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:5024.73px;white-space:nowrap">capabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:5916.24px;white-space:nowrap">expertise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:6615.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:6929.51px;letter-spacing:-0.58px;white-space:nowrap">resources
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:7649.66px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:8322.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:8514.77px;white-space:nowrap">navigate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:9169.64px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:9483.88px;white-space:nowrap">support
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10460.04px;left:10082.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:0px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:601.92px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:1037.6px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:1736.79px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:2246.22px;letter-spacing:-0.32px;white-space:nowrap">stressed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:2874.21px;white-space:nowrap">times.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:3392.61px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:3706.85px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:4178.04px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:5013.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:5289.23px;white-space:nowrap">overall
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:5807.62px;letter-spacing:-0.26px;white-space:nowrap">reputation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:6589.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:6903.77px;white-space:nowrap">capabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:7750.79px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:7937.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:8213.03px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:8790.78px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:9105.02px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:9309.17px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">affiliates,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10652.04px;left:9981.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:0px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:669.75px;white-space:nowrap">continuing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:1469.74px;white-space:nowrap">commitment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:2417.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:2610.2px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:3199.79px;white-space:nowrap">high
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:3558.35px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:4079.62px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:4728.58px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:4932.73px;white-space:nowrap">willingness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:5747.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:5939.76px;white-space:nowrap">implement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:6751.43px;white-space:nowrap">operational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:7610.45px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:7802.93px;letter-spacing:-0.19px;white-space:nowrap">organizational
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:8848.67px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:9486.11px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10844.04px;left:9657.95px;white-space:nowrap">seeking,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:0px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:545.43px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:968.95px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:1493.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:1685.74px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:2335.18px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">efficiencies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:3165.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:3479.33px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:4083.8px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:4276.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:4551.79px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:5153.71px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:5589.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:5903.63px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:6107.78px;letter-spacing:-0.19px;white-space:nowrap">responsiveness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:7228.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:7420.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:7696.08px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:8259.28px;white-space:nowrap">questions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:8991.11px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:9512.54px;letter-spacing:0.32px;white-space:nowrap">concerns
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11036.04px;left:10197.17px;white-space:nowrap">raised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:0px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:844.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:1119.83px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:1466.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:1780.78px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:2290.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:2565.73px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:3081.57px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:3585.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:3771.96px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:4406.03px;letter-spacing:-0.24px;white-space:nowrap">agreements.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:5383.94px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:5698.18px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:6169.38px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:6498.33px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:7334px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:7609.52px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:8373.83px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:8723.26px;letter-spacing:0.48px;white-space:nowrap">borne
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:9194.29px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:9413.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:9689.17px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11228.04px;left:10266.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:0px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:204.16px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:832.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:1003.98px;white-space:nowrap">connection
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:1839.81px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:2180.29px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:2547.32px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:3151.79px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:3344.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:3619.79px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:4221.71px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:4701.86px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:5401.05px;letter-spacing:-0.36px;white-space:nowrap">entrepreneurial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:6532.56px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:6882px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:7053.84px;white-space:nowrap">sponsoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:7889.34px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:8227.26px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:8662.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:8977.18px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:9623.25px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11420.04px;left:9972.68px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:0px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:758.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:1034.23px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:1469.91px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:1837.59px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:2033.26px;white-space:nowrap">investment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:2904.29px;white-space:nowrap">operational,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:3807.8px;letter-spacing:-0.21px;white-space:nowrap">reputational,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:4755.63px;letter-spacing:-1.47px;white-space:nowrap">regulatory,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:5555.46px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:6420.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:6735.12px;white-space:nowrap">litigation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11612.04px;left:7404.07px;white-space:nowrap">risks.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:785.43px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:1303.5px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:2139.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:2414.69px;white-space:nowrap">division
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:3001.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:3187.96px;letter-spacing:-0.17px;white-space:nowrap">responsibilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:4289.54px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:4956.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:5231.77px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:5809.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:6123.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:6399.28px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:7305.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:7620.23px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:8455.9px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:8778.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:9054.13px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:9960.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11948.04px;left:10275.08px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:826.55px;white-space:nowrap">personnel
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:1579.18px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:2278.37px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:2545.09px;letter-spacing:-0.24px;white-space:nowrap">responsible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:3410.2px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:3650.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:3925.55px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:4915.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:5102.18px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:5484.74px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:5985.86px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:6643.12px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:7105.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:7380.88px;white-space:nowrap">oversight
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:8085.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:8272.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:8548.06px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:9125.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:9440.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:9715.57px;letter-spacing:-0.41px;white-space:nowrap">Board.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12140.04px;left:10275.72px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:471.19px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:1306.87px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:1523.34px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:2113.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:2299.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:2575.33px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:3482.04px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:4169.39px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:4388.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:4664.27px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:5242.02px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:5695.45px;white-space:nowrap">included,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:6400.73px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:6946.16px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:7369.68px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:7893.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:8169.51px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:8643.58px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:9105.82px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:10095.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12332.04px;left:10282.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:0px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:785.11px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:1611.66px;white-space:nowrap">team
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:2017.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:2331.81px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:2969.25px;letter-spacing:-0.32px;white-space:nowrap">thereto,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:3576.44px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:3703.96px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:4391.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:4578.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:4853.71px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:5638.82px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:6465.37px;white-space:nowrap">team
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:6871.28px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:7185.52px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:7822.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:8015.43px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:8383.11px;white-space:nowrap">team,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:8833.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:9109.03px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12524.04px;left:9935.58px;letter-spacing:-0.36px;white-space:nowrap">process </div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">82</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Annual
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1122.46px;white-space:nowrap">Investment
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2834.18px;white-space:nowrap">Management
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4789.12px;white-space:nowrap">Agreement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6448.75px;white-space:nowrap">Approval
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7846.02px;white-space:nowrap">Process
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:9033.01px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:289.02px;left:0px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:314.24px;white-space:nowrap">philosophy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1143.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1330.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1606.22px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2391.33px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3217.88px;white-space:nowrap">team,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3668.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3943.79px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4900.74px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5087.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5362.97px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5964.89px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6400.57px;white-space:nowrap">sub-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7304.4px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7523.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7799.27px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8705.98px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9064.54px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9612.69px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:186.72px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:547.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:862.23px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:989.75px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1677.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1863.98px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2157.58px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2921.88px;white-space:nowrap">policy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3390.04px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3911.47px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4334.98px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4972.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5164.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5440.41px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6042.33px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6478.01px;white-space:nowrap">sub-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7381.84px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7601.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7876.71px;letter-spacing:-1.13px;white-space:nowrap">Sub-Adviser.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8857.66px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9171.9px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9643.1px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:835.67px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1016.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1291.83px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1638.86px;white-space:nowrap">Meeting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2281.9px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2474.38px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2856.13px;white-space:nowrap">meetings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3561.24px;white-space:nowrap">evaluations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4408.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4595.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4870.98px;letter-spacing:-1.27px;white-space:nowrap">Sub-Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5869.69px;white-space:nowrap">compliance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6735.12px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7460.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7775.11px;white-space:nowrap">trade
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8195.58px;white-space:nowrap">execution.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9025.49px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9339.73px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9810.93px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:10279.08px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:275.52px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:853.27px;letter-spacing:-0.24px;white-space:nowrap">recommended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1943.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2219.5px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2818.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3004.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3280.29px;white-space:nowrap">Sub-Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4270.03px;letter-spacing:-0.26px;white-space:nowrap">Agreements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:0px;white-space:nowrap">Based
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:483.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:711.51px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:915.67px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:1455.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:1730.54px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:2201.74px;letter-spacing:0.24px;white-space:nowrap">determined,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3125.88px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3297.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:3573.24px;letter-spacing:-0.32px;white-space:nowrap">exercise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4195.63px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4382.35px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:4586.51px;letter-spacing:-0.26px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:5413.38px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6065.37px;white-space:nowrap">judgment,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:6844.57px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7167.28px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7303.28px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:7614.47px;text-rendering:optimizeLegibility;white-space:nowrap">satisfied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8242.46px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8582.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:8858.45px;letter-spacing:-0.36px;white-space:nowrap">nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9400.69px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:912px;left:9895.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:0px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:521.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:707.99px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1312.46px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:1999.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2192.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:2467.81px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3241.08px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:3718.35px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4180.59px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:4563.15px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:5348.26px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1104px;left:6009.05px;letter-spacing:-0.29px;white-space:nowrap">Agreement.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:0px;white-space:nowrap">B.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:270px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:713.95px;white-space:nowrap">Investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:1919.75px;letter-spacing:0.33px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:3300.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:3577.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:3980.45px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:4660.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:5108.8px;letter-spacing:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:1464.88px;left:5691.35px;letter-spacing:0px;white-space:nowrap">Advisers</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:175.68px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:957.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:1233.43px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:1754.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:1941.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:2216.93px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:2821.41px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:3508.76px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:3728.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:4003.63px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:4412.75px;white-space:nowrap">Advisers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:5103.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:5378.66px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:5849.85px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:6178.81px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:7014.48px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:7142px;white-space:nowrap">variety
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:7657.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:7844.07px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:8670.62px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:9627.56px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1848px;left:9989px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:275.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:877.44px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:1313.11px;letter-spacing:-0.64px;white-space:nowrap">prepared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:2012.31px;text-rendering:optimizeLegibility;white-space:nowrap">specifically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:2827.18px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:3067.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:3342.53px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:3858.36px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:4362.04px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:4548.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:4824.27px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:5458.34px;letter-spacing:-0.26px;white-space:nowrap">agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:6347.29px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:6542.97px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:6868.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:7064.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:7339.92px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:8296.87px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:8658.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:8933.82px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2040px;left:9405.02px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:0px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:844.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:1119.83px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:1466.54px;letter-spacing:-0.44px;white-space:nowrap">representing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:2411.49px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:3054.21px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:3415.48px;white-space:nowrap">periods.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:4087.95px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:4263.63px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:4556.75px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:5113.7px;white-space:nowrap">leading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:5691.46px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:6011.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:6286.81px;white-space:nowrap">May
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:6633.85px;white-space:nowrap">Meeting,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:7321.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:7596.88px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:8068.07px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:8802.94px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:9348.38px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2232px;left:9771.89px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:409.12px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:1366.06px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:1724.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:2000.14px;letter-spacing:-1.64px;white-space:nowrap">quarter,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:2592.45px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:3007.49px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:3475.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:3789.72px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:4441.71px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:5025.22px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:5570.5px;white-space:nowrap">December&#160;31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:6631.61px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:7031.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:7346.17px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:7832.41px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:8099.29px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:8588.57px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:8764.25px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:9445.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2424px;left:9721.03px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:0px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:690.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:1004.63px;white-space:nowrap">discussed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:1742.54px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:2699.49px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:3060.93px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:3241.56px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:3445.72px;letter-spacing:-0.29px;white-space:nowrap">regularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:4106.19px;white-space:nowrap">scheduled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:4885.7px;white-space:nowrap">quarterly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:5563.77px;white-space:nowrap">meetings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:6268.88px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:6778.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:7053.84px;letter-spacing:-2.45px;white-space:nowrap">year.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:7474.79px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:7789.03px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:8260.22px;letter-spacing:-0.58px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:8956.38px;white-space:nowrap">took
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:9320.85px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2616px;left:9640.68px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:275.52px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:1232.46px;white-space:nowrap">data,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:1638.38px;letter-spacing:-0.21px;white-space:nowrap">presentations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:2645.57px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:2959.8px;white-space:nowrap">discussions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:3801.39px;white-space:nowrap">(written
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:4378.66px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:4692.9px;white-space:nowrap">oral)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:5048.41px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:5371.13px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:5753.69px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:6162.81px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:6850.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:7089.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:7365.51px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:7881.35px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:8385.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:8580.7px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:8906.45px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:9102.13px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:9273.97px;white-space:nowrap">prior
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2808px;left:9655.72px;white-space:nowrap">meetings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:0px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:358.55px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:719.83px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:891.67px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:1673.9px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:2041.42px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:3042.84px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:3742.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:4017.55px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:4687.3px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:5277.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:5463.77px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:5591.29px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:6050.81px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:7007.75px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:7348.23px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:8058.77px;white-space:nowrap">focus
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:8479.73px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:8708.05px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3000px;left:9664.99px;white-space:nowrap">outliers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:0px;white-space:nowrap">(both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:420.79px;letter-spacing:0.18px;white-space:nowrap">overperformance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:1691.81px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:2006.05px;letter-spacing:0.15px;white-space:nowrap">underperformance),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:3466.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:3742.35px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:4263.62px;white-space:nowrap">contributing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:5178.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:5371.12px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:6328.07px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:7068.86px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:7631.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:7824.05px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:7951.56px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:8411.08px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:9246.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:9561.15px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3192px;left:10002.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:275.52px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:805.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:992.47px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:1528.62px;white-space:nowrap">conditions)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:2355.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:2669.56px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:2963.16px;letter-spacing:-0.18px;white-space:nowrap">recommendations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:4293.71px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:4486.18px;white-space:nowrap">steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:4906.82px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:5229.53px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:5543.77px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:5952.89px;white-space:nowrap">taken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:6388.56px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:6581.04px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:6969.2px;letter-spacing:-0.32px;white-space:nowrap">proposed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:7704.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:7896.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:8127.74px;white-space:nowrap">taken
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:8563.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:8755.89px;letter-spacing:-0.36px;white-space:nowrap">address
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3384px;left:9354.45px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:956.95px;letter-spacing:0.29px;white-space:nowrap">concerns.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:1730.54px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:1906.22px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:2199.33px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:2756.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:3031.8px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:3503px;white-space:nowrap">noted,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:4015.63px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:4561.07px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:4984.58px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:5508.89px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:5831.61px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:6358.8px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:6960.72px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:7396.4px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:7710.63px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:8348.07px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:8519.91px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:9177.17px;white-space:nowrap">managers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:9921.01px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3576px;left:10113.48px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:764.31px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:1401.75px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:1594.22px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:1961.25px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:2787.81px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:3525.07px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:3717.55px;white-space:nowrap">policies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:4304.1px;white-space:nowrap">since
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:4710.18px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:5196.41px;white-space:nowrap">2020,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:5641.21px;white-space:nowrap">and,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:5999.93px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:6195.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:6323.13px;letter-spacing:-0.36px;white-space:nowrap">result,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:6799.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:7075.44px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:7546.64px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:8237.03px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:8764.22px;white-space:nowrap">tracking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3768px;left:9377.33px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:0px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:361.44px;white-space:nowrap">comparing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:1173.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:1448.78px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:2405.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:2592.44px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:2960.12px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:3395.8px;letter-spacing:-0.41px;white-space:nowrap">before
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:3908.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:4222.67px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:4592.74px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3960px;left:4960.42px;white-space:nowrap">changes.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:785.43px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:1621.1px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:1943.82px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:2900.76px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:3262.2px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reflects
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:3819.15px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:4776.1px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:5134.65px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:5262.17px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:5949.69px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:6465.04px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:6918.47px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:7259.43px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:7673.98px;text-rendering:optimizeLegibility;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:8553.81px;white-space:nowrap">depending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:9383.56px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:9611.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4296px;left:9887.4px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:0px;white-space:nowrap">dates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:435.52px;white-space:nowrap">selected,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:1125.91px;white-space:nowrap">particularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:1951.97px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:2461.41px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:3044.92px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:3231.63px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:3767.79px;letter-spacing:-1.23px;white-space:nowrap">volatility.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:4478.49px;letter-spacing:-1.64px;white-space:nowrap">Further,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:5067.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:5343.44px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:5814.64px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:6282.79px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:6605.51px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:7559.58px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:7900.53px;white-space:nowrap">evaluate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:8546.61px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:9503.55px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:9983.71px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4488px;left:10212.03px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:0px;white-space:nowrap">own
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:343.84px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:1117.11px;white-space:nowrap">holding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:1706.7px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:2290.21px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:2743.65px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:3084.6px;letter-spacing:-0.41px;white-space:nowrap">differ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:3499.16px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:3872.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:4147.95px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:5104.89px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:5688.4px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:6378.8px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:6598.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:6873.67px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:7344.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:7659.1px;white-space:nowrap">lead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:8011.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:8204.22px;letter-spacing:-0.29px;white-space:nowrap">differing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4680px;left:8843.89px;letter-spacing:-0.36px;white-space:nowrap">results.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:0px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:175.68px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:379.83px;white-space:nowrap">evaluation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:1203.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:1479.18px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:1950.38px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:2640.77px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:3242.69px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:3610.21px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:4567.15px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:5067.62px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:5440.9px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:6083.61px;white-space:nowrap">perspectives.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:7114.64px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:7290.32px;white-space:nowrap">general,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:7918.47px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:8475.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:8667.9px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:9195.09px;white-space:nowrap">exceptions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5016px;left:10057.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:471.19px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:1161.59px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:1540.78px;white-space:nowrap">absolute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:2198.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:2512.77px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:3075.48px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:3443px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:4399.95px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:4909.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:5184.9px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:5700.73px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:6204.41px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:6562.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:6838.48px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:7386.63px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:7747.91px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:8331.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:8645.66px;white-space:nowrap">evaluated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5208px;left:9389.49px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:0px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:500.47px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:672.31px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:1033.43px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:1220.14px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:1347.66px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:1807.18px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:2633.73px;white-space:nowrap">objective(s),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:3528.75px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:4266.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:4580.26px;white-space:nowrap">risks.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:5018.65px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:5398.49px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:5967.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:6159.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:6435.27px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:6997.99px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:7999.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:8274.93px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:8746.12px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5400px;left:9581.79px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:956.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:1128.78px;white-space:nowrap">comparison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:2005.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:2198.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:2473.88px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:3430.83px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:3617.55px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:3990.82px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:4426.5px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:4743.62px;letter-spacing:0.22px;white-space:nowrap">&#8220;Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:5777.68px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:6145.04px;letter-spacing:-0.24px;white-space:nowrap">Group&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:6770.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:7084.71px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:7920.38px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:8441.81px;white-space:nowrap">customized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:9298.12px;white-space:nowrap">benchmarks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5592px;left:10202.11px;white-space:nowrap">(i.e.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:0px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:699.19px;white-space:nowrap">benchmarks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:1603.18px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:2189.74px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:2563.01px;white-space:nowrap">multiple
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:3187.8px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:4023.47px;white-space:nowrap">benchmarks).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:5058.02px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:5233.7px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:5962.49px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:6330.17px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:7257.52px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:8258.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:8534.46px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:9005.65px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:9316.85px;white-space:nowrap">cognizant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5784px;left:10051.72px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:275.52px;letter-spacing:-0.32px;white-space:nowrap">inherent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:906.55px;white-space:nowrap">limitations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:1682.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:1868.93px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:2236.61px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:2598.05px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:3051.48px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:3345.08px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:3775px;white-space:nowrap">meaningful
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:4616.59px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:5573.54px;white-space:nowrap">comparisons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:6518.8px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:7217.99px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">difficult.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:7875.58px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:8097.98px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:8314.46px;white-space:nowrap">illustration,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:9140.36px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:9964.2px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5976px;left:10136.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:0px;white-space:nowrap">composition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:927.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:1114.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:1389.58px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:2340.6px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:2707.96px;letter-spacing:-0.41px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:3253.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:3528.75px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:4355.3px;white-space:nowrap">objective(s),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:5250.33px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:5987.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:6301.84px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:6725.35px;white-space:nowrap">characteristics
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:7770.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:7957.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:8233.01px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:8674.44px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:8846.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:9121.8px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6168px;left:10072.82px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:545.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:820.79px;white-space:nowrap">level,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:1241.59px;white-space:nowrap">type
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:1603.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:1917.26px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:2255.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:2441.73px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:3102.53px;white-space:nowrap">(if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:3274.36px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:3609.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:3796.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:4071.79px;white-space:nowrap">peers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:4557.71px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:4871.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:5147.47px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:5707.46px;white-space:nowrap">sizes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:6083.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:6270.49px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:6711.93px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:6916.24px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:7257.2px;white-space:nowrap">contribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:8036.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:8228.54px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:9052.38px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:9224.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6360px;left:9499.73px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:0px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:500.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:687.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:814.71px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:1765.73px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:2133.09px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:2633.89px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:3404.44px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:3596.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:3872.43px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:4657.54px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:5259.46px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:5715.94px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:6095.77px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:6664.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:6857.04px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:7419.75px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:8376.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:8563.41px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:8690.93px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:9292.85px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6552px;left:9660.37px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:0px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:192.48px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:320px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:1155.83px;white-space:nowrap">index,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:1635.98px;letter-spacing:-0.44px;white-space:nowrap">differences,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:2504.3px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:3049.73px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:3473.24px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:3997.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:4169.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:4444.91px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:5271.46px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:6122.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:6436.25px;white-space:nowrap">strategies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:7173.52px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:7360.23px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:7487.75px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:7855.27px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:8169.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:8445.03px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:9280.86px;white-space:nowrap">(particularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6744px;left:10148.52px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:0px;white-space:nowrap">actively
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:577.75px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:1298.07px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:1665.58px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:1988.3px;white-space:nowrap">does
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:2382.53px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:2663.97px;letter-spacing:-0.32px;white-space:nowrap">directly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:3229.56px;white-space:nowrap">follow
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:3703.47px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:3919.95px;white-space:nowrap">index)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:4397.22px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:4592.9px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:4918.66px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:5114.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:5389.85px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:5795.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:5982.48px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:6722.95px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:6850.47px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:7217.99px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:7697.98px;white-space:nowrap">necessarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:8512.85px;white-space:nowrap">contribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:9291.72px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:9484.19px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6936px;left:10308.03px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:956.95px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:1457.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:1771.66px;white-space:nowrap">limit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:2120.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:2396.29px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:2817.24px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:3003.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:3279.48px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:4206.82px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:5163.77px;letter-spacing:0.22px;white-space:nowrap">information.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:6117.51px;letter-spacing:-5.92px;white-space:nowrap">To
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:6330.95px;white-space:nowrap">assist
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:6754.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:7029.98px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:7501.17px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:7673.01px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:7877.17px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:8380.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:8567.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:8843.08px;white-space:nowrap">comparability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:9856.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7128px;left:10042.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:0px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:562.71px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:1564.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:1839.66px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:2417.41px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:2702.05px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:3235.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:3511px;letter-spacing:-0.29px;white-space:nowrap">relevancy
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:4225.39px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:4412.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:4687.63px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:5060.9px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:5534.98px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:5727.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:6002.97px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:6480.25px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:6675.93px;letter-spacing:-1.76px;white-space:nowrap">low,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:7004.88px;white-space:nowrap">medium
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:7636.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7320px;left:7828.55px;white-space:nowrap">high.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:314.24px;white-space:nowrap">secondary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:1087.83px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:1623.98px;white-space:nowrap">trading
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:2180.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:2367.33px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:2859.33px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:3046.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:3321.56px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:3923.48px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:4762.19px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:5197.87px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:5526.82px;white-space:nowrap">continues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:6258.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:6451.29px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:6682.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:6810.01px;white-space:nowrap">priority
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:7360.39px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:7600.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:7875.74px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:8346.94px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:8782.61px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:8986.77px;white-space:nowrap">importance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7656px;left:9842.92px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:0px;letter-spacing:-0.21px;white-space:nowrap">shareholders,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:998.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:1312.79px;letter-spacing:-0.58px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:2008.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:2284.46px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:2755.65px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:3277.08px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:3481.24px;white-space:nowrap">Closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:4355.47px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:4764.59px;white-space:nowrap">committee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:5576.26px;letter-spacing:-0.36px;white-space:nowrap">reviews
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:6148.09px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:6675.28px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:7632.23px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:7993.66px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">reflecting,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:8752.06px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:9297.49px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:9721px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7848px;left:10245.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:0px;letter-spacing:-0.32px;white-space:nowrap">premiums
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:749.59px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:1063.83px;white-space:nowrap">discounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:1783.82px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:1964.46px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:2417.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:2693.41px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:3185.41px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:3372.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:3647.64px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:4294.04px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:5132.75px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:5568.43px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:5950.99px;white-space:nowrap">traded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:6469.22px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:6827.77px;text-rendering:optimizeLegibility;white-space:nowrap">specified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:7515.29px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:8098.8px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:8943.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:9218.62px;letter-spacing:-2.45px;white-space:nowrap">year.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:9639.58px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:9815.26px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8040px;left:10019.41px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:275.52px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:746.71px;white-space:nowrap">considers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:1511.18px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:2056.62px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:2480.13px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:3004.44px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:3641.88px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:3834.36px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:4660.91px;white-space:nowrap">mandates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:5404.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:5718.98px;white-space:nowrap">guidelines,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:6542.65px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:7398.15px;white-space:nowrap">policies,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:8029.18px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:8689.98px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:9134.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:9448.69px;white-space:nowrap">types;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8232px;left:9922.76px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:0px;letter-spacing:-0.48px;white-space:nowrap">repurchases
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:895.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:1209.27px;white-space:nowrap">similar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:1709.58px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:2224.93px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:2761.09px;white-space:nowrap">actions;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:3353.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:3667.96px;letter-spacing:-0.29px;white-space:nowrap">effective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:4316.91px;white-space:nowrap">communications
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:5526.01px;letter-spacing:-0.32px;white-space:nowrap">programs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:6251.76px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:6444.24px;white-space:nowrap">build
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:6849.99px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:7409.67px;letter-spacing:-0.29px;white-space:nowrap">awareness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:8189.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:8503.42px;white-space:nowrap">deepen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:9099.26px;white-space:nowrap">understanding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8424px;left:10177.64px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:0px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:838.71px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:1363.35px;white-space:nowrap">As
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:1585.74px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:2415.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:2690.85px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:3162.05px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:3997.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:4273.23px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:4803.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:4990.18px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:5650.98px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:5879.29px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:6006.81px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:6608.73px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:7068.25px;letter-spacing:0.22px;white-space:nowrap">performance.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:8114.16px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:8428.39px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:8899.59px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8616px;left:9417.66px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:322.71px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:1279.66px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:1780.13px;white-space:nowrap">should
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:2301.73px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:2864.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:3140.28px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:3995.78px;white-space:nowrap">yields
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:4449.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:4635.77px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:5071.45px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:5394.17px;white-space:nowrap">seek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:5761.84px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:5954.32px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:6543.91px;white-space:nowrap">income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:7113.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:7308.7px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:7640.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:7826.93px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:8193.97px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:9020.52px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8808px;left:9871.06px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:0px;letter-spacing:-0.21px;white-space:nowrap">shareholders.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:1043.03px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:1218.71px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:1511.82px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:2068.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:2344.3px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:2815.49px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:3651.16px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:3973.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:4249.39px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:4539.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:4726.67px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:5387.46px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:5606.82px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:6154.97px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:6590.65px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:6931.61px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:7314.17px;white-space:nowrap">detracted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:8051.59px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:8424.87px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:8791.9px;white-space:nowrap">return
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:9262.61px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9000px;left:10219.56px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:0px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:367.68px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:803.35px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:1161.91px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:1710.06px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:2293.57px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:2465.41px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:3010.36px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:3546.52px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:4376.1px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:4660.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:4935.94px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:5596.73px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:5925.69px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:6236.88px;letter-spacing:-0.29px;white-space:nowrap">accretive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:6915.43px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:7087.27px;white-space:nowrap">helping
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:7670.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:7863.42px;letter-spacing:-0.36px;white-space:nowrap">provide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9192px;left:8453.02px;white-space:nowrap">income.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:785.43px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:1114.39px;white-space:nowrap">evaluated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:1858.22px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:2460.14px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:2827.66px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:3784.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:3956.44px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:4317.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:4504.27px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:5052.42px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:5665.7px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:6186.97px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:6640.4px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:6981.36px;white-space:nowrap">include,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:7588.87px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:8134.31px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:8557.82px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9528px;left:9082.13px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:0px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:536.15px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:1365.74px;text-rendering:optimizeLegibility;letter-spacing:-0.55px;white-space:nowrap">issuer-specific
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:2393.89px;letter-spacing:0.22px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:3303.15px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:3709.06px;white-space:nowrap">class
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:4088.42px;letter-spacing:0.22px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:4997.68px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:5658.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:5972.71px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:6340.23px;white-space:nowrap">cash
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:6701.99px;text-rendering:optimizeLegibility;white-space:nowrap">flows.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:7199.9px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:7514.14px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:7985.33px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:9076.04px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9720px;left:9398.76px;letter-spacing:0.29px;white-space:nowrap">long-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:956.95px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:1398.54px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:1629.74px;white-space:nowrap">impacted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:2346.69px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:2566.05px;white-space:nowrap">even
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:2954.53px;white-space:nowrap">one
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:3271.8px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:3787.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:3973.87px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:4738.18px;letter-spacing:0.19px;white-space:nowrap">outperformance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:5932.08px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:6124.56px;letter-spacing:0.17px;white-space:nowrap">underperformance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:7499.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:7813.5px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:8136.21px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:8263.73px;white-space:nowrap">single
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:8728.85px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:9555.4px;white-space:nowrap">theme
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9912px;left:10056.19px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:0px;letter-spacing:-0.15px;white-space:nowrap">disproportionately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:1353.42px;letter-spacing:-0.41px;white-space:nowrap">affect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:1791.97px;letter-spacing:0.22px;white-space:nowrap">performance.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:2837.88px;letter-spacing:-1.64px;white-space:nowrap">Further,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:3427.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:3702.83px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:4174.02px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:5009.69px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:5332.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:5607.92px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:6144.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:6458.32px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:7199.43px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:7984.53px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:8325.49px;text-rendering:optimizeLegibility;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:9205.32px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:9735.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10104px;left:9863.07px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:0px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:1001.43px;white-space:nowrap">particularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:1827.49px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:2186.04px;white-space:nowrap">shorter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:2730.83px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:3358.83px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:3673.06px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:4040.74px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:4997.69px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:5338.65px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:5569.84px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:5984.72px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reflective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:6677.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:6864.71px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:7232.39px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:7973.5px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:8165.97px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:8702.12px;white-space:nowrap">events
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:9211.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:9526.12px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10296px;left:9807.55px;white-space:nowrap">necessarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reflective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:693.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:879.99px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:1869.9px;white-space:nowrap">skill.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:2263.81px;white-space:nowrap">Although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:2969.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:3244.6px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:3715.8px;letter-spacing:-0.36px;white-space:nowrap">reviews
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:4287.63px;white-space:nowrap">short-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:4788.1px;letter-spacing:0.21px;white-space:nowrap">intermediate-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:5797.84px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:6112.08px;letter-spacing:-0.49px;white-space:nowrap">longer-term
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:6997.51px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:7954.45px;white-space:nowrap">data,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:8360.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:8635.89px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:9107.08px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10488px;left:9942.75px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:0px;white-space:nowrap">longer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:506.55px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:1090.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:1276.78px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:2233.73px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:2574.68px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:3063.48px;white-space:nowrap">full
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:3321.07px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10680px;left:3857.22px;white-space:nowrap">cycles.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:0px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:175.68px;letter-spacing:-0.32px;white-space:nowrap">relation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:756.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:948.63px;letter-spacing:-0.41px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:1440.46px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:2024.14px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:2560.29px;white-space:nowrap">conditions,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:3389.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:3665.39px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:4136.59px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:4450.83px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:5286.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:5562.01px;white-space:nowrap">general
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:6145.69px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:6681.84px;white-space:nowrap">volatility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:7318.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:7632.54px;letter-spacing:0.17px;white-space:nowrap">underperformance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:9007.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:9193.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:9469.48px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11016px;left:10005.63px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:0px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:400.32px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:572.16px;white-space:nowrap">considering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:1449.11px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:2051.03px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:2418.54px;letter-spacing:0.22px;white-space:nowrap">performance.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:3464.45px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:3778.69px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:4249.88px;white-space:nowrap">took
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:4614.35px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:4934.19px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:5541.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:5817.38px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:6487.13px;white-space:nowrap">assessment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:7343.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:7530.32px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:7657.84px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:8117.35px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:9074.3px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:9583.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11208px;left:9859.25px;letter-spacing:-0.41px;white-space:nowrap">recent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:515.35px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:702.07px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:1466.38px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:2002.53px;letter-spacing:-1.23px;white-space:nowrap">volatility.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:2713.23px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:2888.91px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:3255.95px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:3759.62px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:4132.9px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:4479.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:4672.09px;letter-spacing:-2.45px;white-space:nowrap">year,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:5048.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:5324.08px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:5795.28px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:6515.43px;white-space:nowrap">consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:7167.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:7481.5px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:7822.46px;white-space:nowrap">place
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:8252.21px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:8894.92px;white-space:nowrap">emphasis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:9609.16px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11400px;left:9837.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:0px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:613.27px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:1478.06px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:1649.9px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:2011.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:2197.72px;white-space:nowrap">changing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:2903.16px;letter-spacing:-0.21px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:3943.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:4115.15px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:4651.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:4965.54px;white-space:nowrap">economic
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:5706.65px;white-space:nowrap">conditions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:6580.72px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:6756.39px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:7538.63px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:8540.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:8815.57px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:9286.76px;white-space:nowrap">focused
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11592px;left:9894.44px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:0px;white-space:nowrap">attention
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:687.03px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:915.35px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:1351.02px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:1691.5px;white-space:nowrap">less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:1999.65px;white-space:nowrap">favorable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:2707.8px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:3664.75px;letter-spacing:-0.64px;white-space:nowrap">records.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:4325.54px;letter-spacing:-1.64px;white-space:nowrap">However,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:5033.85px;white-space:nowrap">depending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:5863.61px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:6091.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:6367.44px;white-space:nowrap">facts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:6740.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:7054.95px;letter-spacing:-0.21px;white-space:nowrap">circumstances
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:8095.1px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:8794.29px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:9087.89px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11784px;left:9911.73px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:275.52px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:1048.79px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:1416.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:1730.54px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:1934.7px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:2770.53px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:3291.97px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:4242.99px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:4610.35px;letter-spacing:-0.41px;white-space:nowrap">Group,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:5155.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:5431.14px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:5902.33px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:6243.29px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:6474.49px;text-rendering:optimizeLegibility;white-space:nowrap">satisfied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:7102.48px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:7442.95px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:7570.47px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:8029.99px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11976px;left:8986.94px;white-space:nowrap">notwithstanding </div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">83</div></div> </div>
<div style="height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:322.71px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:526.87px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1483.82px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1824.77px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2055.97px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2535.96px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2858.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3045.4px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3249.55px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4085.38px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4606.82px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4980.09px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5454.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5694px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6221.19px;white-space:nowrap">periods.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6893.66px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7273.5px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7842.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8034.77px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8328.36px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8764.04px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9003.87px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9457.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9732.83px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:10204.02px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">identified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:722.71px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1679.66px;white-space:nowrap">issues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2189.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2464.93px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2936.12px;white-space:nowrap">seeks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3371.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3564.44px;white-space:nowrap">monitor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4168.58px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4536.26px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4971.94px;white-space:nowrap">closely
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5499.45px;white-space:nowrap">until
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5851.77px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6808.71px;letter-spacing:-0.29px;white-space:nowrap">improves,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7549.5px;white-space:nowrap">discusses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8257.81px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8598.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8873.81px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9451.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9727.08px;letter-spacing:-0.36px;white-space:nowrap">reasons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:10313.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:0px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:367.68px;letter-spacing:-0.32px;white-space:nowrap">results,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:912.63px;white-space:nowrap">considers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1632.62px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2254.69px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2548.29px;white-space:nowrap">steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2968.93px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3235.65px;white-space:nowrap">necessary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3973.72px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4166.2px;letter-spacing:-0.24px;white-space:nowrap">appropriate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5048.74px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5241.22px;letter-spacing:-0.36px;white-space:nowrap">address
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5839.77px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6207.45px;white-space:nowrap">issues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6717.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7031.45px;letter-spacing:-0.36px;white-space:nowrap">reviews
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7603.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7878.8px;letter-spacing:-0.36px;white-space:nowrap">results
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8379.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8565.99px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8859.58px;white-space:nowrap">steps
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9280.22px;white-space:nowrap">undertaken.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:314.24px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:877.43px;letter-spacing:0.19px;white-space:nowrap">determinations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:1996.93px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:2337.41px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:2906.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3098.68px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3481.24px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:3890.35px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:4157.07px;white-space:nowrap">summarized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:720px;left:5060.74px;letter-spacing:-1.47px;white-space:nowrap">below.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:281.44px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:883.35px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:1608.94px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:2165.89px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:2903.81px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:3476.76px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:3885.88px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:4203px;letter-spacing:0.24px;white-space:nowrap">&#8220;California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:5011.62px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:5568.57px;white-space:nowrap">Fund&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:6146.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:6422.33px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:6893.52px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:7361.68px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:7684.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:7959.91px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:8461.03px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:9417.97px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1056px;left:9729.17px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:275.52px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:1232.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:1419.18px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:1623.33px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:2459.17px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:2699px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:2974.52px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:3389.56px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:3857.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:4171.79px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:4823.78px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:5407.29px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:5914.17px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:6708.4px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:6975.28px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7375.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:7689.84px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:8176.08px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:8442.96px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:8932.24px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:9246.48px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1248px;left:9700.08px;letter-spacing:-1.64px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:0px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:533.44px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:705.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:980.79px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1353.75px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:1939.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:2126.69px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:2330.85px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:3281.87px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:3649.23px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4150.02px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4389.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:4665.38px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5080.41px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5548.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:5862.65px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:6514.64px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:7098.15px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:7605.03px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8399.26px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:8666.14px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9155.42px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:9331.1px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1440px;left:10012.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:0px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:409.12px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:942.55px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1114.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1389.91px;white-space:nowrap">fourth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:1860.78px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2447.01px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2633.73px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:2837.88px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:3788.91px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4156.26px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4657.06px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:4896.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5172.41px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5640.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:5954.65px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:6606.64px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:7190.15px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:7697.03px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8183.26px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8450.14px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:8894.94px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9179.26px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9712.7px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:9884.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1632px;left:10160.05px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:0px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:586.23px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:826.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1101.58px;white-space:nowrap">one-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:1774.38px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2289.73px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:2796.6px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3282.84px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:3549.72px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4039px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4305.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4581.4px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:4981.39px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5168.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:5443.63px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6006.82px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:6652.89px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7156.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:7343.28px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:8169.83px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9126.78px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9441.02px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1824px;left:9645.33px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:0px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:565.75px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1264.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1540.46px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2103.17px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2639.32px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3424.43px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3933.86px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4461.06px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5168.73px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5796.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6072.23px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6573.35px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7399.9px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8250.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:8564.69px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:9646.6px;white-space:nowrap">discussion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:10420.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:0px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1001.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1276.94px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1748.14px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2542.53px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2865.24px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3037.08px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3398.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:3584.91px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4017.55px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4583.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:4858.82px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:5359.93px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:6316.88px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7101.83px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7700.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:7887.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8162.62px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:8823.41px;letter-spacing:-0.26px;white-space:nowrap">Agreements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:281.44px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:883.35px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:1608.94px;letter-spacing:-2.61px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:2347.18px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:2904.13px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:3642.04px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4215px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4624.11px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:4941.23px;letter-spacing:0.24px;white-space:nowrap">&#8220;California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:5749.86px;letter-spacing:-2.61px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:6488.09px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7045.04px;white-space:nowrap">Fund&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7623.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:7898.8px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:8369.99px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:8838.15px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:9160.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2544px;left:9436.38px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:956.95px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:1268.14px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:1748.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:2023.65px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:2980.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3167.31px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:3371.47px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:4207.3px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:4447.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:4722.65px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:5137.69px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:5605.69px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:5919.92px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:6571.92px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:7155.43px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:7662.3px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8456.54px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:8723.42px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9123.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9437.98px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2736px;left:9924.21px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:0px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:489.28px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:803.52px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:1257.12px;letter-spacing:-1.64px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:1938.87px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2472.3px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2644.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:2919.66px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:3292.61px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:3878.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4065.56px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:4269.72px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5220.74px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:5588.1px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6088.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6328.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6604.25px;white-space:nowrap">one-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:6974.8px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:7289.04px;letter-spacing:-0.26px;white-space:nowrap">three-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:8059.27px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:8642.78px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:9149.66px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:9943.89px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2928px;left:10210.77px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:314.24px;white-space:nowrap">second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:874.55px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1460.78px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1700.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:1976.14px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:2628.13px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:3143.48px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:3650.36px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:4444.59px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:4711.47px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:5200.75px;letter-spacing:-1.64px;white-space:nowrap">Further,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:5790.18px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:6468.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:6744.25px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7153.37px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7686.81px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:7858.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:8134.16px;white-space:nowrap">fourth
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:8605.03px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9191.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9377.98px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3120px;left:9582.14px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:0px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:367.36px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:868.15px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1107.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:1383.5px;letter-spacing:-0.26px;white-space:nowrap">three-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:2153.74px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:2669.09px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:3175.96px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:3662.2px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:3929.08px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:4373.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:4649.4px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:5058.52px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:5591.95px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:5763.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:6039.31px;letter-spacing:-0.48px;white-space:nowrap">third
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:6412.26px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:6998.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:7185.21px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:7389.37px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:8340.39px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:8707.75px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:9208.54px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:9448.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3312px;left:9723.89px;white-space:nowrap">one-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:0px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:515.35px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1022.23px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1508.47px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:1775.35px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:2175.67px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:2489.9px;white-space:nowrap">second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3050.22px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3636.45px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:3876.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:4151.8px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:4803.79px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:5319.15px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:5826.02px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6312.26px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:6579.14px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:7068.42px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:7335.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:7610.82px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8010.81px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8197.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:8473.05px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:9036.24px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:9682.31px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3504px;left:10185.99px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:0px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:826.55px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:1783.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:2097.73px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:2302.05px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:2915.32px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:3481.07px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:4180.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:4455.78px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:5018.5px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:5554.65px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:6339.76px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:6849.19px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:7376.38px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:8084.05px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:8712.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:8987.56px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3696px;left:9488.68px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:0px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:850.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:1164.79px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:2246.7px;white-space:nowrap">discussion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:3020.13px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:3206.84px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4208.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4483.79px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:4954.98px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:5749.37px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6072.09px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6243.93px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6605.04px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:6791.76px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7224.39px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:7790.14px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8065.66px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:8566.78px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3888px;left:9523.72px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:0px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:598.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:785.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:1060.79px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4080px;left:1721.58px;letter-spacing:-0.26px;white-space:nowrap">Agreements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:281.44px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:883.35px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:1608.94px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:2346.85px;letter-spacing:-1.47px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:2779.65px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:3188.77px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:3505.89px;letter-spacing:0.24px;white-space:nowrap">&#8220;California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:4314.51px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:5052.42px;letter-spacing:-1.47px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:5485.22px;white-space:nowrap">Fund&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:6063.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:6338.98px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:6810.17px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:7278.33px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:7601.04px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:8279.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:8555.11px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:9056.23px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4416px;left:10013.17px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:0px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:479.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:755.51px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:1712.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:1899.17px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:2103.33px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:2939.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:3178.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:3454.51px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:3869.55px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:4337.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:4651.78px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:5303.77px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:5887.29px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:6394.16px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:7188.4px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:7455.28px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:7900.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:8175.59px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:8584.71px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:9118.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:9289.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:9565.5px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4608px;left:9870.3px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:186.72px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:390.87px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:1341.9px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:1709.25px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:2210.05px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:2449.88px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:2817.56px;white-space:nowrap">periods.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:3490.03px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:3804.27px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:4305.39px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:5262.33px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:5573.53px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:5902.49px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:6382.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:6658px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:7614.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:7801.66px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:8005.81px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:8841.65px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:9081.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:9357px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:9772.03px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4800px;left:10240.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:651.99px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:1235.5px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:1742.38px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:2228.62px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:2495.5px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:2940.3px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:3224.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:3500.13px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:3909.25px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:4442.69px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:4614.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:4890.04px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:5194.83px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:5781.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:5967.78px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:6171.94px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:7122.96px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:7490.32px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:7991.11px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:8230.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:8506.46px;white-space:nowrap">one-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:8877.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:9191.26px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4992px;left:9843.25px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:0px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:506.88px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:993.12px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:1260px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:1660.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:1974.55px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2507.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2679.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:2955.34px;white-space:nowrap">second
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:3515.66px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:4101.89px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:4341.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:4617.24px;letter-spacing:-0.26px;white-space:nowrap">three-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:5387.47px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:5902.82px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:6409.7px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:6895.94px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:7162.82px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:7652.1px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:7827.78px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8031.93px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8571.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:8846.81px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:9318px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5184px;left:10153.67px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:275.52px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1226.54px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:1593.9px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2094.69px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:2405.89px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3096.28px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3291.96px;white-space:nowrap">low
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3585.23px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:3825.07px;letter-spacing:-1.6px;white-space:nowrap">relevancy.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:4613.7px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:4880.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5156.1px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5556.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:5742.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:6018.33px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:6581.52px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:7227.6px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:7731.27px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:7917.99px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:8744.54px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:9701.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5376px;left:10015.72px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:0px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:613.27px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:1179.02px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:1878.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:2153.73px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:2716.45px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:3252.6px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:4037.71px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:4547.14px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:5074.33px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:5782px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:6409.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:6685.51px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:7186.63px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:8013.18px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:8863.72px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5568px;left:9177.96px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:0px;white-space:nowrap">discussion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:773.43px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:960.15px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:1961.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:2237.09px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:2708.28px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:3502.68px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:3825.39px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:3997.23px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:4358.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:4545.06px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:4977.7px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:5543.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:5818.96px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:6320.08px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:7277.03px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:8061.98px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:8660.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:8847.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5760px;left:9122.76px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5952px;left:0px;letter-spacing:-0.26px;white-space:nowrap">Agreements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:0px;white-space:nowrap">For
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:281.44px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:883.35px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:1608.94px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:2088.94px;letter-spacing:-2.29px;white-space:nowrap">Tax-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:2738.05px;white-space:nowrap">Income
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:3311.01px;white-space:nowrap">Portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:3962.35px;white-space:nowrap">(the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:4279.47px;letter-spacing:0.24px;white-space:nowrap">&#8220;California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:5088.09px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:5568.09px;white-space:nowrap">Fund&#8221;),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:6146.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:6421.84px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:6893.03px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:7361.19px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:7683.9px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:8362.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:8637.97px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:9139.09px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6288px;left:10096.04px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:0px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:479.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:755.51px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:1712.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:1899.17px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:2103.33px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:2939.16px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:3178.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:3454.51px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:3869.55px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:4337.54px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:4651.78px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:5303.77px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:5887.29px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:6394.16px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:7188.4px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:7455.28px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:7900.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:8175.59px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:8584.71px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:9118.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:9289.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:9565.5px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6480px;left:9870.3px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:186.72px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:390.87px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:1341.9px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:1709.25px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2210.05px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2449.88px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:2817.56px;white-space:nowrap">periods.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:3490.03px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:3665.71px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:4346.98px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:5025.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:5301.05px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:5802.17px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:6759.11px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:7070.31px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:7550.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:7825.82px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:8782.77px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:8969.48px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:9173.64px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6672px;left:10009.47px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:275.52px;white-space:nowrap">one-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:646.07px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:960.31px;letter-spacing:-0.26px;white-space:nowrap">three-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:1730.54px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:2314.06px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:2820.93px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:3307.17px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:3574.05px;white-space:nowrap">2023,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4018.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4294.37px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:4703.49px;letter-spacing:0.22px;white-space:nowrap">outperformed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:5746.03px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:5950.18px;white-space:nowrap">benchmark
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:6786.02px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:7025.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:7301.37px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:7953.36px;white-space:nowrap">period
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:8468.71px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:8975.59px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:9461.83px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6864px;left:9728.71px;white-space:nowrap">2023
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:314.24px;white-space:nowrap">ranked
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:847.67px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:1019.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:1295.03px;text-rendering:optimizeLegibility;white-space:nowrap">first
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:1599.82px;white-space:nowrap">quartile
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:2186.05px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:2372.77px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:2576.92px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:3527.95px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:3895.31px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4396.1px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4635.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:4911.45px;white-space:nowrap">one-,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:5326.49px;letter-spacing:-0.41px;white-space:nowrap">three-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:5794.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:6108.72px;text-rendering:optimizeLegibility;white-space:nowrap">five-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:6760.72px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:7344.23px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:7851.1px;letter-spacing:-0.48px;white-space:nowrap">March
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:8337.34px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:8604.22px;white-space:nowrap">2023.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:9093.5px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:9269.18px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:9473.33px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7056px;left:10012.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:471.19px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1306.87px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1629.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1905.1px;letter-spacing:0.24px;white-space:nowrap">Performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:2856.12px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:3223.48px;letter-spacing:-0.48px;white-space:nowrap">Group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:3724.27px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4035.47px;text-rendering:optimizeLegibility;white-space:nowrap">classified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4725.86px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4921.54px;white-space:nowrap">low
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:5214.81px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:5454.65px;letter-spacing:-1.6px;white-space:nowrap">relevancy.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6243.28px;white-space:nowrap">On
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6510.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6785.68px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:7185.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:7372.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:7647.91px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8211.1px;white-space:nowrap">ongoing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8857.18px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9360.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9547.57px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:0px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:956.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1271.18px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1475.5px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2088.77px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2654.52px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3353.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3629.23px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4191.95px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4728.1px;white-space:nowrap">conditions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:5513.21px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6022.64px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6549.83px;letter-spacing:-0.29px;white-space:nowrap">reporting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:7257.5px;white-space:nowrap">periods,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:7885.49px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:8161.01px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:8662.13px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:9488.68px;white-space:nowrap">objective(s)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:0px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:314.24px;letter-spacing:-1.37px;white-space:nowrap">management&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:1396.15px;white-space:nowrap">discussion
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:2169.58px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:2356.3px;letter-spacing:0.22px;white-space:nowrap">performance,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:3357.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:3633.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:4104.43px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:4898.83px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:5221.54px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:5393.38px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:5754.49px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:5941.21px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:6373.85px;white-space:nowrap">factors,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:6939.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:7215.11px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:7716.23px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:8673.18px;white-space:nowrap">supported
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:9458.13px;letter-spacing:-0.36px;white-space:nowrap">renewal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:10056.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7632px;left:10243.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7824px;left:0px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7824px;left:660.79px;letter-spacing:-0.26px;white-space:nowrap">Agreements.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8184.88px;left:0px;white-space:nowrap">C.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8184.88px;left:270px;white-space:nowrap">Fees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8184.88px;left:876.75px;white-space:nowrap">Expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8184.88px;left:1907.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:8184.88px;left:2355.33px;letter-spacing:-0.3px;white-space:nowrap">Profitability</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:8672.53px;left:198px;white-space:nowrap">1.
 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:8672.53px;left:1008px;white-space:nowrap">Fees
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:8672.53px;left:1557.99px;white-space:nowrap">and
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:8672.53px;left:2006.12px;white-space:nowrap">Expenses</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:612px;white-space:nowrap">As
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:834.4px;white-space:nowrap">part
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:1165.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:1352.63px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:1556.78px;white-space:nowrap">annual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:2072.62px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:2611.98px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:2887.49px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:3358.69px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:4057.88px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:4792.75px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:5338.19px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:5761.7px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:6286.01px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:6626.49px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:7195.28px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:7387.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:7663.27px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:8265.19px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:9103.9px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9076px;left:9584.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:612px;white-space:nowrap">contractual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:1447.35px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:2437.26px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:2707.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:3021.26px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:3489.41px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:4479.32px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:4749.08px;white-space:nowrap">(i.e.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:5095.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:5371.48px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:6361.39px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:6631.15px;white-space:nowrap">after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:7001.22px;white-space:nowrap">taking
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:7484.09px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:7803.93px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:8814.15px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:9083.91px;white-space:nowrap">waivers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9268px;left:9652.7px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:612px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:1255.36px;letter-spacing:-0.18px;white-space:nowrap">reimbursements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:2490.7px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:2620.94px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:2956.14px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:3317.57px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:3536.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:3664.45px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:4031.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:4224.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:4499.96px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:5077.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:5249.55px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:5610.66px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:5797.38px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:6072.9px;letter-spacing:-0.36px;white-space:nowrap">nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:6615.13px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:7109.85px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:7424.09px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:7945.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:8132.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:8407.59px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:9012.07px;letter-spacing:-0.29px;white-space:nowrap">provided.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:9788.38px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9460px;left:10102.62px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:612px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:940.96px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:1776.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:2052.14px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:2419.18px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:3159.64px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:3803px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:4170.03px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:4356.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:4484.27px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:4851.79px;white-space:nowrap">(after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:5263.46px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:5557.06px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:5826.81px;white-space:nowrap">waivers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:6395.61px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:6917.04px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:7560.4px;letter-spacing:-0.17px;white-space:nowrap">reimbursements).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:8881.82px;letter-spacing:-0.58px;white-space:nowrap">More
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9652px;left:9302.78px;text-rendering:optimizeLegibility;letter-spacing:-1.05px;white-space:nowrap">specifically,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:612px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:887.52px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:1854.39px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:2325.58px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:3045.74px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:3780.61px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:4326.05px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:4749.56px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:5273.87px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:5656.43px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:6258.35px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:7097.06px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:7556.58px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:8024.73px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:9014.64px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:9284.4px;white-space:nowrap">rate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:9607.12px;white-space:nowrap">(after
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9844px;left:10018.79px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:612px;white-space:nowrap">waivers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:1180.79px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:1702.22px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:2345.58px;letter-spacing:-0.18px;white-space:nowrap">reimbursements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:3580.93px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:3711.17px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:4046.36px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:4360.6px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:4636.12px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:5003.15px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:5646.51px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:6013.54px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:6185.38px;letter-spacing:-0.32px;white-space:nowrap">relation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:6765.85px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:6958.32px;white-space:nowrap">those
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:7396.88px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:7583.59px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:7711.11px;white-space:nowrap">comparable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:8605.98px;white-space:nowrap">universe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:9243.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:9429.81px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10036px;left:9865.49px;white-space:nowrap">(the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:1844.95px;white-space:nowrap">established
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:2701.1px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:2920.45px;letter-spacing:-0.24px;white-space:nowrap">Broadridge.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:3856.6px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:4170.84px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:5137.71px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:5608.91px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:6329.06px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:7019.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:7294.97px;white-space:nowrap">methodology
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:8302.48px;letter-spacing:-0.26px;white-space:nowrap">Broadridge
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:9149.66px;white-space:nowrap">employed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10228px;left:9914.29px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:612px;white-space:nowrap">establish
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:1281.43px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:1485.59px;white-space:nowrap">Peer
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:3660.76px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:3983.48px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:4807.31px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:5474.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:5749.54px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:6534.65px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:6902.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:7216.41px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:7420.56px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:8193.84px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:8561.19px;white-space:nowrap">Universe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:9219.1px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:9414.78px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:9740.54px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10420px;left:9936.22px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:612px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:804.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:1079.99px;white-space:nowrap">composition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:2007.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:2194.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:2469.57px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:2836.93px;white-space:nowrap">Universe
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:3494.84px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:3868.11px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:4214.83px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:4407.31px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:4754.02px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:5094.98px;white-space:nowrap">limit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:5444.09px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:5876.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:6063.6px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:6339.12px;white-space:nowrap">value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:6760.08px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:6946.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:7222.31px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:8149.66px;white-space:nowrap">data.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:8600.05px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:8914.29px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10612px;left:9881.16px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:612px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:1332.15px;white-space:nowrap">take
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:1678.87px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:2111.51px;white-space:nowrap">limitations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:2887.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:3201.41px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:4025.24px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:4345.08px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:4952.75px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:5379.63px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:6108.42px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:7035.76px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:7409.04px;white-space:nowrap">data.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:7859.44px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:8173.67px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:9140.55px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:9611.74px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10804px;left:10331.9px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:612px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:1447.67px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:1575.19px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:2034.71px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:2775.18px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:3418.53px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:3785.56px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:3981.24px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:4117.24px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:4532.11px;letter-spacing:-0.32px;white-space:nowrap">directly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:5097.71px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">reflected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:5773.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:6048.74px;letter-spacing:-1.47px;white-space:nowrap">shareholder&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:7026.65px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:7432.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:7604.4px;white-space:nowrap">investing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:8288.71px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:8460.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:8736.06px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10996px;left:9509.34px;white-space:nowrap">fund.</div></div> </div>
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<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">84</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Annual
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1122.46px;white-space:nowrap">Investment
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2834.18px;white-space:nowrap">Management
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4789.12px;white-space:nowrap">Agreement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6448.75px;white-space:nowrap">Approval
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7846.02px;white-space:nowrap">Process
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:9033.01px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:289.02px;left:0px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:612px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:787.68px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1154.71px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1694.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1969.59px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2936.46px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3407.65px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4127.81px;letter-spacing:-0.24px;white-space:nowrap">considered,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5007.96px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5179.8px;letter-spacing:-1.23px;white-space:nowrap">particular,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5920.1px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6302.66px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6904.58px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7272.1px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7612.57px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7740.09px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8015.61px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8382.64px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9026px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9393.03px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:612px;letter-spacing:-0.15px;white-space:nowrap">investment-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1992.3px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2398.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2584.93px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3245.73px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3485.56px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4324.27px;white-space:nowrap">funds)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4801.55px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4988.26px;white-space:nowrap">six
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5216.42px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5616.41px;white-space:nowrap">points
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6102.17px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6294.64px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:6795.28px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7565.83px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:7758.3px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8081.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8267.73px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8471.89px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:8845.17px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9461.64px;white-space:nowrap">(each,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:9930.28px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:612px;white-space:nowrap">&#8220;Expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1344.31px;white-space:nowrap">Outlier
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:1883.19px;white-space:nowrap">Fund&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2416.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2731.18px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:2947.66px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3537.42px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3733.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:3925.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4201.09px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:4722.36px;white-space:nowrap">contributing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5637.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:5829.86px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6212.42px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:6580.09px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7039.61px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:7540.24px;letter-spacing:-0.32px;white-space:nowrap">relative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8102.96px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8378.47px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:8745.51px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9388.86px;white-space:nowrap">ratio.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:384px;left:9844.85px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:612px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1293.27px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:1971.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2247.34px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:2718.53px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3408.93px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3536.45px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:3995.96px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4362.99px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:4638.51px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5350.03px;white-space:nowrap">both
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:5729.22px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6428.41px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:6742.65px;white-space:nowrap">excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:7480.56px;letter-spacing:-0.15px;white-space:nowrap">investment-related
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:8860.87px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9572.38px;white-space:nowrap">(i.e.,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:576px;left:9919.26px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:612px;white-space:nowrap">costs)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1059.51px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1299.35px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:1826.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2013.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:2288.77px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3127.48px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3607.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:3883.16px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:4354.35px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5190.02px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:5512.74px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6173.53px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:6885.05px;white-space:nowrap">will
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7160.24px;white-space:nowrap">vary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7495.12px;letter-spacing:-0.41px;white-space:nowrap">across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:7981.19px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8416.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8731.1px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:8902.94px;white-space:nowrap">comparison
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9780.05px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:768px;left:9972.52px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:612px;white-space:nowrap">because
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1249.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:1436.15px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2259.99px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2431.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:2707.34px;letter-spacing:0.48px;white-space:nowrap">forms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3154.53px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3468.77px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:3915.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4102.52px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:4763.31px;white-space:nowrap">employed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5527.94px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:5747.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6022.82px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:6796.09px;white-space:nowrap">fund.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:7252.57px;letter-spacing:-1.35px;white-space:nowrap">Accordingly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8174.31px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:8346.15px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9074.94px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:960px;left:9350.46px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:612px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:973.44px;white-space:nowrap">between
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:1640.15px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:1767.67px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2135.19px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2449.42px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:2653.58px;white-space:nowrap">peers,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3139.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3415.01px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:3886.21px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:4585.4px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:5421.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:5696.59px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:6156.1px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:6431.62px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:6798.65px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:7442.01px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:7809.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:8123.28px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:8461.2px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:9240.71px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:9901.5px;white-space:nowrap">costs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1152px;left:10307.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:612px;white-space:nowrap">leveraged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:1370.55px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:1844.63px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:2084.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:2359.98px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:3198.69px;white-space:nowrap">funds)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:3675.96px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:3868.44px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:4099.64px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:4600.27px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:4730.51px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:5083.15px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:5471.3px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:5829.86px;white-space:nowrap">10
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:6052.26px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:6452.25px;white-space:nowrap">points
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:6938.01px;letter-spacing:-1.84px;white-space:nowrap">higher,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:7468.4px;white-space:nowrap">slightly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:8013.19px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:8513.83px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:8644.06px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:8996.7px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:9384.86px;white-space:nowrap">6
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:9518.3px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:9710.77px;white-space:nowrap">10
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1344px;left:9933.17px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:612px;white-space:nowrap">points
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:1097.75px;letter-spacing:-1.84px;white-space:nowrap">higher,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:1628.15px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:1799.99px;white-space:nowrap">line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:2099.18px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:2229.42px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:2582.06px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:2970.21px;white-space:nowrap">within
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:3438.04px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:4498.67px;white-space:nowrap">5
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:4632.11px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:5032.1px;white-space:nowrap">points
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:5517.86px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:6018.49px;white-space:nowrap">than
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:6377.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:6652.57px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:7025.84px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:7642.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:7956.56px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:8436.55px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:8566.79px;white-space:nowrap">they
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:8919.42px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:9307.58px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:9787.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1536px;left:10063.09px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1728px;left:612px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1728px;left:1228.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1728px;left:1415.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1728px;left:1690.71px;white-space:nowrap">Peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1728px;left:2058.06px;white-space:nowrap">Universe.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:612px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:926.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:1893.11px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:2364.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:3084.46px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:3413.41px;letter-spacing:-0.24px;white-space:nowrap">considered,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:4293.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:4465.4px;letter-spacing:-0.32px;white-space:nowrap">relevant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:5078.68px;white-space:nowrap">part,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:5454.67px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:5582.19px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:6184.11px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:6643.63px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:7633.54px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:7903.3px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8217.53px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8493.05px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:8860.08px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:9503.44px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:9870.47px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:10042.31px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2064px;left:10403.42px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:612px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:816.16px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:1773.1px;letter-spacing:-1.64px;white-space:nowrap">history,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:2321.09px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:3020.28px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:3749.08px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:4276.27px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:4711.94px;text-rendering:optimizeLegibility;white-space:nowrap">identified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5434.65px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5654.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:5929.53px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:6507.28px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7028.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7304.23px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7775.43px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:7971.1px;white-space:nowrap">having
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8489.82px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:8617.34px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9117.97px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9393.49px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2256px;left:9760.52px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:612px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:979.03px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:1171.51px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:2161.42px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:2431.18px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3201.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3394.2px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:3761.24px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:4534.51px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:4975.95px;white-space:nowrap">coupled
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:5604.26px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:5944.73px;white-space:nowrap">experiencing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:6913.68px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:7497.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:7683.91px;white-space:nowrap">challenged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:8516.7px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:9473.65px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2448px;left:9787.89px;white-space:nowrap">considering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:612px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:887.52px;letter-spacing:-0.36px;white-space:nowrap">reasons
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1474.39px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:1714.23px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:2081.9px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3009.25px;white-space:nowrap">positions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3785.4px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:3961.08px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:4642.35px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:4982.82px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5551.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:5744.09px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:6582.8px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7018.48px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7341.19px;white-space:nowrap">utilize
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:7800.06px;white-space:nowrap">leverage,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:8505.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:8780.85px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2640px;left:9747.73px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:612px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:1332.15px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:2167.83px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:2490.54px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:3017.73px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:3491.81px;white-space:nowrap">attributable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4365.07px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4557.55px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:4685.07px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5144.58px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5435.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:5621.86px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:6282.65px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:6623.61px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:6854.81px;white-space:nowrap">included
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7515.6px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7687.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:7962.96px;white-space:nowrap">amount
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:8552.71px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:8739.43px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:9213.5px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:9628.54px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2832px;left:10081.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:612px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:1246.07px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:1515.83px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:1708.3px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:2650.53px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:2920.29px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:3071.33px;white-space:nowrap">calculated.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:3930.68px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:4244.92px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:5211.79px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:5682.98px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:6403.14px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:7493.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:7769.36px;white-space:nowrap">fact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:8074.48px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:8397.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:8524.71px;white-space:nowrap">decision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:9161.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:9354.3px;white-space:nowrap">employ
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3024px;left:9932.21px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:612px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:804.48px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:1432.79px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:1560.31px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:2019.83px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:2680.62px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:3134.06px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:3418.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:3694.21px;letter-spacing:-0.36px;white-space:nowrap">effect,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:4183.17px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:4387.48px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:4811px;white-space:nowrap">things
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:5290.83px;white-space:nowrap">being
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:5747.15px;white-space:nowrap">equal,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:6233.22px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:6419.94px;letter-spacing:-0.26px;white-space:nowrap">increasing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:7184.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:7459.93px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:7934px;white-space:nowrap">upon
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:8349.04px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:8802.48px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:9018.96px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:9653.03px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3216px;left:9845.5px;white-space:nowrap">sub-</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:612px;white-space:nowrap">advisory
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:1246.07px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:1515.83px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:1666.87px;white-space:nowrap">based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:2147.02px;white-space:nowrap">(and,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:2547.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:2719.18px;letter-spacing:0.48px;white-space:nowrap">turn,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:3095.17px;letter-spacing:-0.26px;white-space:nowrap">increasing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:3859.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:4135.16px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:4804.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:5119.15px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:5904.26px;letter-spacing:-1.27px;white-space:nowrap">sub-adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:6855.45px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:7845.36px;white-space:nowrap">fees),
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:8269.36px;white-space:nowrap">means
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:8779.28px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:9101.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:9377.51px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3408px;left:9955.26px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:612px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:1397.11px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:2256.3px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:2597.26px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:2979.81px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:3107.33px;text-rendering:optimizeLegibility;white-space:nowrap">conflict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:3667.32px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:3854.04px;letter-spacing:-0.32px;white-space:nowrap">interest
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:4428.43px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:4600.27px;letter-spacing:0.24px;white-space:nowrap">determining
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:5518.34px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6140.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6332.89px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6623.45px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:6815.92px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:7444.24px;white-space:nowrap">leverage.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:8193.99px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:8508.23px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:9475.1px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3600px;left:9946.29px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:612px;letter-spacing:-0.24px;white-space:nowrap">recognized,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:1492.15px;letter-spacing:-1.64px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:2173.9px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:2496.62px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:2772.14px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:3349.89px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:3664.13px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:4591.48px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:5071.47px;white-space:nowrap">seek
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:5439.15px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:5631.62px;white-space:nowrap">manage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:6254.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:6529.7px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:7210.8px;text-rendering:optimizeLegibility;white-space:nowrap">conflict
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:7770.79px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:7990.15px;letter-spacing:-0.22px;white-space:nowrap">recommending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:9119.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:9311.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:9587.25px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3792px;left:10058.45px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:612px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:1272.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:1548.31px;white-space:nowrap">applicable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:2333.42px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:2700.94px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:2893.41px;letter-spacing:-0.32px;white-space:nowrap">increase
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:3521.73px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:3889.41px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:4550.2px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:4977.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:5252.6px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:5830.35px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:6351.78px;letter-spacing:-1.13px;white-space:nowrap">sub-adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:7240.73px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:7436.41px;white-space:nowrap">applicable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:8266px;white-space:nowrap">has
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:8550.64px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9430.31px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:9753.02px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3984px;left:10120.7px;white-space:nowrap">action
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:612px;white-space:nowrap">would
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1091.99px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1323.19px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1495.03px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:1770.55px;white-space:nowrap">best
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:2123.02px;letter-spacing:-0.29px;white-space:nowrap">interests
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:2765.57px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:2952.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:3227.81px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:4001.08px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:4368.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:4682.83px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:4886.99px;white-space:nowrap">common
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:5559.94px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:6514.01px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:6828.25px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:7047.61px;white-space:nowrap">periodically
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:7915.43px;letter-spacing:-0.29px;white-space:nowrap">reviewing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:8644.22px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:8984.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:9260.22px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:9731.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4176px;left:10006.93px;letter-spacing:-2.54px;white-space:nowrap">fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:612px;letter-spacing:0.24px;white-space:nowrap">performance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:1568.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:1883.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:2158.7px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:2688.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:2875.65px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3151.17px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3441.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:3628.44px;white-space:nowrap">leverage
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4289.24px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4517.55px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4368px;left:4840.27px;letter-spacing:0.24px;white-space:nowrap">performance.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:612px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:787.68px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1154.71px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1658.39px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:1845.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:2120.62px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:2390.38px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:3418.37px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:3658.2px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:3933.72px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:4535.64px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5015.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:5291.31px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:6258.18px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:6729.38px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:7449.53px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:7778.49px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:8614.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:8889.68px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4704px;left:9879.59px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:612px;white-space:nowrap">schedules,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:1406.39px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:2105.59px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:2381.1px;white-space:nowrap">complex-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:3430.05px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:3744.29px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:4496.92px;letter-spacing:-0.26px;white-space:nowrap">breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:5311.63px;white-space:nowrap">schedules,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:6106.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:6301.7px;white-space:nowrap">applicable.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:7175.77px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:7490.01px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:7961.2px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:8429.36px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:8752.07px;letter-spacing:-0.41px;white-space:nowrap">across
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:9238.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:9513.67px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4896px;left:10115.58px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:612px;white-space:nowrap">complex,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:1311.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:1587.03px;white-space:nowrap">complex-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:2635.97px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:2905.73px;letter-spacing:-0.24px;white-space:nowrap">breakpoints
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:3788.6px;letter-spacing:-0.36px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:4422.84px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:4760.75px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:4980.11px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:6040.74px;white-space:nowrap">$62.4&#160;million
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:7003.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:7318.01px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:8070.64px;letter-spacing:-0.24px;white-space:nowrap">breakpoints
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:8953.51px;letter-spacing:-0.36px;white-space:nowrap">reduced
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:9587.74px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5088px;left:9925.66px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:612px;letter-spacing:-0.21px;white-space:nowrap">approximately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:1672.63px;white-space:nowrap">$76.1&#160;million
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:2635.65px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5280px;left:2807.49px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:612px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:991.83px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:1560.63px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:1753.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2028.62px;letter-spacing:-1.13px;white-space:nowrap">Sub-Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:2965.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:3240.61px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:3711.8px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:4040.75px;letter-spacing:-0.24px;white-space:nowrap">considered,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:4920.91px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5466.34px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:5889.85px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6414.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:6689.69px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:7631.91px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:7901.67px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:8583.43px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:8944.86px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:9137.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:9412.85px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5616px;left:10319.56px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:612px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:973.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:1159.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:1435.35px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2377.57px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:2982.05px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:3669.4px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:3861.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:4137.39px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:4910.66px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5319.78px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:5634.02px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:6561.37px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:6922.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7109.52px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7385.03px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7722.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:7998.47px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:8905.18px;letter-spacing:-0.36px;white-space:nowrap">charges
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9503.89px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:9696.37px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5808px;left:10119.88px;white-space:nowrap">clients,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:612px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:742.24px;letter-spacing:-2.94px;white-space:nowrap">any.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1110.08px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1285.75px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:1489.91px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:2029.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:2304.78px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:2775.98px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:3611.65px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:3934.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:4209.88px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:5264.91px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:5626.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:5818.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:6094.34px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7001.05px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7152.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:7427.6px;letter-spacing:-0.19px;white-space:nowrap">responsibility
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8410.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8597.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:8873.02px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:9480.53px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:9761.97px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6000px;left:10037.48px;white-space:nowrap">Funds.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:612px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:926.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:1893.11px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:2364.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:3084.46px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:3552.61px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:3875.33px;white-space:nowrap">(a)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:4086.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:4361.56px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:5087.15px;letter-spacing:-2.61px;white-space:nowrap">AMT-Free
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:5825.38px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:6382.34px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:6791.46px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:7105.69px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:7322.17px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:7790.33px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:8780.24px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:9050px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:9372.71px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:9683.91px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6336px;left:10163.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:612px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:985.28px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:1601.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:1915.99px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:2043.51px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:2319.03px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:2686.06px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:3329.41px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:3696.45px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:4019.16px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:4330.36px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:4502.2px;white-space:nowrap">line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:4801.39px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:5141.87px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:5417.38px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:5790.66px;white-space:nowrap">average;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:6451.61px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:6765.85px;white-space:nowrap">(b)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:6991.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:7266.81px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:7992.39px;white-space:nowrap">Quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:8549.35px;white-space:nowrap">Fund,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:9002.94px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6528px;left:9728.53px;white-space:nowrap">Municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:612px;letter-spacing:-1.47px;white-space:nowrap">Value
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:1044.8px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:1453.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:1768.15px;letter-spacing:0.26px;white-space:nowrap">California
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:2493.74px;white-space:nowrap">Select
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:2973.74px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:3382.85px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:3765.41px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:4079.65px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:4296.13px;white-space:nowrap">actual
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:4764.29px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:5754.2px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:6023.96px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:6338.19px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:6465.71px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:6741.23px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:7108.26px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:7751.62px;white-space:nowrap">ratio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:8118.65px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:8441.37px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:8829.52px;white-space:nowrap">below
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:9309.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6720px;left:9585.03px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6912px;left:612px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6912px;left:985.28px;white-space:nowrap">averages.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:612px;white-space:nowrap">Based
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1095.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1323.51px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:1527.67px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:2031.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:2218.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:2493.58px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:3358.36px;letter-spacing:-0.29px;white-space:nowrap">provided,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4090.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4365.71px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:4836.9px;letter-spacing:0.26px;white-space:nowrap">determined
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:5716.57px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6039.29px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6421.84px;letter-spacing:-2.54px;white-space:nowrap">Fund&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:6922.96px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:7912.87px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8250.79px;white-space:nowrap">(as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:8488.07px;white-space:nowrap">applicable)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9314.78px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9507.25px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:9634.77px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7248px;left:10043.89px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:612px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1000.16px;letter-spacing:-0.26px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1827.03px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:1998.87px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2359.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2546.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:2822.21px;letter-spacing:-0.36px;white-space:nowrap">nature,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3364.45px;white-space:nowrap">extent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:3859.17px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4173.4px;white-space:nowrap">quality
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4694.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:4881.39px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:5485.86px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6173.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6365.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7440px;left:6641.21px;white-space:nowrap">Fund.
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:198px;white-space:nowrap">2.
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:1008px;white-space:nowrap">Comparisons
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:2417.08px;white-space:nowrap">with
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:2938.47px;white-space:nowrap">the
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:3345.68px;white-space:nowrap">Fees
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:3895.67px;white-space:nowrap">of
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:4176.39px;white-space:nowrap">Other
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:7880.53px;left:4856.18px;letter-spacing:0px;white-space:nowrap">Clients</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:612px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:787.68px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:1569.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:1845.43px;letter-spacing:-0.18px;white-space:nowrap">appropriateness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:3042.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:3228.93px;white-space:nowrap">fees,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:3611.33px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:3886.84px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:4358.04px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:4686.99px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:5522.66px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:6387.45px;letter-spacing:-0.58px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:7125.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:7400.56px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:7670.32px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:8061.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:8336.71px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:9109.98px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8284px;left:9519.1px;white-space:nowrap">Advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:612px;letter-spacing:-0.36px;white-space:nowrap">charged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:1240.32px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:1432.79px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:1959.98px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:2383.5px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:2813.09px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:2999.81px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:3497.4px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:3811.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:4087.16px;white-space:nowrap">type
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:4448.59px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:4635.31px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:5239.78px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:5927.13px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:6119.61px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:6552.24px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:6975.76px;white-space:nowrap">clients.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:7562.31px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:7942.14px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:8510.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:8703.41px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:8978.93px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8476px;left:9710.76px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:612px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:1092.16px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:1459.83px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:1883.35px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:2380.94px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:2721.9px;white-space:nowrap">include
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:3284.93px;letter-spacing:-0.41px;white-space:nowrap">retail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:3681.57px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:3995.8px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:4866.19px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:5598.02px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:6318.33px;white-space:nowrap">accounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:6994.17px;white-space:nowrap">sub-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:7898px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:8117.35px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:8392.87px;letter-spacing:-1.13px;white-space:nowrap">Sub-Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8668px;left:9329.34px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:612px;white-space:nowrap">exchange-traded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:1874.39px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:2310.06px;white-space:nowrap">(&#8220;ETFs&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:2947.66px;white-space:nowrap">sub-advised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:3851.49px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:4070.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:4346.36px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:5253.07px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:5575.79px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:5842.51px;letter-spacing:-0.72px;white-space:nowrap">offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:6399.62px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:6618.98px;white-space:nowrap">another
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:7214.49px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:7582.01px;white-space:nowrap">complex,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:8281.52px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:9013.35px;white-space:nowrap">managed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8860px;left:9733.67px;white-space:nowrap">accounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:612px;letter-spacing:-0.72px;white-space:nowrap">offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:1169.11px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:1388.47px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:1604.95px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">unaffiliated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:2440.46px;white-space:nowrap">adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:2991.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:3305.73px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:3832.93px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:4564.76px;white-space:nowrap">private
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:5100.75px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:5636.58px;white-space:nowrap">partnerships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:6560.56px;letter-spacing:-0.72px;white-space:nowrap">offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:7117.68px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:7337.04px;white-space:nowrap">Nuveen.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:8027.92px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:8342.15px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:8813.35px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:9548.22px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9052px;left:10093.66px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:612px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:1136.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:1411.83px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:1681.59px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:2137.91px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:2452.14px;white-space:nowrap">average
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:3068.62px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:3338.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:3525.09px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:4256.92px;letter-spacing:-0.41px;white-space:nowrap">retail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:4653.56px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:5287.63px;white-space:nowrap">accounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:5963.46px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:6277.7px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:7009.53px;white-space:nowrap">institutional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:7879.91px;white-space:nowrap">accounts,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:8600.23px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:8875.74px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:9817.97px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9244px;left:10087.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:612px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:1518.71px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:2170.7px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:2410.54px;white-space:nowrap">serving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:2967.49px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:3163.17px;white-space:nowrap">sub-adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:4022.36px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:4214.83px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:4742.03px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:5473.86px;white-space:nowrap">ETFs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:5862.17px;letter-spacing:-0.72px;white-space:nowrap">offered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:6419.29px;white-space:nowrap">outside
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:6994px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:7269.52px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:7871.44px;white-space:nowrap">family
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:8336.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:8650.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:8926.3px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:9916.22px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9436px;left:10185.97px;white-space:nowrap">rates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:612px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:973.44px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:1192.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:1468.31px;white-space:nowrap">municipal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:2200.14px;white-space:nowrap">private
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:2736.13px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:3271.96px;white-space:nowrap">partnerships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:4195.95px;white-space:nowrap">operated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:4898.02px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9628px;left:5117.38px;white-space:nowrap">Nuveen.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:612px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:787.68px;white-space:nowrap">considering
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:1664.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:1940.14px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:2867.49px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:3137.25px;white-space:nowrap">data,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:3543.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:3818.68px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:4289.88px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:5125.55px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:5448.26px;letter-spacing:-0.44px;white-space:nowrap">differences,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:6316.58px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:7015.77px;white-space:nowrap">but
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:7300.08px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:7581.52px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:8117.35px;white-space:nowrap">to,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:8354.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:8629.82px;white-space:nowrap">amount,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:9264.06px;white-space:nowrap">type
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:9625.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9964px;left:9939.73px;white-space:nowrap">level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:612px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:798.72px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:1403.19px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:2090.54px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:2309.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:2585.42px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:3163.17px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:3355.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:3631.16px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:4233.08px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:4668.76px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:5439.31px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:5631.78px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:5954.5px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:6641.85px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:6834.32px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:7257.84px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:7755.43px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:7951.11px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:8276.86px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:8472.54px;letter-spacing:-0.48px;white-space:nowrap">differences
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:9296.38px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10156px;left:9468.21px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:612px;white-space:nowrap">policies;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:1243.03px;white-space:nowrap">eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:1814.54px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:2471.8px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:2945.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:3260.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:3535.64px;white-space:nowrap">manner
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:4119.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:4306.19px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:5064.9px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:5432.58px;white-space:nowrap">assets;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:5951.13px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:6555.44px;letter-spacing:-0.26px;white-space:nowrap">structure;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:7266.16px;white-space:nowrap">investor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:7873.35px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">profiles;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:8486.62px;white-space:nowrap">account
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:9094.29px;white-space:nowrap">sizes;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:9515.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10348px;left:9829.32px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:612px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:1595.51px;white-space:nowrap">contribute
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:2374.38px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:2566.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:2842.37px;white-space:nowrap">variations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:3565.08px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:3736.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:4012.43px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:4282.19px;white-space:nowrap">schedules.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:5121.07px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:5435.31px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:5906.5px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:6997.21px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:7272.73px;white-space:nowrap">wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:7657.84px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:8114.16px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:8300.87px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:8905.34px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:9077.18px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10540px;left:9713.97px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:612px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:1438.55px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:2428.46px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:2751.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:3026.69px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:3604.45px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:3918.68px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:4606.04px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:4798.51px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:5074.03px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:5675.95px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:6111.62px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:6882.18px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:7074.65px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:7498.16px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:7927.76px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:8114.48px;white-space:nowrap">clients
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:8612.07px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:8807.75px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:9133.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:9329.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10732px;left:9604.7px;letter-spacing:-0.29px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:612px;letter-spacing:-0.34px;white-space:nowrap">entrepreneurial,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:1787.99px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:2179.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:2493.26px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:3263.33px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:3612.76px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:3935.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:4211px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:4788.75px;white-space:nowrap">incurs
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:5247.94px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:5419.78px;white-space:nowrap">sponsoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:6255.29px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:6569.53px;white-space:nowrap">managing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:7328.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:7603.76px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:8205.68px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:8730.31px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:8905.99px;white-space:nowrap">general,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:9534.15px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10924px;left:10034.78px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:612px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:1056.48px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:1545.27px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:2045.9px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:2490.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:2677.1px;white-space:nowrap">service
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:3213.41px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:3900.76px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:4120.12px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:4395.64px;letter-spacing:-1.64px;white-space:nowrap">Adviser,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:5003.15px;letter-spacing:-0.29px;white-space:nowrap">increased
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:5729.22px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:6555.77px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:7545.68px;letter-spacing:-1.23px;white-space:nowrap">complexity,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:8399.11px;letter-spacing:-0.36px;white-space:nowrap">greater
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:8958.78px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11116px;left:9563.1px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:612px;letter-spacing:-0.41px;white-space:nowrap">requirements,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:1639.99px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:1954.23px;white-space:nowrap">higher
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:2454.86px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:2899.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:3086.06px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:3738.05px;white-space:nowrap">risk
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:4019.32px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:4211.8px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:4644.6px;white-space:nowrap">combination
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:5580.9px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:5767.62px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:6200.25px;white-space:nowrap">factors.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:6810.48px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:7124.72px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:7595.92px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:8113.99px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:8949.66px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:9272.37px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11308px;left:9547.89px;letter-spacing:-1.27px;white-space:nowrap">Sub-Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:612px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:881.76px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:1032.8px;white-space:nowrap">essentially
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:1808.95px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:2048.78px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:2706.04px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:3695.96px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:4300.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:4614.67px;letter-spacing:-0.58px;white-space:nowrap">therefore
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:5310.82px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:5725.69px;white-space:nowrap">comparable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:6620.56px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:6813.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:7088.56px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:7426.47px;white-space:nowrap">it
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:7562.47px;letter-spacing:-0.32px;white-space:nowrap">receives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:8184.86px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:8424.7px;letter-spacing:-0.41px;white-space:nowrap">retail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:8821.33px;white-space:nowrap">wrap
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:9215.24px;white-space:nowrap">accounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11500px;left:9891.08px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:612px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:1035.51px;letter-spacing:0.32px;white-space:nowrap">external
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:1654.54px;white-space:nowrap">sub-advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:2596.77px;white-space:nowrap">mandates.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:3429.56px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:3743.8px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:4215px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:5009.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:5284.91px;white-space:nowrap">varying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:5844.9px;white-space:nowrap">levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:6289.37px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:6476.09px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:6814.01px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:7202.16px;text-rendering:optimizeLegibility;white-space:nowrap">justified
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:7806.31px;white-space:nowrap">given,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:8286.47px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:8831.9px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:9255.42px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:9779.73px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11692px;left:10055.25px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:612px;white-space:nowrap">extensive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:1326.23px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:1975.19px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:2745.25px;letter-spacing:-0.44px;white-space:nowrap">requirements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:3728.77px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:4043px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:4434.04px;white-space:nowrap">liabilities,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:5144.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:5458.66px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:5734.18px;letter-spacing:-0.34px;white-space:nowrap">entrepreneurial,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:6910.17px;white-space:nowrap">legal
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:7301.2px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:7615.44px;letter-spacing:-0.26px;white-space:nowrap">regulatory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:8385.51px;white-space:nowrap">risks
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:8734.94px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:9362.94px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11884px;left:9534.78px;white-space:nowrap">sponsoring
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:612px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:926.24px;white-space:nowrap">advising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:1560.31px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:1687.83px;letter-spacing:-0.52px;white-space:nowrap">registered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:2454.86px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:3281.41px;white-space:nowrap">company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:3981.08px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:4751.64px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:4944.11px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:5266.83px;letter-spacing:-0.64px;white-space:nowrap">required
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:5912.58px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:6084.42px;white-space:nowrap">advising
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:6718.49px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:7142px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:7571.6px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12076px;left:7758.32px;white-space:nowrap">clients.</div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:10461.44px;white-space:nowrap">85</div></div> </div>
<div style="height:637.02px;left:0px;position:absolute;top:0px;transform:translate(36.000px,111.673px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.17px) rotate(0deg) scale(0.05)">
<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-22.11px;left:198px;white-space:nowrap">3.
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-22.11px;left:1008px;letter-spacing:-0.28px;white-space:nowrap">Profitability
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-22.11px;left:2299.82px;white-space:nowrap">of
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-22.11px;left:2580.54px;white-space:nowrap">Fund
</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-22.11px;left:3167.26px;white-space:nowrap">Advisers</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:612px;white-space:nowrap">In
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:787.68px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:1154.71px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:1694.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:1969.59px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:2936.46px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:3407.65px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:4127.81px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:4963.48px;white-space:nowrap">estimated
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:5715.79px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:6568.41px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:7433.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:7619.91px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:8221.83px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:8417.51px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:8545.02px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:8977.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:9164.06px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:9368.21px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:381.36px;left:10002.28px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:612px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:804.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:1079.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:1681.91px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:2117.59px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:2313.27px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:2639.02px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:2834.7px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:3687.32px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:4048.76px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:4235.47px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:4658.99px;white-space:nowrap">publicly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:5257.38px;white-space:nowrap">traded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:5775.61px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:6181.53px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:7171.44px;text-rendering:optimizeLegibility;letter-spacing:0.41px;white-space:nowrap">firms.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:7651.27px;white-space:nowrap">Such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:8039.75px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:8892.37px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:573.36px;left:9757.15px;white-space:nowrap">included,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:612px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:1157.43px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:1580.95px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:2105.26px;letter-spacing:-0.48px;white-space:nowrap">gross
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:2528.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:2843.17px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:3118.69px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:3735.33px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:4342.68px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:5122.2px;white-space:nowrap">distribution)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:6019.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:6206.01px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:6807.93px;white-space:nowrap">Investments,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:7750.96px;white-space:nowrap">Inc.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:8048.24px;white-space:nowrap">(&#8220;Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:8774.8px;white-space:nowrap">Investments&#8221;)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:9797.99px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:765.36px;left:10037.82px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:612px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:804.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:1079.99px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:1681.91px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:2117.59px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:2345.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:2473.43px;letter-spacing:-0.36px;white-space:nowrap">pre-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:3021.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:3335.66px;letter-spacing:-0.88px;white-space:nowrap">after-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:3963.49px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:4363.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:4603.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:4878.83px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:5279.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:5593.39px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:5993.71px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:6648.58px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:7063.46px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:7259.14px;white-space:nowrap">well
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:7584.89px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:7780.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:8056.09px;letter-spacing:-0.32px;white-space:nowrap">revenues
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:8740.89px;letter-spacing:0.41px;white-space:nowrap">earned
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:9289.04px;white-space:nowrap">(less
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:9638.8px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:957.36px;left:9932.4px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:612px;letter-spacing:-0.15px;white-space:nowrap">reimbursements/fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:2087.34px;white-space:nowrap">waivers)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:2697.73px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:3011.97px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:3723.49px;letter-spacing:-0.32px;white-space:nowrap">incurred
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:4351.48px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:4570.84px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:5172.76px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:6071.31px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:6311.14px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:6515.3px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:7149.37px;white-space:nowrap">activities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:7809.68px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:8002.15px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:8277.67px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:8879.59px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1149.36px;left:9315.26px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:612px;white-space:nowrap">distribution
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:1467.5px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:1781.74px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:2308.93px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:2732.45px;white-space:nowrap">expenses)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:3485.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:3725.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:4000.91px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:4401.23px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:4715.47px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:5115.79px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:5770.66px;white-space:nowrap">years.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:6274.5px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:6588.74px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:7555.61px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:8026.8px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:8746.96px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:9075.91px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1341.36px;left:9911.58px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:612px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:1299.51px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:1486.23px;white-space:nowrap">some
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:1919.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:2105.74px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:2381.26px;white-space:nowrap">key
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:2668.94px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:3190.21px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:3512.92px;white-space:nowrap">impacted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:4229.87px;letter-spacing:-1.97px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:4923.79px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:5776.41px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:5948.25px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:6437.53px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:6613.21px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:7294.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:7570px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:8041.19px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:8731.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:9007.1px;letter-spacing:-0.29px;white-space:nowrap">revenues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1533.36px;left:9736.38px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:612px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:926.24px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:1666.71px;letter-spacing:-0.41px;white-space:nowrap">margin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:2205.9px;letter-spacing:-0.48px;white-space:nowrap">(pre-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:2582.22px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:2896.46px;letter-spacing:-0.8px;white-space:nowrap">after-tax)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:3565.88px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:3841.4px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:4419.15px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:5005.71px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:5378.98px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:5583.14px;white-space:nowrap">ETF
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:5903.29px;letter-spacing:-0.36px;white-space:nowrap">product
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:6507.6px;white-space:nowrap">line
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:6806.8px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:7046.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:7322.15px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:7722.47px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:8036.71px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:8437.03px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1725.36px;left:9091.9px;white-space:nowrap">years.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:612px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:787.68px;white-space:nowrap">developing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:1641.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:1916.63px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:2769.25px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:3130.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:3317.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:3592.92px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:4170.67px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:4410.5px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:4614.66px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:5248.73px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:5853.2px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:6045.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:6321.19px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:6923.11px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:7403.27px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:7678.79px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:8645.66px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2061.36px;left:9116.85px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:612px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:1447.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:1723.19px;white-space:nowrap">subjective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:2484.62px;letter-spacing:-0.41px;white-space:nowrap">nature
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:2982.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:3169.09px;white-space:nowrap">calculating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:3977.88px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:4830.5px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:5026.18px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:5301.7px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:6166.48px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:6317.52px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:6598.96px;white-space:nowrap">audited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:7191.43px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:7505.67px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:7656.7px;white-space:nowrap">necessarily
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:8471.58px;white-space:nowrap">dependent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:9307.25px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:9535.57px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2253.36px;left:9873.32px;white-space:nowrap">allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:612px;white-space:nowrap">methodologies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:1737.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:1930.38px;white-space:nowrap">allocate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:2531.81px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:3243.33px;letter-spacing:-0.26px;white-space:nowrap">throughout
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:4087.63px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:4363.15px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:5018.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:5332.42px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:5877.86px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:6153.37px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:6701.53px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:7335.6px;letter-spacing:-0.29px;white-space:nowrap">products.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:8097.03px;white-space:nowrap">Given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:8559.42px;letter-spacing:-0.48px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:8974.14px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:9125.18px;white-space:nowrap">no
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:9353.5px;white-space:nowrap">perfect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2445.36px;left:9904.37px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:612px;white-space:nowrap">allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:1346.71px;white-space:nowrap">methodology
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:2354.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:2668.45px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:2991.17px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:3414.68px;letter-spacing:-0.26px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:4241.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:4555.79px;white-space:nowrap">valid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:4934.98px;white-space:nowrap">allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:5669.69px;white-space:nowrap">methodologies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:6795.59px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:7237.19px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:7468.39px;white-space:nowrap">employed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:8233.02px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:8547.26px;white-space:nowrap">could
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:8988.85px;white-space:nowrap">lead
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:9341.49px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2637.36px;left:9533.96px;text-rendering:optimizeLegibility;white-space:nowrap">significantly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:612px;letter-spacing:-0.58px;white-space:nowrap">different
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:1254.71px;letter-spacing:-0.32px;white-space:nowrap">results,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:1799.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:2075.18px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:2546.38px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:3281.25px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:3826.69px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:4250.2px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:4774.51px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:4902.03px;white-space:nowrap">description
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:5743.14px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:5929.85px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:6205.37px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:6543.13px;white-space:nowrap">allocation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:7277.83px;white-space:nowrap">methodologies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:8403.74px;white-space:nowrap">employed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:9168.37px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:9360.84px;white-space:nowrap">develop
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2829.36px;left:9989.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:612px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:1240.31px;letter-spacing:0.22px;white-space:nowrap">information,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:2149.58px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:2277.1px;white-space:nowrap">summary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:2964.61px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:3151.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:3426.84px;white-space:nowrap">history
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:3945.07px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:4131.79px;white-space:nowrap">changes
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:4769.22px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:4961.7px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:5237.22px;white-space:nowrap">methodology
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:6244.72px;white-space:nowrap">over
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:6603.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:6878.79px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:7293.67px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:7666.94px;white-space:nowrap">2010
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:8067.26px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:8674.62px;white-space:nowrap">2022,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:9119.42px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:9433.66px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3021.36px;left:9561.17px;white-space:nowrap">historical
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:612px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:1255.36px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:1845.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:2031.83px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:2633.75px;white-space:nowrap">Investments&#8217;
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:3573.89px;letter-spacing:-0.29px;white-space:nowrap">revenues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:4303.17px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:5014.69px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:5328.93px;letter-spacing:-0.36px;white-space:nowrap">pre-tax
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:5876.92px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:6152.44px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:6769.08px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:7376.43px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:7962.98px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:8336.26px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:8540.41px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:9174.48px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:9778.95px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3213.36px;left:9971.43px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:612px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:1213.92px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:1649.6px;white-space:nowrap">(excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:2429.11px;white-space:nowrap">distribution)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:3326.21px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:3566.04px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:3841.56px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:4496.43px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:4911.31px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:5284.58px;white-space:nowrap">2017
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:5684.9px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:6292.26px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:6781.54px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:7095.77px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:7566.97px;white-space:nowrap">had
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:7881.21px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:8210.16px;white-space:nowrap">appointed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:8995.27px;white-space:nowrap">four
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3405.36px;left:9324.07px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:612px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:1083.19px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:1803.35px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:1995.82px;white-space:nowrap">serve
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:2416.62px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:2612.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:2887.82px;letter-spacing:-2.58px;white-space:nowrap">Board&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:3451.01px;white-space:nowrap">liaisons,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:4058.36px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:4398.83px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:4674.35px;white-space:nowrap">assistance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:5435.94px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:5622.66px;white-space:nowrap">independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:6585.69px;white-space:nowrap">counsel,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:7220.09px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:7412.56px;white-space:nowrap">meet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:7824.4px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:8164.87px;letter-spacing:-0.36px;white-space:nowrap">representatives
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:9293.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:9480.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:9755.73px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3597.36px;left:10333.48px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:612px;letter-spacing:-0.41px;white-space:nowrap">review
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:1115.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:1391.19px;white-space:nowrap">development
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:2386.86px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:2573.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:2849.09px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:3701.72px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:4063.15px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:4377.39px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:4569.87px;letter-spacing:-0.41px;white-space:nowrap">report
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:5052.42px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:5244.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:5520.41px;white-space:nowrap">full
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3789.36px;left:5778.01px;letter-spacing:-0.41px;white-space:nowrap">Board.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:612px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:787.68px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:1468.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:1744.47px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:2215.66px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:3051.33px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:3578.52px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:4505.87px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:5246.34px;letter-spacing:-0.41px;white-space:nowrap">margin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:5785.53px;white-space:nowrap">data.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:6235.93px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:6411.61px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:6704.72px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:7261.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:7537.2px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:8008.39px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:8698.78px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:8974.3px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:9714.77px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4125.36px;left:10322.12px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:612px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:1213.92px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:2112.47px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:2883.02px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:3075.5px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:3351.01px;white-space:nowrap">adjusted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:4011.65px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:4752.11px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:5359.47px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:5546.18px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:5673.7px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:6046.98px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:6521.06px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:6707.77px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:7113.69px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:8103.6px;text-rendering:optimizeLegibility;letter-spacing:0.48px;white-space:nowrap">firms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:8494.47px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:8834.94px;white-space:nowrap">publicly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:9433.34px;white-space:nowrap">available
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4317.36px;left:10105.97px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:612px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:926.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:1201.76px;white-space:nowrap">most
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:1598.71px;white-space:nowrap">comparable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:2493.58px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:2967.65px;white-space:nowrap">under
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:3429.89px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:4419.8px;white-space:nowrap">(based
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:4941.56px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:5169.87px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:5575.79px;white-space:nowrap">size
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:5883.95px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:6198.18px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:6604.1px;white-space:nowrap">composition)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:7573.04px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:7765.52px;white-space:nowrap">Nuveen.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:8456.4px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:8770.64px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:9241.83px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4509.36px;left:10077.5px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:612px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:887.52px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:1627.99px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:2235.34px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:2422.06px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:2697.57px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:3139.01px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:3527.17px;white-space:nowrap">adjusted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:4187.8px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:4886.99px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:5079.47px;letter-spacing:-0.36px;white-space:nowrap">address
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:5678.02px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:6000.74px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:6527.93px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:7132.4px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:7819.75px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:8039.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:8314.63px;white-space:nowrap">peers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:8756.06px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:9144.22px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:9425.65px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4701.36px;left:10113.01px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:612px;white-space:nowrap">Nuveen.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:1302.88px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:1617.12px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:2088.31px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:2417.27px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:3152.14px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:3697.57px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:4121.09px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:4645.4px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:4920.92px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:5196.44px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:5813.07px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:6420.43px;letter-spacing:-0.29px;white-space:nowrap">(pre-tax)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:7051.62px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:7238.34px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:7840.25px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:8738.8px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:8967.12px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:9094.64px;white-space:nowrap">company-wide
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4893.36px;left:10188.23px;white-space:nowrap">basis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:612px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:926.24px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:1201.76px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:1477.27px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:2093.91px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:2701.27px;letter-spacing:-0.29px;white-space:nowrap">(pre-tax)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:3332.46px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:3519.17px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:4121.09px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:5019.64px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:5606.19px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:5979.47px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:6183.62px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:6788.1px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:6980.57px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:7256.09px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:7858.01px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:8293.68px;white-space:nowrap">only
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:8637.52px;white-space:nowrap">(including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:9378.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5085.36px;left:9692.55px;white-space:nowrap">excluding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:612px;white-space:nowrap">distribution)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:1509.1px;letter-spacing:-0.32px;white-space:nowrap">compared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:2279.65px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:2472.13px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:2747.65px;white-space:nowrap">adjusted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:3408.28px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:4148.75px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:4756.1px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:4942.82px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:5218.34px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:5591.61px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:6065.69px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:6305.52px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:6688.08px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:7342.95px;white-space:nowrap">year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:7689.67px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:8062.94px;white-space:nowrap">2012
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:8463.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:8655.74px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:9145.02px;white-space:nowrap">Although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:9850.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5277.36px;left:10125.81px;white-space:nowrap">total
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:612px;white-space:nowrap">company
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:1311.67px;white-space:nowrap">operating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:2052.14px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:2659.5px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:2846.21px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:3448.13px;white-space:nowrap">Investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:4346.68px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:4734.84px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:4906.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:5182.19px;white-space:nowrap">bottom
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:5756.74px;white-space:nowrap">half
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:6058.98px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:6245.69px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:6521.21px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:6894.49px;letter-spacing:-0.48px;white-space:nowrap">group
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:7368.56px;white-space:nowrap">range
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:7824.88px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:8064.71px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:8465.03px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:8779.27px;white-space:nowrap">2021,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:9224.07px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5469.36px;left:9499.59px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:612px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:1083.19px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:1803.35px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:2639.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:2914.54px;white-space:nowrap">limitations
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:3690.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:3876.92px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:4152.43px;white-space:nowrap">comparative
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:5079.78px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:5441.22px;white-space:nowrap">given
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:5876.89px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:6199.61px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:6572.88px;white-space:nowrap">data
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:6934.32px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:7085.36px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:7366.79px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:8065.98px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:8548.86px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:8863.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:9138.61px;white-space:nowrap">calculation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5661.36px;left:9944.52px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:612px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:1464.62px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:1615.66px;white-space:nowrap">subjective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:2377.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:2691.33px;letter-spacing:-0.32px;white-space:nowrap">affected
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:3316.6px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:3535.96px;letter-spacing:-0.32px;white-space:nowrap">numerous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:4285.87px;white-space:nowrap">factors
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:4807.14px;white-space:nowrap">(such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:5216.42px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:5412.1px;white-space:nowrap">types
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:5841.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:6028.41px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:6464.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:6591.61px;white-space:nowrap">peer
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:6964.88px;white-space:nowrap">manages,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:7700.08px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:7904.23px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:8556.23px;white-space:nowrap">mix,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:8897.02px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:9101.18px;white-space:nowrap">cost
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:9438.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:9625.65px;white-space:nowrap">capital,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5853.36px;left:10185.48px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:612px;letter-spacing:-0.32px;white-space:nowrap">numerous
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:1361.91px;white-space:nowrap">assumptions
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:2292.3px;white-space:nowrap">underlying
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:3095.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:3370.69px;white-space:nowrap">methodology
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:4378.2px;white-space:nowrap">used
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:4766.51px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:4958.99px;white-space:nowrap">allocate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:5560.42px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:6271.94px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:6586.17px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:7009.69px;white-space:nowrap">factors)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:7572.56px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:7895.27px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:8188.87px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:8571.43px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:8698.95px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:9463.26px;white-space:nowrap">impact
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:9993.49px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6045.36px;left:10221.81px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6237.36px;left:612px;letter-spacing:-0.36px;white-space:nowrap">results.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:612px;white-space:nowrap">Aside
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:1059.51px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:1432.79px;letter-spacing:-1.97px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:2126.71px;text-rendering:optimizeLegibility;letter-spacing:-1.17px;white-space:nowrap">profitability,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:3009.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:3284.61px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:3755.8px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:4591.47px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:4914.19px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:5189.71px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:5767.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:5918.49px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:6046.01px;white-space:nowrap">subsidiary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:6801.36px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:6988.08px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:7634.48px;white-space:nowrap">LLC,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:7996.08px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:8271.59px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:9098.15px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:10088.06px;letter-spacing:0.72px;white-space:nowrap">arm
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6573.36px;left:10407.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:612px;letter-spacing:-1.97px;white-space:nowrap">Teachers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:1278.88px;white-space:nowrap">Insurance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:2002.87px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:2317.11px;white-space:nowrap">Annuity
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:2906.86px;white-space:nowrap">Association
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:3766.21px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:3952.92px;white-space:nowrap">America
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:4584.11px;white-space:nowrap">(&#8220;TIAA&#8221;).
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:5320.43px;letter-spacing:-1.35px;white-space:nowrap">Accordingly,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:6242.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:6517.69px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:6988.88px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:7317.84px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:8008.23px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:8135.75px;white-space:nowrap">balance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:8737.51px;white-space:nowrap">sheet
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:9170.14px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:9409.98px;white-space:nowrap">TIAA
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6765.36px;left:9808.05px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reflecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:612px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:816.16px;white-space:nowrap">assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:1334.71px;white-space:nowrap">liabilities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:2000.62px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:2314.85px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:2830.21px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:3144.44px;white-space:nowrap">contingency
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:4060.27px;letter-spacing:-0.32px;white-space:nowrap">reserves
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:4688.43px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:4928.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:5203.78px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:5604.1px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:5918.34px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:6318.66px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:6973.53px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:7388.41px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:7580.88px;white-space:nowrap">consider
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:8232.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:8508.23px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:9136.54px;letter-spacing:-0.32px;white-space:nowrap">strength
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:9770.3px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:6957.36px;left:9957.01px;white-space:nowrap">TIAA.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:612px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:926.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:1397.43px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:2233.1px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:2508.62px;text-rendering:optimizeLegibility;white-space:nowrap">benefit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:3056.78px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:3243.49px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:3459.97px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:4286.52px;white-space:nowrap">adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:4837.55px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:5151.79px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:5355.95px;letter-spacing:-0.41px;white-space:nowrap">parent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:5862.5px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:6202.98px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:6967.29px;letter-spacing:-0.52px;white-space:nowrap">resources,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:7731.92px;white-space:nowrap">particularly
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:8557.98px;white-space:nowrap">during
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:9067.42px;white-space:nowrap">periods
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:9650.93px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7149.36px;left:9837.64px;white-space:nowrap">market
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:612px;letter-spacing:-1.23px;white-space:nowrap">volatility.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:1322.71px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:1636.94px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:2108.14px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:2437.09px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:2905.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:3180.76px;letter-spacing:-0.21px;white-space:nowrap">reinvestments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:4214.67px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:4861.07px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:5065.23px;letter-spacing:-0.41px;white-space:nowrap">parent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:5571.78px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:6093.22px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:6516.73px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:7144.72px;white-space:nowrap">made
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:7595.28px;white-space:nowrap">into
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:7915.11px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:8119.27px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:8771.26px;letter-spacing:-0.32px;white-space:nowrap">through,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:9423.09px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7341.36px;left:9968.53px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:612px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:1136.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:1411.83px;white-space:nowrap">investment
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:2238.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:2425.1px;white-space:nowrap">seed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:2813.42px;white-space:nowrap">capital
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:3328.77px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:3500.61px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:4027.8px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:4629.72px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:5065.39px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:5379.63px;white-space:nowrap">continued
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:6141.22px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:7035.93px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:7207.77px;white-space:nowrap">enhancements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:8292.73px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:8485.2px;white-space:nowrap">technological
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7533.36px;left:9489.67px;white-space:nowrap">capabilities.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:612px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:787.68px;white-space:nowrap">addition
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:1424.47px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:1616.94px;white-space:nowrap">Nuveen,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:2263.34px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:2538.86px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:3505.73px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:3976.93px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:4697.08px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:5532.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:5808.27px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:6660.89px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:6847.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:7123.13px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:8029.83px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:8403.11px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:8607.26px;letter-spacing:-0.21px;white-space:nowrap">relationships
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:9549.17px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:7869.36px;left:9889.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:612px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:1385.27px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:1987.19px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:2511.83px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:2687.51px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:2980.62px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:3537.58px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:3813.09px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:4779.97px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:5251.16px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:5971.31px;letter-spacing:-0.29px;white-space:nowrap">reviewed,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:6706.19px;white-space:nowrap">among
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:7251.62px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:7675.13px;white-space:nowrap">things,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:8199.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:8474.97px;letter-spacing:-1.27px;white-space:nowrap">Sub-Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8061.36px;left:9473.67px;letter-spacing:-0.29px;white-space:nowrap">revenues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:612px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:1323.52px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:1637.75px;white-space:nowrap">net
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:1913.27px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:2529.91px;letter-spacing:-0.36px;white-space:nowrap">margins
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:3137.26px;letter-spacing:-0.48px;white-space:nowrap">(pre-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:3513.58px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:3827.82px;letter-spacing:-0.8px;white-space:nowrap">after-tax)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:4497.25px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:4737.08px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:4941.24px;white-space:nowrap">advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:5575.31px;white-space:nowrap">activities
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:6235.61px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:6428.09px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:6703.61px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:7476.88px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:8078.8px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:8514.47px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:8754.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:9029.82px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8253.36px;left:9684.7px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:612px;white-space:nowrap">ended
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:1118.88px;white-space:nowrap">December&#160;31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:2179.99px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:2580.31px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:2894.55px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:3688.78px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:3955.66px;white-space:nowrap">2021.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:4444.94px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:4759.18px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:5726.05px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:6197.25px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:6917.4px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:7246.36px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:7936.75px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:8064.27px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:8916.89px;white-space:nowrap">analysis
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:9506.64px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reflecting
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8445.36px;left:10220.55px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:612px;letter-spacing:-0.29px;white-space:nowrap">revenues,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:1341.28px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:2052.79px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:2367.03px;letter-spacing:-0.36px;white-space:nowrap">revenue
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:2983.67px;letter-spacing:-0.41px;white-space:nowrap">margin
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:3522.86px;letter-spacing:-0.48px;white-space:nowrap">(pre-
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:3899.18px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:4213.42px;letter-spacing:-0.8px;white-space:nowrap">after-tax)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:4882.85px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:5102.21px;white-space:nowrap">asset
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:5508.12px;white-space:nowrap">type
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:5869.56px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:6109.39px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:6384.91px;white-space:nowrap">Sub-Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:7291.62px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:7531.45px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:7806.97px;white-space:nowrap">calendar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:8461.84px;white-space:nowrap">years
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:8876.72px;white-space:nowrap">ending
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8637.36px;left:9421.99px;white-space:nowrap">December&#160;31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8829.36px;left:612px;white-space:nowrap">2022
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8829.36px;left:1012.32px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8829.36px;left:1326.56px;white-space:nowrap">December
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8829.36px;left:2120.79px;white-space:nowrap">31,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:8829.36px;left:2387.67px;white-space:nowrap">2021.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:612px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:787.68px;white-space:nowrap">evaluating
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:1569.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:1845.43px;letter-spacing:-0.19px;white-space:nowrap">reasonableness
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:2986.54px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:3173.25px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:3448.77px;white-space:nowrap">compensation,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:4548.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:4823.8px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:5790.67px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:6261.86px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:6982.02px;white-space:nowrap">also
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:7310.97px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:8146.64px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:8440.24px;white-space:nowrap">other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:8863.76px;white-space:nowrap">ancillary
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9165.36px;left:9485.83px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:612px;white-space:nowrap">derived
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:1198.55px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:1417.91px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:1693.43px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:2466.7px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:2875.82px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:3453.57px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:3826.84px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:4031px;letter-spacing:-0.22px;white-space:nowrap">relationship
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:4904.75px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:5245.22px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:5520.74px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:6122.66px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:6558.33px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:6754.01px;white-space:nowrap">discussed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:7491.92px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:7663.76px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:8181.83px;white-space:nowrap">detail
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9357.36px;left:8625.99px;letter-spacing:-1.47px;white-space:nowrap">below.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:612px;white-space:nowrap">Based
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:1095.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:1323.51px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:1451.03px;white-space:nowrap">consideration
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:2461.26px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:2647.97px;white-space:nowrap">all
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:2852.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:3127.81px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:3992.59px;letter-spacing:-0.29px;white-space:nowrap">provided,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:4724.42px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:4999.94px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:5471.13px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:5939.29px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:6262px;letter-spacing:-1.97px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:6955.92px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:7270.16px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:7545.68px;letter-spacing:-1.27px;white-space:nowrap">Sub-Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:8544.39px;white-space:nowrap">level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:8920.7px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:9107.42px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">profitability
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9693.36px;left:9960.04px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:612px;white-space:nowrap">acceptable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:1441.75px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:1755.99px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:2037.42px;letter-spacing:-0.22px;white-space:nowrap">unreasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:3042.22px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:3214.06px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:3575.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:3761.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:4037.4px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:9885.36px;left:4641.88px;letter-spacing:-0.32px;white-space:nowrap">provided.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:0px;white-space:nowrap">D.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:270px;white-space:nowrap">Economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:1442.8px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:1719.55px;white-space:nowrap">Scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:2318.6px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:2766.73px;white-space:nowrap">Whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:3723.93px;white-space:nowrap">Fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:4167.88px;white-space:nowrap">Levels
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:4868.79px;letter-spacing:0px;white-space:nowrap">Reflect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:5651.32px;letter-spacing:0px;white-space:nowrap">These
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:6319.22px;white-space:nowrap">Economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:7492.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:10246.24px;left:7768.77px;letter-spacing:0px;white-space:nowrap">Scale</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:314.24px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:785.43px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:1621.1px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:2243.18px;letter-spacing:-0.48px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:2657.89px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:3040.45px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:3449.57px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:4270.68px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:4457.4px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:4857.55px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:5198.03px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:5766.82px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:5959.3px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:6234.81px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:7224.73px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:7411.44px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:7686.96px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:8288.88px;white-space:nowrap">funds,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:8769.04px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:9391.11px;white-space:nowrap">these
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10629.36px;left:9823.75px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:186.72px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:586.87px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:969.43px;white-space:nowrap">been
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:1378.55px;letter-spacing:-0.21px;white-space:nowrap">appropriately
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:2376.61px;letter-spacing:-0.41px;white-space:nowrap">shared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:2898.21px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:3238.68px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:3514.2px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:3949.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:4264.12px;white-space:nowrap">whether
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:4886.19px;letter-spacing:-0.48px;white-space:nowrap">there
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:5300.91px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:5451.94px;white-space:nowrap">potential
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:6133.05px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:6372.89px;letter-spacing:-0.24px;white-space:nowrap">realization
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:7142.95px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:7329.67px;white-space:nowrap">further
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:7847.74px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:8668.85px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:8855.57px;white-space:nowrap">scale.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:9344.69px;white-space:nowrap">Although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:10821.36px;left:10049.96px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:471.19px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:1306.87px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:1629.58px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:2450.69px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:2637.41px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:3037.56px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:3304.28px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">difficult
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:3872.91px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:4065.39px;letter-spacing:-0.36px;white-space:nowrap">measure
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:4714.5px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:5054.98px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:5348.58px;letter-spacing:-0.29px;white-space:nowrap">precision
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:6035.93px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:6350.17px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:6877.36px;white-space:nowrap">expenses
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:7588.87px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:7929.83px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:8211.27px;white-space:nowrap">decline
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:8774.3px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:9114.78px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:9242.29px;white-space:nowrap">rise
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:9535.41px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11013.36px;left:9707.25px;white-space:nowrap">assets,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:275.52px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:746.71px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:1582.38px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:1905.1px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:2507.02px;letter-spacing:-0.41px;white-space:nowrap">shares
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:2999.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:3274.53px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:3890.84px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:4077.56px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:4898.67px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:5085.39px;white-space:nowrap">scale,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:5530.02px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:5660.26px;letter-spacing:-2.94px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:5983.62px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:6155.46px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:6282.98px;white-space:nowrap">number
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:6881.53px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:7068.25px;white-space:nowrap">ways
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:7456.56px;white-space:nowrap">including
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:8155.76px;letter-spacing:-0.36px;white-space:nowrap">through
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:8763.11px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:9038.63px;white-space:nowrap">use
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:9329.19px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11205.36px;left:9515.9px;letter-spacing:-0.24px;white-space:nowrap">breakpoints
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:0px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:171.84px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:447.36px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:1437.27px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:1707.03px;white-space:nowrap">schedule,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:2433.26px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:2703.02px;white-space:nowrap">waivers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:3271.81px;white-space:nowrap">and/or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:3793.24px;white-space:nowrap">expense
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:4436.6px;white-space:nowrap">limitations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:5256.75px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:5532.26px;white-space:nowrap">pricing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:6068.25px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:6254.97px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:6690.65px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:6871.28px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:7271.44px;white-space:nowrap">at
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:7452.08px;white-space:nowrap">inception
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:8163.11px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:8477.35px;white-space:nowrap">investments
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:9372.06px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11397.36px;left:9543.89px;letter-spacing:-1.97px;white-space:nowrap">Nuveen&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:0px;white-space:nowrap">business
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:651.99px;white-space:nowrap">which
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:1105.43px;white-space:nowrap">can
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:1399.03px;white-space:nowrap">enhance
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:2048.47px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:2323.98px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:2928.46px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:3615.81px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:3808.28px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:4083.8px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:4519.48px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:4759.31px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:5034.83px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:5372.75px;white-space:nowrap">paid.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:5823.14px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:5998.82px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:6291.94px;letter-spacing:-0.72px;white-space:nowrap">regard,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:6848.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:7124.41px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:7595.6px;letter-spacing:-0.26px;white-space:nowrap">recognized
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:8431.27px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:8753.99px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:9029.51px;white-space:nowrap">management
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:10019.42px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11589.36px;left:10289.18px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:275.52px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:853.27px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:1004.31px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:1703.5px;white-space:nowrap">comprised
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:2500.45px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:2687.16px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:2814.68px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:3567.31px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:4432.74px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:4746.98px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:4874.5px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:5914.65px;white-space:nowrap">component
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:6780.08px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:7162.64px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:7503.11px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:7707.27px;white-space:nowrap">own
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:8051.1px;letter-spacing:-0.26px;white-space:nowrap">breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:8865.81px;white-space:nowrap">schedule,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:9592.05px;white-space:nowrap">subject
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11781.36px;left:10149px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:0px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:527.19px;white-space:nowrap">exceptions.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:1434.06px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:1748.3px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:2219.49px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:2909.89px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:3185.41px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:3938.04px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:4252.28px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:5292.42px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:5562.18px;white-space:nowrap">schedules.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:6401.05px;letter-spacing:0.77px;white-space:nowrap">With
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:6780.89px;white-space:nowrap">this
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:7074px;letter-spacing:-0.26px;white-space:nowrap">structure,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:7784.71px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:8060.23px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:8531.42px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:8999.58px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:9322.29px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:11973.36px;left:9597.81px;white-space:nowrap">complex-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:0px;letter-spacing:-0.26px;white-space:nowrap">breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:814.71px;white-space:nowrap">schedule
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:1496.46px;white-space:nowrap">is
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:1647.5px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:2358.7px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:2551.17px;white-space:nowrap">deliver
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:3078.36px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:3353.88px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:3970.2px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:4156.91px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:4978.02px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:5164.74px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:5564.9px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:5757.37px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:6711.44px;white-space:nowrap">when
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:7138.32px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:7413.84px;white-space:nowrap">eligible
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:7985.35px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:8459.42px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:8631.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:8906.78px;white-space:nowrap">complex
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:9561.81px;white-space:nowrap">pass
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12165.36px;left:9923.41px;white-space:nowrap">certain
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:0px;letter-spacing:-0.26px;white-space:nowrap">thresholds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:782.07px;white-space:nowrap">even
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:1170.55px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:1300.79px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:1576.3px;white-space:nowrap">assets
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:2050.38px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:2237.09px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:2364.61px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:3075.16px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:3442.68px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:3709.4px;white-space:nowrap">unchanged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:4554.35px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:4746.83px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:5129.39px;white-space:nowrap">declined,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:5834.66px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:6148.9px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:6424.42px;white-space:nowrap">fund-level
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:7177.05px;letter-spacing:-0.26px;white-space:nowrap">breakpoint
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:7991.76px;white-space:nowrap">schedules
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:8741.67px;letter-spacing:-0.72px;white-space:nowrap">are
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:9008.39px;white-space:nowrap">designed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:9719.58px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:12357.36px;left:9912.06px;letter-spacing:-0.48px;white-space:nowrap">share </div></div> </div>
</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:783px;width:603px"><div style="position:absolute;top:0px;left:0px;width:603px;height:783px">
<div style="height:10.35px;left:0px;position:absolute;top:0px;transform:translate(36.000px,756.140px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:136.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.38px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:140px;font-weight:900;position:absolute;top:-14.07px;left:0px;white-space:nowrap">86</div></div> </div>
<div style="height:59.25px;left:0px;position:absolute;top:0px;transform:translate(35.999px,28.146px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:1080px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.25px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:0px;white-space:nowrap">Annual
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:1122.46px;white-space:nowrap">Investment
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:2834.18px;white-space:nowrap">Management
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:4789.12px;white-space:nowrap">Agreement
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:6448.75px;white-space:nowrap">Approval
</div><div style="color:#656769;font-family:Georgia, serif;font-size:280px;font-weight:bold;position:absolute;top:-25.91px;left:7846.02px;white-space:nowrap">Process
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:25.02px;left:9033.01px;white-space:nowrap">(Unaudited)
</div><div style="color:#656769;font-family:Georgia, serif;font-size:220px;position:absolute;top:289.02px;left:0px;white-space:nowrap">(continued)</div></div> </div>
<div style="height:636.17px;left:0px;position:absolute;top:0px;transform:translate(36.000px,112.528px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:531.36px">
<div style="width:10627.2px;height:12657.07px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.31px) rotate(0deg) scale(0.05)">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:821.11px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1007.83px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1407.98px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:1748.46px;letter-spacing:-0.22px;white-space:nowrap">shareholders
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2702.53px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:2832.76px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3108.28px;white-space:nowrap">particular
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:3818.83px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4186.35px;letter-spacing:-0.41px;white-space:nowrap">grows.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:4746.34px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5060.58px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:5531.77px;white-space:nowrap">noted,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6044.4px;letter-spacing:-1.64px;white-space:nowrap">however,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:6726.16px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7048.87px;white-space:nowrap">although
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:7727.42px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:8566.14px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9001.81px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9342.77px;white-space:nowrap">make
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:0px;left:9772.69px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:0px;letter-spacing:-0.48px;white-space:nowrap">share
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:423.84px;letter-spacing:-0.29px;white-space:nowrap">offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1090.39px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1463.66px;white-space:nowrap">time
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:1824.94px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2017.41px;white-space:nowrap">time,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2423.17px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:2698.68px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3537.4px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:3973.07px;white-space:nowrap">have
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4355.63px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4483.15px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:4898.02px;white-space:nowrap">limited
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:192px;left:5433.85px;white-space:nowrap">ability
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1296px;left:978.07px;white-space:nowrap">In
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:6458.32px;letter-spacing:-0.17px;white-space:nowrap">interpretations,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:7586.46px;white-space:nowrap">and
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:8505.01px;white-space:nowrap">also
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1488px;left:9658.12px;white-space:nowrap">sharing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:0px;white-space:nowrap">economies
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1007.83px;white-space:nowrap">scale
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:1748.46px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2023.97px;white-space:nowrap">funds
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:1680px;left:2773.89px;white-space:nowrap">their
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:711.51px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:915.67px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1455.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:1730.54px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2201.74px;white-space:nowrap">was
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:2512.93px;text-rendering:optimizeLegibility;white-space:nowrap">satisfied
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3140.92px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3463.64px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:3739.16px;letter-spacing:-0.36px;white-space:nowrap">current
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4284.11px;white-space:nowrap">fee
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:4553.87px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:5581.86px;white-space:nowrap">together
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:6585.68px;white-space:nowrap">the
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2016px;left:7826.95px;white-space:nowrap">in
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:0px;letter-spacing:-0.41px;white-space:nowrap">shared
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:521.6px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:815.2px;white-space:nowrap">economies
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1636.31px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:1823.02px;white-space:nowrap">scale
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2208px;left:2223.18px;white-space:nowrap">with
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:2568.88px;left:0px;white-space:nowrap">E.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:2568.88px;left:270px;letter-spacing:-0.44px;white-space:nowrap">Indirect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:2568.88px;left:1117.87px;white-space:nowrap">Benefits</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:0px;white-space:nowrap">The
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:314.24px;white-space:nowrap">Independent
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:1752.3px;white-space:nowrap">Members
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:3124.45px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:3438.69px;letter-spacing:-0.26px;white-space:nowrap">considered
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:4274.36px;letter-spacing:0.24px;white-space:nowrap">information
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:5139.15px;letter-spacing:-0.58px;white-space:nowrap">regarding
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:5876.74px;white-space:nowrap">other
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:6916.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:7192.08px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:7965.35px;white-space:nowrap">Fund
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:8952.22px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:9144.7px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:9348.85px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">affiliates
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:2952px;left:9976.85px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:0px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:554.24px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:749.91px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:877.43px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:1309.75px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:1496.46px;white-space:nowrap">their
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:1863.5px;letter-spacing:-0.22px;white-space:nowrap">relationship
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:2737.25px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:3077.72px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:3353.24px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:3955.16px;white-space:nowrap">funds.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:4479.79px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:4794.03px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:5265.22px;white-space:nowrap">acknowledged
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:6355.93px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:6678.65px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:6895.13px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">affiliate
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:7454.96px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:7641.67px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:7917.19px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:8494.94px;white-space:nowrap">may
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:8835.9px;letter-spacing:-0.36px;white-space:nowrap">receive
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3144px;left:9390.14px;white-space:nowrap">compensation
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:0px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:239.83px;white-space:nowrap">serving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:796.79px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:992.47px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:1119.99px;white-space:nowrap">co-manager
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:2020.94px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:2192.77px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:2468.29px;white-space:nowrap">initial
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:2891.48px;white-space:nowrap">public
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:3374.36px;letter-spacing:-0.29px;white-space:nowrap">offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:4040.91px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:4227.62px;white-space:nowrap">new
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:4565.54px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:5167.46px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:6006.17px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:6441.85px;white-space:nowrap">(if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:6613.68px;white-space:nowrap">any)
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:6948.88px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:7263.12px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:7502.95px;white-space:nowrap">serving
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:8059.9px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:8255.58px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:8472.06px;white-space:nowrap">underwriter
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:9336.53px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:9564.85px;white-space:nowrap">shelf
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3336px;left:9941.16px;letter-spacing:-0.29px;white-space:nowrap">offerings
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:0px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:186.72px;white-space:nowrap">existing
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:782.07px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:1383.99px;white-space:nowrap">closed-end
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:2222.7px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:2658.37px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:2972.61px;letter-spacing:-0.32px;white-space:nowrap">reviewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:3663.01px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:3938.52px;white-space:nowrap">amounts
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:4596.44px;white-space:nowrap">paid
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:4957.87px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:5197.71px;white-space:nowrap">such
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:5565.38px;white-space:nowrap">services,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:6214.34px;white-space:nowrap">if
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:6344.57px;letter-spacing:-2.94px;white-space:nowrap">any,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:6667.93px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:6839.77px;white-space:nowrap">2021
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:7240.09px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3528px;left:7554.33px;white-space:nowrap">2022.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:0px;white-space:nowrap">In
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:175.68px;white-space:nowrap">addition,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:856.95px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:1132.47px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:2099.34px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:2570.53px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:3290.69px;white-space:nowrap">noted
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:3758.84px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:4081.56px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:4357.07px;white-space:nowrap">various
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:4905.22px;white-space:nowrap">sub-advisers
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:5832.57px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:6025.05px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:6300.57px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:6902.49px;white-space:nowrap">funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:7338.16px;white-space:nowrap">do
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:7575.28px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:7856.71px;white-space:nowrap">generally
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:8555.91px;text-rendering:optimizeLegibility;white-space:nowrap">benefit
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:9104.06px;letter-spacing:-0.58px;white-space:nowrap">from
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:9477.33px;white-space:nowrap">soft
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:3864px;left:9785.33px;white-space:nowrap">dollar
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:0px;white-space:nowrap">arrangements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:1027.99px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:1368.46px;letter-spacing:-0.36px;white-space:nowrap">respect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:1937.26px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:2129.73px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:2731.65px;white-space:nowrap">fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:3099.17px;white-space:nowrap">portfolio
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4056px;left:3756.43px;white-space:nowrap">transactions.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:0px;white-space:nowrap">Based
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:483.2px;white-space:nowrap">on
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:711.51px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:915.67px;letter-spacing:-1.46px;white-space:nowrap">review,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:1455.02px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:1730.54px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:2201.74px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:2996.13px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:3318.84px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:3612.44px;letter-spacing:-0.32px;white-space:nowrap">indirect
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:4189.87px;text-rendering:optimizeLegibility;white-space:nowrap">benefits
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:4806.19px;letter-spacing:-0.32px;white-space:nowrap">received
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:5458.18px;white-space:nowrap">by
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:5677.54px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:5805.06px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:6214.18px;white-space:nowrap">Adviser
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:6791.93px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:6987.61px;white-space:nowrap">a
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:7115.13px;letter-spacing:-0.41px;white-space:nowrap">result
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:7547.44px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:7734.16px;white-space:nowrap">its
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:7938.31px;letter-spacing:-0.22px;white-space:nowrap">relationship
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:8812.06px;white-space:nowrap">with
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:9152.53px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:9428.05px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4392px;left:9905.33px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:0px;letter-spacing:-0.26px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:826.87px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:998.71px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:1359.82px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:1546.54px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:1822.06px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:4584px;left:2426.53px;letter-spacing:-0.32px;white-space:nowrap">provided.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944.88px;left:0px;letter-spacing:-7.09px;white-space:nowrap">F.
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944.88px;left:270px;white-space:nowrap">Other
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:900;position:absolute;top:4944.88px;left:942.09px;white-space:nowrap">Considerations</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:0px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:314.24px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:1281.11px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:1752.3px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:2472.46px;white-space:nowrap">did
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:2750.85px;white-space:nowrap">not
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:3032.29px;white-space:nowrap">identify
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:3606.84px;white-space:nowrap">any
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:3900.44px;white-space:nowrap">single
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:4365.55px;white-space:nowrap">factor
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:4818.66px;white-space:nowrap">discussed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:5556.58px;letter-spacing:-0.26px;white-space:nowrap">previously
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:6321.05px;white-space:nowrap">as
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:6516.73px;white-space:nowrap">all-important
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:7473.03px;white-space:nowrap">or
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:7665.5px;letter-spacing:-0.22px;white-space:nowrap">controlling.
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:8560.05px;white-space:nowrap">The
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:8874.29px;white-space:nowrap">Independent
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5328px;left:9841.16px;letter-spacing:-0.48px;white-space:nowrap">Board
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:0px;white-space:nowrap">Members
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:720.15px;white-space:nowrap">concluded
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:1514.55px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:1837.26px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:2112.78px;letter-spacing:0.48px;white-space:nowrap">terms
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:2559.81px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:2746.53px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:3129.08px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:3789.87px;letter-spacing:-0.29px;white-space:nowrap">Agreement
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:4637.39px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:5025.54px;letter-spacing:-0.24px;white-space:nowrap">reasonable,
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:5896.89px;white-space:nowrap">that
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:6219.61px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:6495.13px;letter-spacing:-0.26px;white-space:nowrap">respective
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:7268.4px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:7677.52px;letter-spacing:-1.78px;white-space:nowrap">Adviser&#8217;s
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:8347.27px;white-space:nowrap">fees
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:8685.19px;letter-spacing:-0.58px;white-space:nowrap">were
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:9073.34px;letter-spacing:-0.26px;white-space:nowrap">reasonable
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:9900.21px;white-space:nowrap">in
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:10072.05px;white-space:nowrap">light
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5520px;left:10433.17px;white-space:nowrap">of
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:0px;white-space:nowrap">the
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:275.52px;white-space:nowrap">services
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:879.99px;letter-spacing:-0.32px;white-space:nowrap">provided
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:1567.34px;white-space:nowrap">to
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:1759.82px;white-space:nowrap">each
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2142.38px;white-space:nowrap">Fund
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2551.49px;white-space:nowrap">and
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:2865.73px;white-space:nowrap">that
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</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:3463.96px;white-space:nowrap">Advisory
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:4124.75px;letter-spacing:-0.26px;white-space:nowrap">Agreements
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5040.42px;white-space:nowrap">be
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5271.62px;letter-spacing:-0.36px;white-space:nowrap">renewed
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:5935.46px;white-space:nowrap">for
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:6175.29px;white-space:nowrap">an
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:6391.77px;white-space:nowrap">additional
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:7150px;white-space:nowrap">one-year
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:160px;font-weight:300;position:absolute;top:5712px;left:7822.79px;white-space:nowrap">period.</div></div> </div>
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<div style="width:9043.2px;height:11836.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.22px) rotate(0deg) scale(0.05)">
<div style="color:#656769;font-family:Georgia, serif;font-size:540px;position:absolute;top:-49.97px;left:0px;white-space:nowrap">Nuveen:</div><div style="color:#656769;font-family:Georgia, serif;font-size:540px;position:absolute;top:598.03px;left:0px;white-space:nowrap">Serving
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</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:2642.29px;white-space:nowrap">which
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:3220.21px;white-space:nowrap">help
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:3653.03px;white-space:nowrap">them
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:4159.57px;white-space:nowrap">secure
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:4775.39px;white-space:nowrap">their
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:5246.29px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:5548.65px;left:6055.57px;white-space:nowrap">future.</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:0px;white-space:nowrap">Find
 </div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:689.5px;white-space:nowrap">out
</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:1199.71px;white-space:nowrap">how
</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:1829.59px;white-space:nowrap">we
</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:2268.16px;white-space:nowrap">can
</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:2805.18px;white-space:nowrap">help
</div><div style="font-family:Georgia, serif;font-size:300px;position:absolute;top:6165.76px;left:3454.39px;white-space:nowrap">you.</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:0px;white-space:nowrap">To
 </div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:279.79px;white-space:nowrap">learn
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:782.81px;white-space:nowrap">more
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:1293.65px;white-space:nowrap">about
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:1846.58px;white-space:nowrap">how
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:2266.5px;white-space:nowrap">the
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:2596.88px;white-space:nowrap">products
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:3425.29px;white-space:nowrap">and
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:3807.32px;white-space:nowrap">services
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:4552.44px;white-space:nowrap">of
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:4773.54px;white-space:nowrap">Nuveen
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:5501.07px;white-space:nowrap">may
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:5924.71px;white-space:nowrap">be
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:6181.64px;white-space:nowrap">able
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:6596.58px;white-space:nowrap">to
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:6821.68px;white-space:nowrap">help
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:7254.49px;white-space:nowrap">you
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:7624.02px;white-space:nowrap">meet
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6610.65px;left:8110.84px;white-space:nowrap">your
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:809.28px;white-space:nowrap">goals,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:1365.53px;white-space:nowrap">talk
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:1747.95px;white-space:nowrap">to
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:1973.05px;white-space:nowrap">your
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:2424.51px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:3233.79px;white-space:nowrap">advisor,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:3985.64px;white-space:nowrap">or
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:4223.63px;white-space:nowrap">call
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:4577.93px;white-space:nowrap">us
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:4827.64px;white-space:nowrap">at
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:5045.7px;white-space:nowrap">(800)
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:5608.69px;white-space:nowrap">257-8787.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:6542.97px;white-space:nowrap">Please
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:7150.98px;white-space:nowrap">read
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:7593.46px;white-space:nowrap">the
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:6970.65px;left:7923.83px;white-space:nowrap">information
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:0px;white-space:nowrap">provided
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:836.52px;white-space:nowrap">carefully
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:1647.95px;white-space:nowrap">before
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:2256.35px;white-space:nowrap">you
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:2625.88px;white-space:nowrap">invest.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:3256.25px;white-space:nowrap">Investors
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:4128.22px;white-space:nowrap">should
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:4774.22px;white-space:nowrap">consider
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:5577.73px;white-space:nowrap">the
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:5908.11px;white-space:nowrap">investment
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:6944.63px;white-space:nowrap">objective
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:7782.23px;white-space:nowrap">and
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7330.65px;left:8164.26px;white-space:nowrap">policies,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:0px;white-space:nowrap">risk
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:382.32px;white-space:nowrap">considerations,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:1780.57px;white-space:nowrap">charges
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:2503.71px;white-space:nowrap">and
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:2885.74px;white-space:nowrap">expenses
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:3730.27px;white-space:nowrap">of
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:3951.37px;white-space:nowrap">any
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:4316.99px;white-space:nowrap">investment
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:5353.52px;white-space:nowrap">carefully.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:6218.85px;white-space:nowrap">Where
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:6853.91px;white-space:nowrap">applicable,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:7858.69px;white-space:nowrap">be
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:7690.65px;left:8115.63px;white-space:nowrap">sure
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:0px;white-space:nowrap">to
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:225.1px;white-space:nowrap">obtain
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:839.75px;white-space:nowrap">a
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:988.77px;white-space:nowrap">prospectus,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:2053.61px;white-space:nowrap">which
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:2631.54px;white-space:nowrap">contains
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:3429.59px;white-space:nowrap">this
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:3808.3px;white-space:nowrap">and
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:4190.33px;white-space:nowrap">other
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:4710.45px;white-space:nowrap">relevant
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:5478.52px;white-space:nowrap">information.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:6642.77px;white-space:nowrap">To
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:6922.56px;white-space:nowrap">obtain
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:7537.21px;white-space:nowrap">a
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8050.65px;left:7686.23px;white-space:nowrap">prospectus,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:0px;white-space:nowrap">please
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:600.29px;white-space:nowrap">contact
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:1295.02px;white-space:nowrap">your
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:1746.48px;white-space:nowrap">securities
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:2634.96px;white-space:nowrap">representative
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:3949.41px;white-space:nowrap">or
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:4187.4px;white-space:nowrap">Nuveen,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:4968.85px;white-space:nowrap">333
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:5348.14px;white-space:nowrap">W.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:5645.41px;white-space:nowrap">Wacker
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:6366.11px;white-space:nowrap">Dr.,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:6753.91px;white-space:nowrap">Chicago,
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:7560.74px;white-space:nowrap">IL
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8410.65px;left:7807.62px;white-space:nowrap">60606.
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:0px;white-space:nowrap">Please
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:608.01px;white-space:nowrap">read
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:1050.49px;white-space:nowrap">the
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:1380.86px;white-space:nowrap">prospectus
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:2391.8px;white-space:nowrap">carefully
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:3203.22px;white-space:nowrap">before
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:3811.62px;white-space:nowrap">you
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:4181.15px;white-space:nowrap">invest
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:4757.62px;white-space:nowrap">or
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:4995.61px;white-space:nowrap">send
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:8770.65px;left:5459.96px;white-space:nowrap">money.</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:0px;white-space:nowrap">Learn
 </div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:549.36px;letter-spacing:-0.58px;white-space:nowrap">more
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:1074.11px;white-space:nowrap">about
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:1650.11px;letter-spacing:-0.31px;white-space:nowrap">Nuveen
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:2389.17px;white-space:nowrap">Funds
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;position:absolute;top:9140.23px;left:2972.79px;letter-spacing:-0.51px;white-space:nowrap">at:
</div><div style="font-family:&quot;Times New Roman&quot;, Times, serif;font-size:220px;font-weight:bold;position:absolute;top:9140.23px;left:3258.43px;letter-spacing:-0.6px;white-space:nowrap">www.nuveen.com/closed-end-funds</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:0px;white-space:nowrap">NOT
 </div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:474.22px;white-space:nowrap">FDIC
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:998.44px;white-space:nowrap">INSURED
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:1962.3px;white-space:nowrap">MAY
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:2453.22px;white-space:nowrap">LOSE
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:3013.87px;white-space:nowrap">VALUE
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:3732.23px;white-space:nowrap">NO
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:4082.71px;white-space:nowrap">BANK
</div><div style="font-family:Georgia, serif;font-size:200px;position:absolute;top:9759.45px;left:4688.18px;white-space:nowrap">GUARANTEE</div></div> </div> </div></div>
<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">CODE OF ETHICS. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">AUDIT COMMITTEE FINANCIAL EXPERT. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">PRINCIPAL ACCOUNTANT FEES AND SERVICES. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">AUDIT COMMITTEE OF LISTED REGISTRANTS. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">SCHEDULE OF INVESTMENTS. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See Portfolio of Investments in Item&nbsp;1. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Not applicable. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR <FONT STYLE="white-space:nowrap">CLOSED-END</FONT>
MANAGEMENT INVESTMENT COMPANIES. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">PORTFOLIO MANAGERS OF <FONT STYLE="white-space:nowrap">CLOSED-END</FONT> MANAGEMENT INVESTMENT COMPANIES.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable to this filing. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">PURCHASES OF EQUITY SECURITIES BY <FONT STYLE="white-space:nowrap">CLOSED-END</FONT> MANAGEMENT INVESTMENT
COMPANY AND AFFILIATED PURCHASERS. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant&#146;s Board implemented after the
registrant last provided disclosure in response to this Item. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">CONTROLS AND PROCEDURES. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule <FONT
STYLE="white-space:nowrap">30a-3(c)</FONT> under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;) (17 CFR <FONT STYLE="white-space:nowrap">270.30a-3(c)))</FONT> are effective, as of a date within 90 days of the filing date
of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule <FONT STYLE="white-space:nowrap">30a-3(b)</FONT> under the 1940 Act (17 CFR <FONT
STYLE="white-space:nowrap">270.30a-3(b))</FONT> and Rules <FONT STYLE="white-space:nowrap">13a-15(b)</FONT> or <FONT STYLE="white-space:nowrap">15d-15(b)</FONT> under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)(17
CFR <FONT STYLE="white-space:nowrap">240.13a-15(b)</FONT> or <FONT STYLE="white-space:nowrap">240.15d-15(b)).</FONT> </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">There were no changes in the registrant&#146;s internal control over financial reporting (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the 1940 Act (17 CFR
<FONT STYLE="white-space:nowrap">270.30a-3(d))</FONT> that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.
</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR <FONT STYLE="white-space:nowrap">CLOSED-END</FONT> MANAGEMENT
INVESTMENT COMPANIES. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left">ITEM&nbsp;13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">EXHIBITS. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">File the exhibits listed below as part of this Form. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)(1)
Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><A HREF="d446452dex99cert.htm">(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required
 by <FONT STYLE="white-space:nowrap">Rule&nbsp;30a-2(a)</FONT> under the 1940 Act (17 CFR <FONT STYLE="white-space:nowrap">270.30a-2(a))</FONT> in the exact form set forth below: See <FONT STYLE="white-space:nowrap">Ex-99.CERT</FONT> attached
hereto. </A> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)(3) Any written solicitation to purchase securities under Rule <FONT STYLE="white-space:nowrap">23c-1</FONT> under the 1940 Act (17 CFR <FONT
STYLE="white-space:nowrap">270.23c-1)</FONT> sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)(4) Change in the registrant&#146;s independent public accountant. Not applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><A HREF="d446452dex99906cert.htm">(b) If the report is filed under Section&nbsp;
13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule <FONT STYLE="white-space:nowrap">30a-2(b)</FONT> under the 1940 Act (17 CFR <FONT STYLE="white-space:nowrap">270.30a-2(b));</FONT> Rule <FONT STYLE="white-space:nowrap">13a-14(b)
</FONT> or Rule <FONT STYLE="white-space:nowrap">15d-14(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13a-14(b)</FONT> or <FONT STYLE="white-space:nowrap">240.15d-14(b)),</FONT> and Section&nbsp;1350 of Chapter 63 of
Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to
the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by
reference: See <FONT STYLE="white-space:nowrap">Ex-99.906</FONT> CERT attached hereto. </A> </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Registrant) Nuveen California Municipal Value Fund </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="43%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="53%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>By&nbsp;(Signature&nbsp;and&nbsp;Title)&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chief&nbsp;Administrative&nbsp;Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: November&nbsp;3, 2023 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="43%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="53%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>By&nbsp;(Signature&nbsp;and&nbsp;Title)&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chief&nbsp;Administrative&nbsp;Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>(principal executive officer)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: November&nbsp;3, 2023 </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="38%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="59%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>By&nbsp;(Signature&nbsp;and&nbsp;Title)&#8194;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000">/s/ E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Vice&nbsp;President&nbsp;and&nbsp;Funds&nbsp;Controller</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>(principal&nbsp;financial&nbsp;officer)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: November&nbsp;3, 2023 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>d446452dex99cert.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT
<TEXT>
<HTML><HEAD>
<TITLE>Certification Pursuant to Section 302 of the Sarbanes-Oxley Act</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, David J. Lamb, certify that:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">1. I have reviewed this report on Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> of Nuveen California Municipal Value Fund; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">4. The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(c)</FONT> under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the
Investment Company Act of 1940) for the registrant and have: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">5. The registrant&#146;s other
certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: November&nbsp;3, 2023</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chief Administrative Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(principal executive officer)</TD></TR>
</TABLE>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, E. Scott Wickerham, certify that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">1. I have
reviewed this report on Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> of Nuveen California Municipal Value Fund; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">2. Based on my
knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect
to the period covered by this report; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">3. Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and
for, the periods presented in this report; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">4. The registrant&#146;s other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(c)</FONT> under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule <FONT
STYLE="white-space:nowrap">30a-3(d)</FONT> under the Investment Company Act of 1940) for the registrant and have: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">5. The registrant&#146;s other
certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD WIDTH="2%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: November&nbsp;3, 2023</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Vice President and Funds Controller</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(principal financial officer)</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>3
<FILENAME>d446452dex99906cert.htm
<DESCRIPTION>CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT
<TEXT>
<HTML><HEAD>
<TITLE>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.906CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certification Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002; provided by the Chief Executive Officer
and Chief Financial Officer, based on each such officer&#146;s knowledge and belief. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The undersigned officers of Nuveen California Municipal Value Fund
(the &#147;Fund&#148;), certify that, to the best of each such officer&#146;s knowledge and belief: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Form <FONT STYLE="white-space:nowrap">N-CSR</FONT> of the Fund for the period ended August&nbsp;31, 2023 (the &#147;Report&#148;) fully complies with the requirements of Section&nbsp;13(a) or 15(d) of the Securities
Exchange Act of 1934; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: November&nbsp;3, 2023 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David J. Lamb</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">David J. Lamb</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Chief Administrative Officer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(principal executive officer)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ E. Scott Wickerham</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">E. Scott Wickerham</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Vice President and Funds Controller</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(principal financial officer)</P></TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
